Trade war with Canada has contributed to a significant decline in U.S. liquor sales
Jim Beam, one of the largest makers of American whiskey globally, is shutting down bourbon production at one of its Kentucky distilleries for a year.
The move comes amid Donald Trump’s trade war with Canada, which has contributed to a significant decline in U.S. liquor sales after the country ushered in a boycott of American booze, and as more young adults are cutting back on drinking.
Jim Beam, owned by Suntory Global Spirits, is one of Kentucky’s biggest bourbon producers.
The Bluegrass state’s $9 billion whiskey bourbon industry has been struggling to manage its abundant supply of liquor against the drop in demand.
I’m just saying that these huge conglomerates aren’t going to let something like a reduced production change the end product. They’re a holding company for a bunch of different brands, including Canadian, Irish, Scottish, and Japanese brands, and they will run whatever stills they need at whatever percent of capacity they need to meet their projected demand. Their other three American distilleries will still be churning out product, and if they do resume production you wouldn’t be able to know which bottle comes from which distillery.