Global Drinks Intel’s Post

“Efficiently exporting products remains a continual challenge...Restricting tariffs, shipment constraints and difficulties in finding suitable resource to navigate successful routes to market continue to pose significant risk to the industry... Businesses with the means to do so are establishing in-market operations to secure their supply chain and even smaller businesses are prioritising logistics to secure the future of their brand. Geopolitical tensions have impacted certain areas of trade however the ability to adapt and proactively reallocate stock accordingly has helped to ease negative effects... One of the other major impacts of global unrest has been the unprecedented rise in production costs both on the raw materials and energy required to produce Scotch whisky. As an energy-intensive industry, in some cases distillers have had to consider shut down periods to avoid monumental energy bills... Regardless of the many challenges that face Scotch, there has never been a more exciting time to be a part of such aniconic and inclusive industry.” Read more from Managing Director, Jennie Baernreuther below ⬇️

In August we noted the 20% decline in Scotch whisky export volumes in H1. Full year volumes were down by 19%. Value has been boosted by price inflation and 'drinking better'. Losing 25m cases is the equivalent of a world-leading brand disappearing. Is it temporary due to destocking? We're watching. With Martin Purvis #Scotch #Whisky #Exports #Market #Analysis

🍷🍇 Sip on this… U.S. businesses selling “export property” (e.g. wine) and turning a profit can use IC-DISCs to reduce tax liability. Export property includes items made in the U.S., held for sale for use, consumption or disposition outside the country, with no more than 50% value from imports. Wineries selling wine abroad and wholesale distributors selling to international markets (including Canada & Mexico) can both benefit from IC-DISCs.  With such a wide application, wine is just one example of one of the MANY distribution industries that should consider an IC-DISC. #Exports #ExportTax #USInternationalTax #ICDISC #InternationalExport #Manufacturing #ProductExport #TaxIncentives #WholesaleTrade #Distribution #Export #InternationalTrade #FoodAndBeverageExport #WholesaleFoodAndBeverage #Winery #Vineyard #WineDistribution

A great article that scratches the surface of the recently published SWA figures, it is a little more complex than just assessing the value and volume figures of 'Scotch' year on year. Fantastic to see 'Single Malt Scotch Whisky' exports surpass £2bn for the first time and a true testament to the quality of these liquids as stand alone, premium products, in a world that has historically been dominated by its blended counterpart. #singlemalt #scotch #whisky #independentbottling #indiebottler #scotland https://lnkd.in/e5V79QXE

The maker of Penfolds, Treasury Wine Estates is focused on the re-establishment of its Penfolds Australian portfolio in China following the removal of tariffs. As part of FY24 results the company told investors that it immediately began re-establishment in the fourth quarter, with strong shipment demand from customers and initial depletions in line with expectations. #manufacturing #australianmanufacturing #ASX #foodandbeverage #foodandbeverageindustry #foodanddrink #wineindustry #finance

New Flytta HMRC Trade Tariff Update for Wine Imports from South Africa, read our AI generated Summary on our website below 🍷🍷🇿🇦 🇿🇦 Use Flytta to ensure you keep up to date and are automatically applying the latest HMRC controlled updates in your customs declarations https://lnkd.in/eVNcQQwq #CDS #Wine #Imports #CHIEF #Customs #Brexit

Scotch whisky exports hit US$6.05B in 2023 despite global challenges  https://lnkd.in/d4bpcHaF #alcoholicbeverages #whisky #exports #scotchwhisky #globalmarket #beverages #beverageindustry #foodindustry #foodbusiness #foodbusinessafrica

SCOTCH WHISKY EXPORTS One of Scotland’s most important exports is whisky, and exports have soared in recent years amid growing demand for Scotch whisky in key markets such as the USA, France, Singapore, Taiwan, China and India. Distillers contributed £ 5.3 billion to the Scottish economy and £ 1.8 in the rest of the United Kingdom in 2022, according to the new report from the Scotch Whisky Association. Whisky production is the second most important industry, after energy, contributing three percent to the GDP. Mark Kent, CEO of the SWA, stated : ‘The Scotch whisky industry has once again proven its economic significance to the UK domestically and on the world stage, and these figures highlight the importance of backing a key sector for productivity, exports and employment.’ The industry has had a ‘turbulent’ five years, including the Covid-19 pandemic, Brexit and a trade battle between the UK and the USA. Yet, it has remained resilient with exports surging to £ 6.2 bn in the five years to December 31, 2022. However, the leaders of the industry warn that the sector faces significant headwinds as it seeks to maintain that growth in the years ahead. High taxes on spirits sales, a lack of infrastructure investment in Scotland and trade deals that still need to be finalized. Almost every country increases taxes on alcoholic beverages constantly to the detriment of employment and sales. Scotland is the most famous of all whisky-producing countries. Ireland, Japan, Taiwan, South Africa, France, China, India, the USA, Canada, and even Germany produce whisky but none has been able to come close to the flavour of Scotch whisky.

While the anti-alcohol cabal is the greatest long-term threat to the American wine industry, there is actually a more pressing, short-term threat. In this Free-to-everyone issue of the Fermentation Substack Newsletter, I discuss the potential of new tariffs on European wines, how it's likely to happen, and how it will impact the entire American wine industry.

Under federal regulations, the consignment sales provisions of the FAA Act, 27 U.S.C. 205(d), make it unlawful for an industry member (such as a producer, importer, or wholesaler of malt beverages, wines, or distilled spirits) to sell, offer for sale, or contract to sell to any trade buyer (a wholesaler or retailer), or for a trade buyer to purchase, offer to purchase, or contract to purchase any products:   (a) on consignment; or (b) under conditional sale; or (c) with privilege of return; or (d) on any basis other than a bona fide sale; or (e) where any part of the sale involves, directly or indirectly, the acquisition by the industry member of other products from the trade buyer or the agreement to accept other products from the trade buyer.   Sales “on consignment,” as that term is used above, are arrangements in which the trade buyer (i.e., a wholesaler or retailer) is under no obligation to pay for distilled spirits, wine, or malt beverages until they are sold by the trade buyer. See 27 CFR 11.22.   If you have questions as to whether a sale is a “consignment sale” visit https://www.ttb.gov/ for further information. #LiquorLawyer #Entrepreneurship #LegalServices #Law #DrinksIndustry #Regulations #AlcoholCompliance #WineIndustryAdvisor #AlcoholIndustryAdvisor #BeverageIndustry #SpiritsIndustry #AlcoholIndustry #TTB