In this episode, we review the latest earnings results from the spirits industry (Diageo, Pernod Ricard, Brown-Forman, Campari, Rémy Cointreau, Becle, and MGP Ingredients). Alongside individual company results, we discuss the impacts of declining sales in the US, the surprising health of the European market, the challenges created by aging inventory and wholesaler inventory, an evolution in pack and pricing strategy, the severe impact of a retaliatory Chinese anti-dumping investigation into cognac, and, of course, the fallout from the Trump-initiated trade wars with the US, Mexico, Canada and the European Union.  Contact us via email: <a href= "mailto:bourcard.nesin@rabobank.com">bourcard.nesin@rabobank.com</a> Sign up for our research via this link: <a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C5edcdd0e6607489f4c2508dd664729b7%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638779178062338606%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=XAylk%2BmS8rzTYnZ%2BbWYQgXTJOrx6UvEkbIBFIjqs%2FZE%3D&reserved=0"> Knowledge.Rabobank.com</a> Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services This episode was recorded on March 6, 2025. Things may have changed by the time you are listening to this podcast.

<description>&lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;span lang= "EN-US" style="mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;In this episode, we review the latest earnings results from the spirits industry (Diageo, Pernod Ricard, Brown-Forman, Campari, Rémy Cointreau, Becle, and MGP Ingredients). Alongside individual company results, we discuss the impacts of declining sales in the US, the surprising health of the European market, the challenges created by aging inventory and wholesaler inventory, an evolution in pack and pricing strategy, the severe impact of a retaliatory Chinese anti-dumping investigation into cognac, and, of course, the fallout from the Trump-initiated trade wars with the US, Mexico, Canada and the European Union. &lt;/span&gt;&lt;/p&gt; &lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;span lang= "EN-US" style="mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Contact us via email:&lt;/span&gt; &lt;span lang="EN-US" style= "mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;&lt;a href= "mailto:bourcard.nesin@rabobank.com"&gt;bourcard.nesin@rabobank.com&lt;/a&gt;&lt;br /&gt; Sign up for our research via this link: &lt;a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&amp;data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C5edcdd0e6607489f4c2508dd664729b7%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638779178062338606%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=XAylk%2BmS8rzTYnZ%2BbWYQgXTJOrx6UvEkbIBFIjqs%2FZE%3D&amp;reserved=0"&gt; Knowledge.Rabobank.com&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="xmsonormal"&gt;&lt;span lang="EN-US" style= "mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services This episode was recorded on March 6, 2025. Things may have changed by the time you are listening to this podcast.&lt;/span&gt;&lt;/p&gt;</description>

In this episode, we review the latest earnings results from the spirits industry (Diageo, Pernod Ricard, Brown-Forman, Campari, Rémy Cointreau, Becle, and MGP Ingredients). Alongside individual company results, we discuss the impacts of declining...

Latest spirits industry earnings: Trade wars, falling consumption, and excess inventories

As the first quarter comes to a close, we look back at the results from the largest global beer companies (Heineken, Carlsberg, AB InBev, Molson Coors, Constellation Brands, Royal Unibrew) and what they tell us about the health of the beer industry in the US, Europe, and the rest of the world. Later in the episode, we breakdown the potential impact of Trump administration tariffs for companies across the beverage alcohol industry.  Contact us via email: <a href= "mailto:bourcard.nesin@rabobank.com">bourcard.nesin@rabobank.com</a> Sign up for our research via this link: <a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7Cf5aec23f44194e12733408dd60cd4ba5%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638773157098367910%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=7TvMwz5rqzqIjHi8e59260DDFwI3WxxwsxD2J2reZdM%3D&reserved=0"> Knowledge.Rabobank.com</a> Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services. This episode was recorded on March 6, 2025, and as such, things may have changed by the time you listen to this podcast.

