Why These Are Sobering Times for Alcohol Companies
· Financial Post
(Bloomberg) — For years, alcohol companies counted on steady global demand as drinking remained deeply woven into social life and consumer culture. But today, health concerns and tighter household budgets are prompting people to drink less. The shift is rippling through the drinks industry, wiping hundreds of billions of dollars from the market value of major beer, wine and spirits companies and forcing producers to cut costs, replace executives and roll out new offerings. Here’s what’s driving the decline in alcohol consumption, where it’s most pronounced, and how the industry is adapting to what may be a new norm. Read More
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