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Coca-Cola edges Google, YouTube, Amazon as strongest US brand
Coca-Cola proved to be the strongest US brand by posting a Brand Strength Index (BSI) score of 93.3, higher than Google, YouTube, Amazon, and Deloitte, according to a TradingPlatforms.com analysis.
The BSI rating also places Coca-Cola 2.2 points ahead of rival beverage company Pepsi.
The Brand Loyalty and Recommendation Forecast data, which reflects consumer perceptions, preferences, and intentions both online and offline, is the basis for the BSI score ranking.
Additionally, the renowned beverage business has a correspondingly prestigious AAA+ rating.
TradingPlatforms’ financial expert Edith Reads attributed Coca-Cola’s brand strength to the prominence of its core drink in the consumer’s mind, and recent innovations such as new flavors and lower sugar variants.
The BSI score, she continued, is a gauge of consumer loyalty, which can only be attained by having a remarkable level of brand awareness and high consumer approval ratings.
To satisfy consumer demand in a period of growing health consciousness, the company has concentrated on offering low-nutrition and alternative products like Coke Zero.
In a time of disrupted supply chains, it has also strategically chosen to use e-commerce to guarantee brand availability. In addition to its strong product strategy, which helped Coca-Cola ascend to the top, the company's digital strategy has also increased sales.