Search For "demand slump"
Global spirits industry drowning in a $22 billion inventory glut after COV
Updated : 1 month, 3 weeks ago IST
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.
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India's power demand slips 5.2% in October amid unseasonal rains: Report
Updated : 4 months ago IST
India's power demand slumped 5.2 per cent year-on-year in October 2025, dragged down by unseasonal rainfall and lower temperatures that reduced the need for cooling loads, according to a power sector update by Nuvama Research
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Indian diamond industry faces continued struggles amid demand slump and ta
Updated : 8 months, 3 weeks ago IST
India's cut and polished diamond (CPD) industry is set for another challenging fiscal year, with the recent report ICRA projecting a 7-10 per cent decline in exports in FY2026, following a 17% contraction in FY2025, weighed down by weak global demand and increasing competition from lab-grow
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Air cargo demand slumps in Feb as COVID-19 takes hold
Updated : 5 years, 11 months ago IST
Geneva [Switzerland], Apr 2 (ANI): The International Air Transport Association (IATA) has released February data for global air freight markets showing that demand measured in cargo tonne kilometres (CTKs) decreased by 1.4 per cent compared to the same period in 2019.
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Local oil refineries in Pakistan close as demand slumps during COVID-19 lo
Updated : 5 years, 11 months ago IST
Islamabad [Pakistan], April 1 (ANI): Attock Refinery Limited has closed down its largest plant, which is capable of refining a minimum of 26,000 barrels of crude oil per day (bpd), over the lack of demand in the country.
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