Your one-stop resource for the latest news and trends within the beverage alcohol industry
Every business collects, stores, and analyzes data. Our customers receive many invoices daily, each containing vital data that informs accurate inventory counts and purchasing decisions to maintain margins. Businesses use tools like accounting or back-office systems to keep track of the constant influx of invoice data, but that
2023 showed some positive trends in the restaurant space in multiple segments. Mastercard recently hosted a webinar diving into some of these areas using its SpendingPulse™ insights. SpendingPulse is a “macroeconomic indicator of retail sales based on actual, near real-time data across various sectors.” Let’s review some of
The alcohol industry has come a long way from traditional bartending, pickup truck deliveries, and cash transactions. Technological advancements continue to disrupt and transform how alcohol is ordered, purchased, served, and enjoyed. These alcohol technology solutions can optimize workflows, create margin-protecting opportunities, and more. In this blog, we
There is a rising star in the convenience store alcohol market – boxed wine. As of Q3 2023, boxed wine now accounts for 10.59% of total wine spending, up from 8.53% in Q4 2022. This growth underscores its popularity among consumers. Fintech’s data insights can help convenience store
September is “Bourbon Heritage Month,” and as America’s native spirit, it is certainly worth celebrating. The iconic spirit is rich in history and also quite successful in terms of revenue, volume, and exports within the U.S. spirits market. Let’s toast to bourbon and go over some of its
Convenience stores are showing some interesting signs of growth according to a report from Circana. Their data puts the YOY (year-over-year) convenience channel dollar sales growth at +4.7% in Q1 2023. It was previously sitting at +3.4% at the end of Q4 2022, so this positive trend
Kerry Group, a multinational public food company, recently developed two plant-based processing aids as part of its “Eco Range” collection. The collection offers brewers innovative solutions to reduce their environmental impact while still being able to create artfully crafted beer. These two aids – Biofine Eco and
According to the Distilled Spirits Council of the United States (DISCUS), the U.S. spirits market share has overtaken beer. From 2000 to 2022, the spirits revenue market share has gone from 28.7% to 42.1%. DISCUS reports that beer has a 41.9% market share. The organization recently held
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