1 00:00:00,000 --> 00:00:05,310 Coca Cola Latin America in 2018, they launched what they call the 2 00:00:05,310 --> 00:00:10,830 universal bottle. The universal bottle is like a reinvention of 3 00:00:10,830 --> 00:00:16,350 that old glass refillable bottle that we some of us can remember 4 00:00:16,350 --> 00:00:20,940 from when we were younger. But this one, this new one it's made 5 00:00:20,940 --> 00:00:26,310 of a kind of a rigid plastic, and it can be reused up to 25 6 00:00:26,310 --> 00:00:33,630 times and it's called universal because they designed one single 7 00:00:33,630 --> 00:00:38,790 shape that can be refilled with any soda flavour any brand, any 8 00:00:38,790 --> 00:00:42,510 beverage from the company which is completely different from the 9 00:00:42,510 --> 00:00:47,880 model that they had before. So this universal bottle has a high 10 00:00:47,880 --> 00:00:52,770 value proposition for the consumers as they can get a 30% 11 00:00:52,770 --> 00:00:55,980 discount when buying a new bottle bringing their empty 12 00:00:55,980 --> 00:01:01,320 bottle back, but also to the company because with this 13 00:01:02,280 --> 00:01:06,690 universal shape, they have increased significantly the 14 00:01:06,690 --> 00:01:11,490 operational efficiency not only inside the plants, but also in 15 00:01:11,490 --> 00:01:14,640 the retails, so it's helping them to increase their 16 00:01:14,640 --> 00:01:18,690 distribution. So with all these different benefits, what 17 00:01:18,690 --> 00:01:23,310 happened is that in 2019, the refillable bottles to give you 18 00:01:23,310 --> 00:01:27,660 an example only in Brazil, it was representing 22% of 19 00:01:27,660 --> 00:01:32,730 everything that the company was selling already. And 22% in a 20 00:01:32,730 --> 00:01:38,700 country like Brazil, for a company like Coca Cola means 1.8 21 00:01:38,730 --> 00:01:42,540 billion one way bottles that were not produced because of the 22 00:01:42,540 --> 00:01:46,440 scale of this reuse. And this was before the crisis.