PepsiCo was Ready to Dismiss the Success of Pepsi Throwback
IN: Business Brand StrategyPut your customer first. Period!
I’ve never been a big consumer of sweet carbonated drinks. We didn’t keep any at our house, because it’s not that healthy. But something happened last year that changed all that. PEPSI THROWBACK! Not only is it healthier for the planet because it isn’t made with high fructose corn syrup, the fact that it’s made with real sugar makes it taste better.
Pepsi Throwback was initially available as a limited time offer product, so whenever we could find some we would stock up like we were trying to fill a bomb shelter. Well, pretty soon it was discontinued and we were left without our beloved PT.
What’s crazy is that for me to switch to and then seek out Pepsi is a BIG DEAL. My whole life I have only ever purchased Coca-Cola. And then Pepsi discontinues it! Why would the company mess with a strategy that got me to switch/commit to their product? Isn’t that the holy grail?
Recently, I saw an online series called Jack and Suzy Welch’s “It’s Everybody’s Business.” It’s a series of business webisodes that brings together Jack Welch (former CEO of GE) and his business-book author wife with top executives of companies to solve a certain business issue the company is struggling with. In one episode, the Welch’s met with Pepsi, to discuss how to rejuvenate growth in a declining category (soda). The company explained that Pepsi Throwback was a huge success compared to other product launches, but was discontinued. When Jack asked, very plainly, “If it was such a success, why isn’t it a part of the regular product line?” he got a series of excuses around supply chain and money. His reaction to this “forest for the trees” thinking was, “Figure out how to make it happen. It’s clearly what your consumers want!”







