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Dear Client: Suntory told the industry a couple of years ago that it intends to build a $3 billion global RTD business by 2030. To hear the company’s global RTD chief tell it, the company is only getting warmed up. Their goal is no less than becoming the no. 1 RTD company in the world. We caught up with Davin Nugent to talk about where the fast-growing -196 RTD is landing in the U.S., what’s next for the On The
Beer Continues to Lead Bev Alc Price Increases in June
Dear Client: Bev alc pricing continued to tick higher in June, with beer once again doing much of the lifting. Indeed, the latest Consumer Price Index from the U.S. Bureau of Labor Statistics shows beer at home rose 3.1% in June, up from 2.9% in May and marking its strongest showing since September 2024, when the category was up 3.5%. Beer’s 3.1% increase at home led all bev alc segments in the off-premise, while its 3.1% gain away from home
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