<description>&lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;span lang= "EN-US" style="mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;As the first quarter comes to a close, we look back at the results from the largest global beer companies (Heineken, Carlsberg, AB InBev, Molson Coors, Constellation Brands, Royal Unibrew) and what they tell us about the health of the beer industry in the US, Europe, and the rest of the world. Later in the episode, we breakdown the potential impact of Trump administration tariffs for companies across the beverage alcohol industry. &lt;/span&gt;&lt;/p&gt; &lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;span lang= "EN-US" style="mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Contact us via email:&lt;/span&gt; &lt;span lang="EN-US" style= "mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;&lt;a href= "mailto:bourcard.nesin@rabobank.com"&gt;bourcard.nesin@rabobank.com&lt;/a&gt;&lt;br /&gt; Sign up for our research via this link: &lt;a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&amp;data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7Cf5aec23f44194e12733408dd60cd4ba5%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638773157098367910%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=7TvMwz5rqzqIjHi8e59260DDFwI3WxxwsxD2J2reZdM%3D&amp;reserved=0"&gt; Knowledge.Rabobank.com&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="xmsonormal"&gt;&lt;span lang="EN-US" style= "mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services. This episode was recorded on March 6, 2025, and as such, things may have changed by the time you listen to this podcast. &lt;/span&gt;&lt;/p&gt;</description>

As the first quarter comes to a close, we look back at the results from the largest global beer companies (Heineken, Carlsberg, AB InBev, Molson Coors, Constellation Brands, Royal Unibrew) and what they tell us about the health of the beer industry in...

What we learned from the latest round of beer company earnings reports

For distributors, managing and verifying execution and incentive programs is a complicated task. For brands, it can feel impossible. In this episode, we speak to Cory Knopp from GoSpotCheck by FORM to discuss how distributors, brands, and retailers are using their photo-based technology to bring data and transparency to one of the most hard-to-measure and burdensome parts of the business. This is the final of four episodes recorded on-site at Access LIVE, the annual conference hosted by Wine & Spirits Wholesalers of America.   Contact us via email: <a href= "mailto:bourcard.nesin@rabobank.com">bourcard.nesin@rabobank.com</a> Sign up for our research via this link: <a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7Cccaa4e92222043b947d908dd56bbb225%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638762086370378243%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=VZqPTzY2dxIoYryCPRHcwX4L6yJ8N%2FQsRgXDbMC%2B9c4%3D&reserved=0"> Knowledge.Rabobank.com</a> Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services

<description>&lt;p class="xxxmsonormal" style="margin-bottom: 12.0pt;"&gt;For distributors, managing and verifying execution and incentive programs is a complicated task. For brands, it can feel impossible. In this episode, we speak to Cory Knopp from GoSpotCheck by FORM to discuss how distributors, brands, and retailers are using their photo-based technology to bring data and transparency to one of the most hard-to-measure and burdensome parts of the business. This is the final of four episodes recorded on-site at Access LIVE, the annual conference hosted by Wine &amp; Spirits Wholesalers of America.&lt;/p&gt; &lt;p class="xxxmsonormal" style="margin-bottom: 12.0pt;"&gt; &lt;/p&gt; &lt;p class="xxmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;em&gt;Contact us via email:&lt;/em&gt; &lt;a href= "mailto:bourcard.nesin@rabobank.com"&gt;&lt;em&gt;bourcard.nesin@rabobank.com&lt;/em&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="xxmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;em&gt;Sign up for our research via this link:&lt;/em&gt; &lt;a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&amp;data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7Cccaa4e92222043b947d908dd56bbb225%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638762086370378243%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=VZqPTzY2dxIoYryCPRHcwX4L6yJ8N%2FQsRgXDbMC%2B9c4%3D&amp;reserved=0"&gt; &lt;em&gt;Knowledge.Rabobank.com&lt;/em&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="xxmsonormal"&gt;&lt;em&gt;Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services &lt;/em&gt;&lt;/p&gt;</description>

For distributors, managing and verifying execution and incentive programs is a complicated task. For brands, it can feel impossible. In this episode, we speak to Cory Knopp from GoSpotCheck by FORM to discuss how distributors, brands, and retailers...

How to monitor and verify retail execution, featuring GoSpotCheck

Jenda is a US-based tech company that uses retailer website data to offer real-time updates on out-of-stocks, competitive set, and pricing at an outlet level. Jenda’s Amanda Wolff and Harry Shulman share how they are helping brands and distributors solve some of the industry’s most persistent and frustrating problems. This is the third of four episodes recorded on-site at Access LIVE, the annual conference hosted by Wine & Spirits Wholesalers of America.   Contact us via email: <a href= "mailto:bourcard.nesin@rabobank.com">bourcard.nesin@rabobank.com</a> Sign up for our research via this link: <a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C0b855cbbe2bb43a1e35108dd54fc8158%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638760165820417148%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=SW8CDm9LohRuE9Mn9rv4PE%2B%2FTAPjz9DUnBPdFAa9T34%3D&reserved=0"> Knowledge.Rabobank.com</a> Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services

