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Weekly Update Week 20: May 17th – 21st

May 25, 2021

Operations Update

Continued Demand for Cargo Shipping: 10 Year High
Demand for shipping reaches historic highs.  According to the IHS Purchasing Managers’ Index for the US, this has been the largest expansion of the manufacturing sector since 2007.  Globally, manufacturing reached a 10 year high in March and global export orders rose to 53.4 in February.

North America
New York, Los Angeles / Long Beach, Oakland and Seattle continue to see high levels of congestion at the terminals.

Europe
The influx of orders has not eased at all on the transatlantic; vessels are sailing completely full from all areas of Europe to North American ports and there is still a backlog.

Tariff Updates
Suspensions of the additional 25% tariff set to expire July 4th (UK) and July 11th (European Union) unless an agreement can be reached. NASA continues to work with industry organizations advocating for the removal of tariffs on industries not associated with the Boeing-Airbus trade dispute.

EU will not double tariffs on American Whiskeys on June 1st, 2021. Read USTR Press Release.

News to Know

 

11 wine and spirits distributor executives share the purchasing trends they are seeing—and how they predict the rebound will play out across the U.S. What Wholesalers’ Inventory Depletions Reveal About Industry Recovery.

 

People are drinking more wine. See how much more.

 

It’s not yet Memorial Day, but the Winter holidays should be on your minds. With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans. Time to start prepping for Christmas shipping capacity crunch.

 

Did you ever hate a wine, but couldn’t say so? Just how frank can we be when it comes to matters of taste?

 

Producers of white spirits are using aromatic and flavorful botanicals—fruits, nuts, seeds, flowers, roots, barks, herbs, and spices—to create new cross-category spirits. The Unconventional New World of Botanical Spirits

 

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