Home » today » News » The beverage industry has a hell of a hangover The beverage industry has a hell of a hangover June 2, 2020 by world today news Swiss While sales of beer held up fairly well during the pandemic, sales of wine and hard liquor plummeted. – The prolonged lack of alcohol sales in cafes and restaurants weighed heavily. –Key –Keystone / pretext image – The fashion for online aperitifs was far from enough to compensate for the shortfall caused by the Covid-19 crisis. Wine sales were the hardest hit, plummeting 35% according to the Swiss Wine Trade Association. Spirits producers barely fared better, with their umbrella organization reporting a 25% drop. – Beer sales suffered less, dropping 5.9% at the end of April from a year earlier. But the summer promises to be difficult for this market with the cancellation of events that generate large turnover, such as festivals. – And it’s probably not over According to a nationwide survey relayed by the “NZZ am Sonntag”, two-thirds of the beverage companies interviewed complained of a deterioration in their economic situation. Loss of income varies from a few percent to over 90%. The reason is explained above all by the different distribution of the share of sales in catering and retail. To explain this deterioration, “the slow opening of restaurants and the ban on major events” are pointed out. – The companies questioned therefore still expect an average drop in sales of 35% over the next two months. In the same proportion, they fear liquidity problems. A quarter of respondents even expect layoffs, while about half of them are on short-time working. – ((ats / laf) – Related posts:Equities New York Close: Recovery rally in the tech sector continuesIn the Rivne region, the son found in the yard the body of the murdered father and the dead puppy"You are right. We experience it too »- VGLast minute ... FETÖ operations in 21 provinces: 70 detention warrantsShare this:FacebookX Related There is no evidence that the epidemic is slowing down, says WHO Prince William reaches his limits with kids George and Charlotte Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed. Search for: