AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Lax liquor prices1/17/2024 ![]() “We have to respond to this because the pressures have really increased,” Kunze-Concewitz said. In October, Campari CEO Bob Kunze-Concewitz told Bloomberg Television that the Italian firm will be “more aggressive” on pricing because of supply chain problems and higher shipping costs. 30 investor conference that “in the next three to six months, we’re probably going to see mid-single-digit inflationary pressures” because of factors including higher glass and shipping costs. “The spirits industry, like numerous others, is being impacted by shortages of glass, pallets, containers and drivers,” said Lisa Hawkins, senior vice president for public affairs at the Distilled Spirits Council of the United States.īig beverage companies have been warning that prices are headed up.Īt Constellation Brands Inc., whose brands include Corona and Modelo beers and Robert Mondavi wines, Chief Executive Bill Newlands said at a Nov. The litany of problems driving price increases has become familiar: a snarled supply chain causing delays and boosting shipping rates, higher fuel expenses and other costs, and shortages of bottles, cans and other materials. When it comes to supply problems or increased costs, Rosenbloom said, “I can smell it coming,” which helped the Ocean Park-area market stock up to avoid the worst of the year-end crunch. ![]() Rick Rosenbloom is like that neighborhood guy who always knows when it’s about to rain before anyone else does. He handles all alcoholic beverage stocking for his 89-year-old father, Bob, who opened the independent store in 1965. It’s even been a challenge for industry veterans such as Rosenbloom, 66. How they’re handling inflationĬalifornia’s small businesses waded through COVID to a rebound in consumer spending, only to face rising costs for supplies and wages. Business Sick of rising prices? Your neighborhood businesses are too.
0 Comments
Read More
Leave a Reply. |