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Agree. People are still boycotting Nike. Also, the Bud Light boycott won't pass.
But the situations are different.
Nike escaped unscathed because, for every person boycotting, there is another person who is buying Nike in part because of their woke pivot. For Nike it's not a bad strategy. Before going woke, the political position of Nike was of an evil sweatshop owner. They've switched the narrative and probably gained more consumers than they lost.
But Bud Light is going to lose sales forever. They are alienating their core constituency. And Bud Light will never be consumed by urban elites.
This is awful business strategy and will cost them billions.
I can't not drink more Bud Light, or any AB product than I already don't. If they resurrected Spuds MacKenzie and bud girls, the dog and attractive woman could convince me to buy a case for emergencies.
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They don't care. They'd rather not be affiliated with that constituency. And no one else will pick it up because essentially all the marketing people who would be hired into a big brand are aligned.
Well they should care. As @jeroboam said, they're going to lose a lot of money if they piss off that constituency. The company may be so infested with ideologues that they are willing to lose money for ideology, but eventually that will run them into the ground if they don't get a clue.
Why? If the market is smaller and AB makes less total revenue, AB can just be a little smaller and do fine. Hollywood has been doing fine for decades explicitly avoiding catering to conservatives (since the Rural Purge); the occasional show or movie that does generally does well but they don't follow up.
Well if @jeroboam is right (and I think he probably is), the market for cheap shitty beer is different from Hollywood in that the market is almost all Red Tribe. It's one thing to commit to being woke and lose 25% of your revenue, it's another thing to lose 75%.
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I do think "Bud Light" as a brand will suffer. But really, worst case scenario, they'll pull a switcheroo to escape the bad vibes a la Anglo-Iranian Oil -> British Petroleum -> BP. The American public does not have the attention span to keep track of which mask Nyarlathotep is wearing.
Wouldn’t be surprised if the bud light seltzers make up for all the lost sales
Seltzers and coolers and such go through cycles, but they're generally fads and fade. Beer is evergreen. So ABInbev would be foolish to depend on them.
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Burgers?
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I’m not sure they gained more customers than they lost. Though they want the female market which spends way more on clothes so maybe.
The issue is nike has a borderline monopoly in a lot of sports stuff. You go to a shoe store and maybe they have 50 different nike and 4 other brands shoes.
Bud the switching costs is too cheap. It’s watered down beer. Cola is similar to Nike except 95% of the shelf space is a coke/Pepsi duopoly.
Honestly I think about this I wander why Under Armour can’t get their brand going and target hard at the old Michael Jordan demographic of male sports shoppers. I sort of want to start a basketball shoe brand. Can run with slogans like Democrats buy sneakers too. Men compete with men. Then some macho stuff about beating your opponent (old Nike).
They also have the objectively best running shoes. Among both pros and sub-elite amateurs that care about performance, damned near everyone is wearing either Alphafly or Vaporfly shoes to the start line. Other companies have now copied the "supershoe" approach and there are some competitors that are probably pretty similar, but everyone I know just stuck with the Nikes.
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