EU Adds New 25% Tariffs on Select US Spirits
The European Commission has announced new 25% tariffs on US rum, brandy, vodka, and vermouth that will go into effect November 10. Products already on the water are exempt, but proof will be required, according to the Wine and Spirits Shippers Association. The US...
Four States Vote to Legalize Cannabis This Week
This week, four states adopted recreational marijuana use via ballot measures: Arizona, Montana, New Jersey, and South Dakota. That brings the total up to 15 states with legalized recreational marijuana laws and 36 states with medical marijuana laws. “With the passage...
GoPuff Delivery App Buys BevMo! for $350 Million
Delivery app company GoPuff has agreed to acquire the BevMo! Retail chain for $350 million. The deal would give the delivery app access to a physical retailer with approximately 160 stores between California, Arizona and Washington. GoPuff's focus is convenience-store...
Bev Alc Consumption Growth Likely Due to Pantry Loading in 2020
There has been much back and forth over whether alcohol consumption has increased during the COVID-19 pandemic. Early on, the numbers looked as though that might be the case, however, an increasing number of reports indicate that perspective isn't exactly accurate....
Consumers Express Growing Interest in Alternative Packaging
750mL bottles of wine make up a majority of wine sales, but alternative packaging sizes such as boxes, tetras, half bottles, and cans are all growing steadily. As many as 42% of consumers are open to the idea of purchasing wine in alternative packaging, according to a...
Moody’s Predicts Growth For Beverage Alcohol in 2021
Moody's credit rating agency predicts the global beverage alcohol industry will increase operating profits by high single digits or low double digits in the next 12-18 months. Although the firm expects demand for premium products will continue, it claims uncertainties...
September Gains & Losses on Drizly
September is always a transition month as summer closes out and US consumers turn their attention to preparing for the holidays. While some trends, including RTD and Tequila sales, held steady on the Drizly marketplace in September, the e-commerce spirits company...
Spirits Leaders Weigh in on Where US Market is Headed
Thus far, the US spirits category has fared relatively well during the uncertain times of COVID-19, with IWSR suggesting it will deliver marginal growth rates and maintain its share of the beverage alcohol category. But will the trends that have skyrocketed during...
American Whiskey Brands Use 2020 Challenges to Reevaluate
American whiskey has experienced very healthy growth in recent years and as a result, most of the international drinks players were investing heavily in the category pre-pandemic. However, despite the healthy demand for the category, it has not been spared from the...