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US alcohol distributors must face startup's antitrust lawsuit // Classics shine at HK sale but Bordeaux market still sluggish

May 31, 2024 - Wine Industry Insight Daily News Feed

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“It is important to not conflate recent declines in market volume with possible changes in consumer perception. Actual consumer spending on beverage alcohol has, in fact, remained steady and grown slightly. Given the stability of consumption, the unprecedented increase in depletions that began during the pandemic appears to have triggered an equally dramatic increase of inventory by wholesalers, retailers and even consumers who filled their home pantries. Prior to the pandemic, carrying costs ranged from between 5% to 6% of wholesaler operating profits, but had soared to nearly 16% by the end of last year.”

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