17 July 2008 - The Coca-Cola Company, which has just announced its second quarter results (ended 27 June 2008), also said that it is targeting between USD 400 to 500 million in annual savings from productivity initiatives by year-end 2011.
Coca-Cola intends to use the savings to "provide additional flexibility to invest for growth".
The beverage firm expects to generate the savings by "aggressively managing operating expenses supported by lean techniques, redesigning key processes to drive standardization and effectiveness, better leveraging our size and scale, and driving savings in indirect costs through the implementation of a procure-to-pay program".