Park Street

From craft beers to local wines and spirits, the Tar Heel State has it all. Unique laws and ABC boards shape this thriving market. Are you interested in entering the North Carolina market? We've compiled everything you need to know with our free guide, which includes information about consumption trends, the most popular alcohol categories, and local guidelines. Read More: https://hubs.li/Q02K2f9j0 #NorthCarolinaMarket #BeverageAlcohol

Join us on the Park Street Insider Podcast as we sit down with Joseph J. Magliocco, President of Michter's Distillery, LLC. Discover how he transformed a forgotten 18th-century brand into a global whiskey phenomenon. The episode touches on: ➝ Revitalizing a historic brand ➝ Building a world-class team ➝ Meticulous production methods ➝ Navigating the U.S. whiskey market Don't miss this inspiring story of vision, strategy, and craftsmanship: https://hubs.li/Q02MwgQv0 #WhiskeyIndustry #BrandBuilding #MichtersWhiskey #ParkStreetInsider

Keep informed on the latest news, trends, and happenings in the beverage alcohol industry by subscribing to our daily newsletter. Some of the latest new stories featured include Southern Glazer's Wine & Spirits acquiring Horizon Beverage Group, Pernod Ricard launching North American Distillers, consumers gravitating toward high-quality products, and why the wholesale landscape is shrinking in the U.S. Follow this link to read more about these news stories and subscribe: https://lnkd.in/eAT3s8Ue #ParkStreetInsiderNewsletter #BeverageAlcoholNews

Andrew Hummel, Director at CGA by NIQ, provided insight into Gen-Z's alcohol consumption patterns at this year's Bar Convent Brooklyn. His data-driven presentation shed light on the evolving landscape of young adult drinking habits. Key topics covered: ➝ Moderation trends: How Gen-Z is redefining responsible drinking ➝ Premiumization: The shift towards quality over quantity ➝ Spending habits: Where Gen-Z allocates their beverage budget ➝ Experiential bars: The rising demand for unique drinking environments ➝ Category shifts: Which alcohol types are gaining/losing favor ➝ Cannabis correlations: The interplay between alcohol and cannabis Watch here: https://hubs.li/Q02LZlPr0 #BCB #BeverageIndustry #GenZTrends #AlcoholMarket #ConsumerInsights

Shout-out to Park Street Supplier Relationship Manager, John Hernandez, for his great work achieving supplier excellence. Thanks for the kind words, Peter! To discuss importing, compliance, distribution, or back-office needs, please contact us at https://hubs.li/Q02LVG1S0 #SupplierSuccess #ParkStreetCompanies

Stay informed on e-commerce industry shifts from the last few years. Our E-commerce White Paper shares key acquisitions that are reshaping the alcohol digital retail landscape, including: ➝ 2020: GoPuff's strategic BevMo takeover ➝ 2021: ReserveBar expanding with Minibar ➝ 2023: Flaviar acquiring Wine-Searcher and BarCart ➝ 2024: Uber's entry into alcohol delivery with Drizly purchase ➝ Plus more partnerships and expansions transforming the sector Download our white paper here: https://hubs.li/Q02LFP5q0 #ECommerce #Acquisitions #Partnerships

Happy National Rum Day 🥃 To celebrate, let's toast to 2023's fastest-growing rum brands by volume according to the Beverage Information Handbook. The brands leading the category growth include: • Appleton (3.3% growth) • Planteray (5.5% growth) • Brugal (4% growth) • Ron Barcelo (2.8% growth) • Ron Zacapa (11.8% growth) These brands are redefining rum! Which one will you choose to celebrate? Cheers to growth and great taste! #NationalRumDay #RumBrands #BeverageAlcohol

The beverage alcohol industry operates on a unique three-tier system, ensuring fair competition and responsible distribution. This system also incorporates federal excise tax, state excise tax, and state sales tax. Here's a quick overview: Tier 1: Manufacturers (e.g., distilleries, wineries) 🏭 Tier 2: Wholesalers (e.g., distributors) 🚚 Tier 3: Retailers (e.g., bars, liquor stores) 🛒 Understanding this structure is crucial for anyone in or looking to enter the alcohol industry. Learn more here: https://hubs.li/Q02L9hNp0 #AlcoholIndustry #BusinessStructure #ThreeTierSystem

Did you know the Ready-to-Drink category is expected to grow by +12% in volume between 2022 and 2027, hitting $40bn by 2027 according to IWSR. Park Street University has provided all that you need to know on this hot, trending category, including videos on: 🎥 Creating an RTD: https://hubs.li/Q02L5w0L0 🎥 Premium Ingredients and Flavors in RTDs: https://hubs.li/Q02L5lWT0 🎥 Lessons Learned From Launching an RTD: https://hubs.li/Q02L5Gfy0 What RTD brand are you currently loving? Let us know in the comments! #ReadytoDrink #BeverageAlcohol #IWSR

Park Street University's exclusive white paper, "Alcohol E-Commerce Strategy in 2024," breaks down the various e-commerce models 🍻 1️⃣ White Label: Buy straight from brands' websites. Local retailers handle the behind-the-scenes. 2️⃣ Marketplace: One-stop digital liquor stores. Marketplace models are digital liquor stores at your fingertips. Browse, compare, and order from multiple brands in one place. 3️⃣ On-Demand: Same-day local delivery. Brands can boost visibility with targeted ads. Quick, easy, and convenient. Download our white paper here to learn more about the e-commerce models: https://hubs.li/Q02KXnkR0 #BeverageAlcohol #Ecommerce #SpiritShopping