The Economic Impact of Craft Spirits

“CRAFT SPIRITS PRODUCERS SOLD NEARLY 6 MILLION CASES LAST YEAR ALONE
Craft Producer Distillery Growth, Job Growth, Export Growth, and Volume Growth Among Key Highlights at Annual U.S. Craft Spirits Industry Briefing

NEW YORK, NY (October 24, 2017) – The American Craft Spirits Association (ACSA), Park Street, and the IWSR today presented highlights from the 2017 Craft Spirits Data Project (the Project) at the Second Annual Craft Spirits Economic Briefing at Kings County Distillery in New York. The Craft Spirits Data Project, which was first introduced in 2016, is a first-of-its-kind research initiative that aims to provide a solid and reliable fact base for evaluating performance and trends in the U.S. craft spirits industry.

The ongoing Project, which seeks to quantify the number, size, and impact of craft spirits producers in the U.S., is an effort led by ACSA, Park Street, and the IWSR, with collaboration from key government and industry organizations, including the U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB), the National Alcohol Beverage Control Association (NABCA), American Beverage Licensees (ABL), and the Wine & Spirits Wholesalers of America (WSWA)…”

Click here to view the full press release & key findings/highlights on www.AmericanCraftSpirits.org

>>Download the details Craft Spirits Data project HERE<<

All information, images, and links provided in this post came directly from www.AmericanCraftSpirits.org

“ABOUT ACSA

The American Craft Spirits Association is the only registered non-profit trade association representing the U.S. craft spirits industry. Its mission is to elevate and advocate for the community of craft spirits producers, and membership in ACSA is open to anyone.

ACSA is governed by a Board of Directors elected by the eligible voting members of the Association. Voting members must be independent, licensed distillers (DSPs) annually removing fewer than 750,000 proof gallons from bond (the amount on which a Federal Excise Tax is paid), and who subscribe to ACSA’s Code of Ethics.

ABOUT PARK STREET

Park Street delivers productivity-enhancing and cost-saving back-office solutions, advisory services, and working capital to more than 5,000 alcoholic beverage brands from the U.S. and around the world. Established in 2003, the company provides a fast and reliable conduit to the U.S. and E.U. markets and a cost-effective operating platform. Park Street works with suppliers at all stages of growth and its clients range from entrepreneurial craft distillers to multi-brand global platforms.

The firm’s major practice areas are 1)Back-Office Solutions, including regulatory compliance, logistics, national importing, distribution, warehousing, order-fulfillment, accounting, customer service, and more; 2)Advisory Services, including business building, route-to-market planning, organization effectiveness, strategic partnerships, joint ventures, negotiation support, and more; 3)Working Capital Solutions, including accounts receivable, financing, revolving credit facilities, term loans secured by accounts receivables and other assets, guarantees, and letters of credit. With its extensive expertise in the alcoholic beverage sector, Park Street provides clients comprehensive, turn-key solutions across its practice areas, all within the context of exceptional professional service delivery. For additional information, please visit www.parkstreet.com

ABOUT THE IWSR

The IWSR is the leading source of data and analysis on the beverage alcohol market. IWSR is the longest-running research company specializing exclusively in global alcoholic drinks. The IWSR’s comprehensive database quantifies the global and local market of wine, spirits, beer, cider and prepared cocktails by volume and value, and provides insight into short- and long-term trends.

The IWSR’s methodology is unique. It is the only research company to annually visit distributors, importers, producers, retailers and duty-free operators in each market. This allows the IWSR to better understand market dynamics, real consumption figures, and to explain why certain trends occur. The IWSR conducts face-to-face interviews with 1,500 companies in 118 countries each year, with further input from 350 companies. It provides more detail on more brands, across more countries, than any other source. The IWSR produces several special reports each year; for more details, please visit www.theiwsr.com