The global spirits industry is drowning in a $22 billion inventory glut, with top producers like Diageo and Pernod Ricard struggling to manage record stockpiles. This oversupply crisis stems from a post-pandemic demand slump and over-production during the 2021-2022 boom.
Alcoholic beverage (alcobev) manufacturers in the country will see revenue grow 8-10 per cent to Rs 5.3 lakh crore in fiscal 2026, keeping up momentum after a compound annual growth rate (CAGR) of 13 per cent over the three preceding fiscals, market intelligence firm Crisil Ratings.
Panaji (Goa) [India], July 23 (ANI/Digpu): Goa, a state considered by many to be a teeming hotspot for tourists the world over, saw a sharp decline in visitors this past year owing to lockdowns imposed due to the Covid-19 pandemic.
Chandigarh (Haryana) [India], Apil 14 (ANI): Alcohol production in Haryana has begun at full capacity to ensure a stable supply of the commodity which is used for manufacturing hand sanitisers and that two lakh proof litre is being transported to various states every day, state's Deputy Chie
Washington D.C. [USA], Sep 08 (ANI): Beware! A team of researchers has recently claimed that in a bid to protect its profits, alcohol industry is misleading the public by downplaying and misrepresenting the link between alcohol and cancer - especially breast cancer.