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How major investments will shape alcohol e-commerce 9th April, 2021 by Nicola Carruthers
A side effect of the pandemic in the US has been the boom in alcohol e-commerce, with major firms such as Uber recognising its potential.
The Spirits Business analyses the latest investments in the sector and how they could shape the online space.
With major firms investing in Drizly and Reserve Bar, could more acquisitions in alcohol e-commerce follow?
It has been more than a year since the global Covid‐19 pandemic started, but one huge benefit has been the emergence of online shopping for alcohol. The boom has been of particular significance in the US, which is predicted to surpass China as the biggest online alcohol market by the end of 2021, according to a report from IWSR Drinks Market Analysis.
New Fund Will Provide Aid to Craft Distillers
Kent Rabish, founder of Traverse City Distillery in Michigan, will serve as board president for the newly created Spirit Hub Independent Distillery Preservation Fund.
Update 4/13/21: The Spirit Hub Independent Distillery Preservation Fund is now accepting grant applications from independent distillers. Those that qualify will be able to apply for up to $5,000 in funding. Applications can be found on the
It has been a particularly
difficult year for craft distilleries, as the closure of tasting rooms, bars, and restaurants due to COVID-19 has significantly impacted their revenue streams. In response, e-commerce site
Spirit Hub has announced a new nonprofit organization to provide financial assistance to independent craft distillers via grants.