“In mid-March, overnight, 20% of our business disappeared,” reported Ed Pilkington, chief marketing and innovation officer for North America at Diageo, the alcoholic drinks manufacturer.“And we had to adapt pretty quickly.”
That volume represented the
In thinking about these issues, the company could look at a bit of recent history. During the financial crises of 2000 and 2008, analyses demonstrated that spirits outperformed wine and beer.