Covid-19 will cause more damage than financial crisis

The ongoing coronavirus pandemic will have a “deeper and more long-lasting impact” on the global drinks industry than the 2008 financial crash, according to IWSR Drinks Market Analysis. Following the financial crisis more than a decade ago, changes to consumer demand affected the beverage alcohol industry. As the industry is once again under pressure, market analysis firm IWSR has assessed whether similar patterns could unfold following the Covid-19 pandemic. According to IWSR, both the financial…

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