<description>&lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;Jenda is a US-based tech company that uses retailer website data to offer real-time updates on out-of-stocks, competitive set, and pricing at an outlet level. Jenda’s Amanda Wolff and Harry Shulman share how they are helping brands and distributors solve some of the industry’s most persistent and frustrating problems. This is the third of four episodes recorded on-site at Access LIVE, the annual conference hosted by Wine &amp; Spirits Wholesalers of America.&lt;/p&gt; &lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt; &lt;/p&gt; &lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;em&gt;Contact us via email:&lt;/em&gt; &lt;a href= "mailto:bourcard.nesin@rabobank.com"&gt;&lt;em&gt;bourcard.nesin@rabobank.com&lt;/em&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;em&gt;Sign up for our research via this link:&lt;/em&gt; &lt;a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&amp;data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C0b855cbbe2bb43a1e35108dd54fc8158%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638760165820417148%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=SW8CDm9LohRuE9Mn9rv4PE%2B%2FTAPjz9DUnBPdFAa9T34%3D&amp;reserved=0"&gt; &lt;em&gt;Knowledge.Rabobank.com&lt;/em&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="xmsonormal"&gt;&lt;em&gt;Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services &lt;/em&gt;&lt;/p&gt; &lt;p class="xmsonormal"&gt; &lt;/p&gt;</description>

Jenda is a US-based tech company that uses retailer website data to offer real-time updates on out-of-stocks, competitive set, and pricing at an outlet level. Jenda’s Amanda Wolff and Harry Shulman share how they are helping brands and distributors...

Using data-driven execution to eliminate out-of-stocks and more, feat. Jenda

Craig Letton and his company, Hyble, spent a decade refining the art of creating menus and point-of-sale materials across Europe. As his business expands across the US, Craig shares how Hyble is modernizing the production and design of point-of-sale materials and explains why so many of the strategies and technologies being adopted in the US have been standard practice among European brands and wholesalers for years. This is one of four episodes recorded onsite at Access LIVE, the annual conference hosted by Wine & Spirits Wholesalers of America. Contact us via email: <a href= "mailto:bourcard.nesin@rabobank.com">bourcard.nesin@rabobank.com</a> Sign up for our research via this link: <a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C36fc8315e7074385850c08dd50f328e9%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638755728216071902%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=HiJ9eqJ2uACqdDhliPANvKRCnOCli6lCq3e1rSaXgcg%3D&reserved=0"> Knowledge.Rabobank.com</a> Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services

<description>&lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;span lang= "EN-US" style="mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Craig Letton and his company, Hyble, spent a decade refining the art of creating menus and point-of-sale materials across Europe. As his business expands across the US, Craig shares how Hyble is modernizing the production and design of point-of-sale materials and explains why so many of the strategies and technologies being adopted in the US have been standard practice among European brands and wholesalers for years. This is one of four episodes recorded onsite at Access LIVE, the annual conference hosted by Wine &amp; Spirits Wholesalers of America.&lt;/span&gt;&lt;/p&gt; &lt;p class="xmsonormal" style="margin-bottom: 12.0pt;"&gt;&lt;span lang= "EN-US" style="mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Contact us via email: &lt;a href= "mailto:bourcard.nesin@rabobank.com"&gt;bourcard.nesin@rabobank.com&lt;/a&gt;&lt;br /&gt; Sign up for our research via this link: &lt;a href= "https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Faccounts.rabobank.nl%2Fuam%2Fsignups%2Femail%2Fsignup&amp;data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C36fc8315e7074385850c08dd50f328e9%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638755728216071902%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=HiJ9eqJ2uACqdDhliPANvKRCnOCli6lCq3e1rSaXgcg%3D&amp;reserved=0"&gt; Knowledge.Rabobank.com&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="xmsonormal"&gt;&lt;span lang="EN-US" style= "mso-ansi-language: EN-US;" xml:lang="EN-US"&gt;Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services &lt;/span&gt;&lt;/p&gt;</description>

Craig Letton and his company, Hyble, spent a decade refining the art of creating menus and point-of-sale materials across Europe. As his business expands across the US, Craig shares how Hyble is modernizing the production and design of...

US wholesalers are looking more European, from point of sale to online selling, featuring Hyble

Rabobank’s global beverage team offers insights, analysis, and a bit of entertainment for your morning commute. Liquid Assets will help you tackle the latest trends, introduce you to industry leaders, and prepare you for what’s next in the beverage world.

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