Scotch Whisky Demand
Scotch Whisky Demand
2011-12-05 Joe Satran / The Huffington Post
The Scotch whisky industry is like the Titanic. It's big, famous, awash in money and sees a lot of action in the North Atlantic. The Scotch whisky industry and the Titanic also share a marked difficulty responding quickly to adversity. In the case of the Titanic, this was a product of the ship's huge size and consequent momentum; any James Cameron fan can tell you that this momentum made it difficult to avoid icebergs. The whisky industry's lassitude, on the other hand, is a function of its product's long aging times. The Glenfidditch or Johnnie Walker Blue you buy at your local liquor store was originally produced over a decade ago, and then laboriously aged in oak casks. This lengthy maturation process means that a spike in demand for whisky can't immediately be offset by a commensurate increase in supply. According to the Guardian, Scotch demand is spiking right now, thanks to an expansion of the Asian and Latin American middle class and a gradual reduction in import tariffs on whisky. These factors have led some in the industry to fear a serious shortage in the whisky supply -- one that will be hard, if not impossible, to address in the near term. Another factor that may contribute to the problem, at least down the road, is last year's drought in Scotland. Last summer, producers in Islay reported difficulty getting enough fresh water to make the mash that eventually becomes Scotch whisky. It's hard to tell how much drinkers should be worrying about the possibility of a shortage, though. Producers have been sounding the alarm for years -- could they be crying wolf to try to justify higher prices?
Claims:
The copyrights of articles in the website belong to authors. Please inform us if there is any violation of intellectual property and we will delete the articles immediately.
Relevent Information
more »
» Predicted growth for India's dairy and soy food sector
» Global breakfast drinks market to reach US$83.83 billion by 2026 » Aussie oat noodles target Chinese market » Aussie fresh vegetable exports grow to $281m » Snack Food Market Expected Growth to $220 Billion by 2025 » Chocolate Market to Grow at CAGR of Nearly 7% by 2023 » Quality is king in China’s infant formula market, research shows » Predicted growth for APAC functional dairy products » Online alcohol sales are increasing » Coca-Cola buys France’s Tropico to grow in the fruit drinks market |
Hot Topic
|
Chinese Food Industry Magazine
TEL:886-2-28941823 FAX:886-2-28941837 E-mail:viya@foodsourcings.com
Copyright Notice © 2010 Foodsourcings All rights reserved.
Powered by Foodsourcings & Chinese Food Industry Magazine