Karen Gilchrist reveals a cocktail of challenges for global spirit makers, as tariffs and brand boycotts threaten their business strategies. Major companies face financial setbacks amid shifting consumer preferences towards lower-cost and no-alcohol options. While some analysts argue the downturn is cyclical, many suspect a structural change in consumption habits is underway. Discover more about these industry shifts and their implications: https://www.cnbc.com/2025/06/07/diageo-pernod-remy-global-spirit-makers-face-cocktail-of-challenges.html #SpiritsIndustry #Tariffs #Cognac #EconomicChallenges #Premiumization #SoberCurious #ConsumerTrends. Kudos to Gilchrist for this insightful piece!
Spirit makers face a sobering cocktail of challenges — from tariffs to teetotalers

Global spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits.

CNBC
The #retail #market in #China is projected to expand by USD 1192.7 billion between 2024 and 2028, growing at a compound annual #growth rate (#CAGR) of nearly 8.09%. This surge is fueled by the #premiumization of #products and a shift towards #online and #omni-channel #trade. However, challenges such as rampant #counterfeiting in the #premium #segment persist. Key players in this market include #Alibaba, #JD.com, #Walmart, #Suning, and #Pinduoduo. https://cnbusinessforum.com/chinas-retail-market-poised-for-rapid-growth-through-2028/
China’s Retail Market Poised for Rapid Growth Through 2028 | China B

China's retail market is set to grow by USD 1192.7 billion from 2024-2028, driven by premium products and omni-channel trade. Key players like Alibaba and JD.com lead this expansion. Learn about

China Business Forum

Oh premiumization, thou art a buzz
A force that the economy does discuss
More profits you bring
But prices you upswing
As the changing economy you must adjust

#economy #premiumization #gentrification #ode #poetry

https://www.nytimes.com/2023/03/04/business/economy/premium-prices-inflation.html

Why Companies Are Pushing Premium Products With Higher Prices

Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.

The New York Times