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Alcoholic Drinks Will Suffer but Survive In Light of Coronavirus

Alcoholic Drinks Will Suffer but Survive In Light of Coronavirus

FromEuromonitor Podcasts


Alcoholic Drinks Will Suffer but Survive In Light of Coronavirus

FromEuromonitor Podcasts

ratings:
Length:
9 minutes
Released:
May 7, 2020
Format:
Podcast episode

Description

Although alcoholic drinks sales recorded a slight, short term uptick due to stockpiling before worldwide lockdowns, the industry will lose a massive number of sales due to the closing of bars and restaurants along with the cancellation of a number of sports leagues, concerts and festivals. As the global economy continues to spiral, premiumisation and craft in alcoholic drinks will suffer as consumers trade either down or across in their purchases. However, it's important to remember that alcoholic drinks is a resilient industry which has survived world wars, economic downturns and prohibition. The future may look different for the industry but by no means is this the end for alcoholic drinks.
Released:
May 7, 2020
Format:
Podcast episode

Titles in the series (100)

Euromonitor International talks about global market research affecting the world today with a look at the global economy, emerging markets, and consumer trends around the world.