Covid-19 Has Brought Big Wins and Tough Losses to the Alcohol Industry
Delivery services are up, while tasting rooms are down
Off-premise alcohol sales soar, as on-premise sales cease to exist.
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Key insights:
- When consumers adopt on-demand services, they tend to stay.
- Craft distilleries depend on foot traffic for sales.
The Covid-19 pandemic has been great for some companies, and catastrophic for others. That’s even the case within specific industries, as individual businesses encounter financial tailwinds or headwinds depending on their position.
