Economic Headwinds Lead to Falling Wine Sales and Overflowing Inventories While Spirits Producers Find Growth in Changing Consumer Tastes
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Analysts forecast challenging times ahead for alcohol industry due to economic factors like inflation and consumer debt.
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Wine sales continue to decline, while RTD spirits show growth. Tequila driving spirits growth.
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Wholesaler inventories at historic highs due to decreased consumer and retailer demand.
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SipSource Forecasting provides data-driven tools for sales projections by combining multiple data sources.
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Diverse consumers embraced more spirits than wine; industry needs to account for changing tastes.