We have seen people rushing to procure their basic essentials when the social distancing and limitations were announced across the United States. The demand and supply for them are expected to shoot up, naturally.
However, it’s interesting that people tried to stock up not only the basic essentials but also wine, beer, spirits, cocktails, canned gin, spiked lemonade etc. leading to more than 100% boost in the sales of these alcoholic drinks and beverages.
So, the alcohol industry across the United States is booming due to this coronavirus pandemic period. Even those brands and drinks whose sales have been on a decrease in the previous years had increased, surprisingly.
Though bars and restaurants are closed, retailers are running deliveries to people who are stuck at home to supply alcoholic drinks. Make hay while the sun shines, huh!
When there is a lot of time in hand, people naturally want to spend time boozing and watching their favourite programs and that’s the main reason for the big boost up for the alcohol market, right now.