""We are always assessing production levels to best meet consumer demand and recently met with our team to discuss our volumes for 2026," a spokesperson of Suntory Global Spirits, parent company of Jim Beam, told Business Insider in a statement. The spokesperson did not address whether the change is due to tariffs or counter-tariffs. The company said a separate distillery in Boston, Kentucky, will continue to operate and that the company is in communication with the union."
"Between 2003 and 2023, American whiskey sales in the US alone reached 31 million nine-liter cases, up about 132 % since 2003, according to the Distilled Spirits Council of the United States. Starting from 2024, sales began to slip. DISCUS attributed the 1.1% decline to high prices and consumer strain in a February press release, and headwinds only grew stronger in 2025."
Jim Beam will halt bourbon production at its Clermont, Kentucky distillery for one year while a separate Boston, Kentucky distillery continues operating. The company met with its team to discuss volumes for 2026 and is in communication with the union. The Clermont site produces Knob Creek and Old Overholt Rye Whiskey. The distilled spirits industry is experiencing declining demand both overseas and domestically. American whiskey sales grew substantially between 2003 and 2023 but began slipping from 2024; DISCUS cited high prices and consumer strain for a 1.1% decline. Brown-Forman reported a 62% decline in Canadian net sales driven by volumetric declines.
Read at Business Insider
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