Scotch Whisky Industry Faces Perfect Storm
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Scotch whisky makers face a bleak future, with only 37% expressing optimism, far below the broader food and drink sectors 56%. Rising costs, including UK duty hikes, labor expenses, Trump tariffs, and market slumps in the US and China, are causing significant strain. Export numbers show a decline in shipments to America and overall Scotch exports. The Scotch Whisky Association warns of ten percent tariffs on UK goods heading to the US, increased spirits duty, new packaging taxes, and higher employer national insurance. Labor shortages are also a major concern, leading to a gloomy outlook for the industry.
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