{"id":51297,"date":"2020-08-21T18:27:00","date_gmt":"2020-08-21T15:27:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coronavirus-is-draining-craft-booze-makers-sales-study-claims\/"},"modified":"2020-08-21T18:27:00","modified_gmt":"2020-08-21T15:27:00","slug":"coronavirus-is-draining-craft-booze-makers-sales-study-claims","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coronavirus-is-draining-craft-booze-makers-sales-study-claims\/","title":{"rendered":"#Coronavirus is draining craft booze makers\u2019 sales, study claims"},"content":{"rendered":"

“#Coronavirus is draining craft booze makers\u2019 sales, study claims<\/strong>”<\/p>\n

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August 21, 2020 |<\/span> 11:27am |<\/span> Updated August 21, 2020 | 11:27am<\/span><\/p>\n

\n Enlarge Image<\/p>\n

\"Bottles<\/img>
\n Bottles of homemade liquor at a distillery in Portland, Maine. <\/span>
\n VW PICS\/Universal Images Group v<\/span><\/p><\/div>\n

\n The coronavirus pandemic has left craft booze makers with one big hangover, a new study says.<\/p>\n

The nation\u2019s craft distilleries expect to lose 41 percent of their sales now that the virus has made it harder to pour drinks for curious visitors, according to the Distilled Spirits Council of the United States.<\/p>\n

Small producers of spirits like whiskey and rum have suffered from restrictions to their on-site tasting rooms, where about 4 in 10 craft distillers get the majority of their business, the trade group said.<\/p>\n

With that key source of revenue strained, craft distillers expect more than $700 million in annualized sales to dry up when combined with the wholesale business they\u2019ve lost during the pandemic. They\u2019ve also had to furlough almost 31 percent of their staff \u2014 or 4,600 employees \u2014 because they can\u2019t afford to sustain such heavy losses.<\/p>\n

That\u2019s according to a survey conducted in June by the American Distilling Institute, a trade group for craft distillers, and analyzed by the Distilled Spirits Council. The study released Thursday \u201cmakes clear the extreme challenges these small businesses are facing and the need for Congress to immedia<\/a>tely act to help these cherished distilleries recover,\u201d spirits council president and CEO Chris Swonger said in a statement.<\/p>\n

Giant booze makers have also suffered amid widespread closures of restaurants and bars, but they have far more resources than craft producers to weather the crisis. Diageo, the British conglomerate behind Johnnie Walker scotch and Smirnoff vodka, reported a nearly $2.8 billion operating profit for the year ending June 30 despite an 8.7 drop in net sales.<\/p>\n

That\u2019s more money than the roughly $1.8 billion in revenues that America\u2019s craft distillers generated last year \u2014 $919 million of which came from on-site sales, according to the Distilled Spirits Council study.<\/p>\n

Small distillers also sell their products to bars, restaurants and retail stores, who raked in $3.1 billion in revenues from craft spirit last year, the group said. But pandemic has also dried up much of that money stream \u2014 more than 40 percent of craft distillers reported that their wholesale business is down at least 25 percent, the survey found.<\/p>\n

\u201cCraft distillers are a special community of men and women who entered this industry with a passion for spirits and a dream to build a craft distillery in their local town,\u201d American Distilling Institute president Erik Owens said in a statement. \u201cFor many, these dreams have been shattered in the blink of an eye.\u201d\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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“#Coronavirus is draining craft booze makers\u2019 sales, study claims” August 21, 2020 | 11:27am | Updated August 21, 2020 | 11:27am Enlarge Image Bottles of homemade liquor at a distillery in Portland, Maine. VW PICS\/Universal Images Group v The coronavirus pandemic has left craft booze makers with one big hangover, a new study says. The…<\/p>\n","protected":false},"author":1,"featured_media":51298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[56800,14877],"class_list":["post-51297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coronavirus-is-draining-craft-booze-makers-sales","tag-study-claims"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/51297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=51297"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/51297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/51298"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=51297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=51297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=51297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}