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

  Beer Serves America, a biennial report prepared for The Beer Institute and the National Beer Wholesalers Association, outlines the economic impact of the beer industry. The brewing industry is an integral part of the national economy, contributing billions of dollars in wages and taxes and creating millions

  Amazon is looking to its Amazon One palm-scanning tech to speed up the alcohol purchase process. No more standing in long lines to buy alcohol. You can now do it with a wave of your hand.   Amazon One’s Journey   Amazon One was officially launched in

NCAA’s March Madness is coming to an end this weekend in both the women’s and men’s divisions. If you are like most people, your bracket was blown up after the first round. Now you can sit back and enjoy the final games with an ice-cold beverage in hand.