What Monster’s alcohol U-turn means for the future of soft drink crossovers
Soft drinks brands' forays into alcohol make good business sense, but leveraging the brand equity of products consumed by sub-LDA consumers is a risky affair.
Far right image credit: SebastianO Photography // Shutterstock.com
“There is this vision of kids being stopped and them claiming that they were drinking non-alcoholic products… I think it’s very much a slippery slope and I think we have to be really careful.” – These were the words of Monster Beverage Corp co-CEO Hilton Schlosberg, when asked about the possibility of extending the group’s flagship energy drink into alcohol earlier this year.
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Disruptive start-ups to watch out for
2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic.
However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies.
GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage.
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Free Whitepaper
Disruptive start-ups to watch out for
2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic.
However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies.
GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage.
Read our report and gather insights on the following topics:
Recent Unicorn trends
Unicorns in 2022
Future Unicorns
Start-ups to watch out for
Start-up ecosystem outlook by top geographies
Thank you.
You will receive an email shortly. Please check your inbox to download the Whitepaper.
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