Coca-Cola has announced that it will seek to create savings over around $1 billion from the optimisation of supply chain and ICT services.

The drinks giant will move to increase IT service standardisation in an effort to create savings while focusing on media and marketing campaign investment.

The standardisation of IT services coincides with the recent migration to salesforce services including mobile applications allowing for a remote and flexible workforce.

The savings plan comes as the company’s share price dropped by nearly four per cent on the announcement of a $1.7 billion fall in net income over the fourth quarter.

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