Scotch Whisky Shortages Feared As Asian And Latin American Demand Rises
The Huffington Post Joe Satran
First Posted: 12/ 2/11 12:23 PM
The Scotch whisky industry is like the Titanic. It's big, famous, awash in money and sees a lot of action in the North Atlantic. The Scotch whisky industry and the Titanic also share a marked difficulty responding quickly to adversity.
In the case of the Titanic, this was a product of the ship's huge size and consequent momentum; any James Cameron fan can tell you that this momentum made it difficult to avoid icebergs. The whisky industry's lassitude, on the other hand, is a function of its product's long aging times. The Glenfidditch or Johnnie Walker Blue you buy at your local liquor store was originally produced over a decade ago, and then laboriously aged in oak casks. This lengthy maturation process means that a spike in demand for whisky can't immediately be offset by a commensurate increase in supply.
According to the Guardian, Scotch demand is spiking right now, thanks to an expansion of the Asian and Latin American middle class and a gradual reduction in import tariffs on whisky. These factors have led some in the industry to fear a serious shortage in the whisky supply -- one that will be hard, if not impossible, to address in the near term.
http://www.huffingtonpost.com/2011/12/0 … 25621.html
now this is a problem.. Is anyone afraid of running out of Scotch?
hmm...not on my grocery list but is there a way to make whisky at home?
Also, will gin be limited? Chambord? Perhaps we need to cook up some hubs that tell us how to make our own and same money?
as you might be able to tell from my Hub on the subject, I have approximately 200 bottles of Crown Royal hidden in my basement, should just such a shortage occur
Greek One----- How about a tasting party for your fellow Hubbers? LOL!
Greek One ,are you looking to make a killing on a bid war?
In a few months ,you may be able to post them on Ebay to the highest bidder and make much bucks!
Costco has plenty of scotch in stock:) I saw a similar report that Asian demand was driving pecan prices up 20% this Thanksgiving.
i have also stored my nuts for a rainy day as well!
The drought in Texas has .....made it to where none of the local trees that I pick up pecans from are producing this year.
They sometimes only produce every other year, and this was the year for most of them to produce.....but they've not had enough water. :-/
An interesting theory. The whisky producers here in Scotland do have huge stockpiles available at any one time but I suppose an unprecedented level of demand could soon cause them to diminish. From a purely selfish point of view, I am hoping that in the event of any future shortage, priority would be given to the locals - even though the level of duty on spirits in the UK makes whisky more expensive in Scotland than it generally is overseas! When I visit Germany, I stock up on my national drink at huge price savings.
If you do happen to find yourself running short, don't worry. I am totally corruptible and attempted bribery is always welcome!
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