Contact Us Today














    Consumers Still Buying High-End Beverage Alcohol Brands

    Third-quarter data shows that nearly all of the product segments in the popular price tier for wine and spirits declined during the period, indicating consumers are still buying higher-end brands, according to a new report from SipSource. The off-premise continues to be the lifeline of the industry with spirits leading the way up 5.3% and wine up 0.1%. This is the first time that off-premise wine has been in positive territory since September 2018. However, on-premise share of depletions for wine and spirits is expected to be half of what it was before COVID by the end of the year. Source: SipSource, November 2020...

    Americans Downsize Thanksgiving Plans

    Seven out of ten households this year are planning a Thanksgiving gathering with less than six people, according to the latest Nielsen data. Those planning to serve alcohol at their gatherings are down slightly in each category with 37% planning to serve wine compared to 39% last year, 24% planning to serve beer compared to 28% last year, and 19% planning to serve spirits compared to 20% last year. Nearly 25% of consumers plan to spend $25 or less on alcohol this year and 25% of consumers will do their holiday shopping online this year compared to 10% last year.   Spirits Lead The Way As Alcohol Dollars Grow 17.6% in September, October Off-premise alcohol dollars grew by 17.6% in September and October compared to the same time last year, according to the latest Nielsen report. Spirits led category growth, up 26.3%, followed by wine at 18.9% and beer/FMBs/cider at 13.9%. Throughout most of the pandemic, the spirit categories driving most of the growth have been consistent. Tequila was up 55.5%, Cognac up 56.2%, and RTD cocktails up 131% for September and October. Hard seltzer was also up 103% and continues to drive growth in the beer/FMB/cider category. Source: Nielsen, November 2020...

    COVID Spurs Highest Levels of New Business Applications Since 2004

    The US has always been a global leader in “creative destruction,” the economic phenomena of creating new economic structures by destroying the old. This approach has the US leading all other nations in new business creation during the pandemic. New business applications in the third quarter of 2020 were the highest they’ve been since the US Census Bureau started tracking this data back in 2004, according to University of Maryland economist John Haltiwanger. Source: NPR Planet Money, November 2020...

    SweetWater Brewing Acquired By Global Cannabis Company Aphria

    Global cannabis company Aphria has entered an agreement to acquire SweetWater Brewing Company for $300 million. SweetWater Brewing is one of the largest independent craft brewers in the United States and has created an award-winning portfolio of specialty beers, many of which align closely with the cannabis lifestyle. The acquisition will provide Aphria with a US platform and access to the US market in the event of federal legalization. Source: PR Newswire, November 2020...

    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 government has yet to respond to the new tariffs, but a coalition of 20 trade associations representing the beverage alcohol industry advise the two parties to find a solution. Source: Wine and Spirits Shippers Association, Distilled Spirits Council, November 2020...

    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 of these initiatives, one-third of the population now lives in jurisdictions that have legalized cannabis for adult use, and 70% of all states have embraced cannabis for medical use,” says Steve Hawkins, the executive director of the Marijuana Policy Project. Source: Beverage Dynamics, November 2020...