Jim Beam Halts Production Amidst Rising Bourbon Inventory, Blames Trade Policies and Boycotts
Jim Beam, a prominent Kentucky bourbon producer, is set to temporarily halt production at its main distillery starting January 1st due to a combination of factors. These factors include an oversupply of aging barrels in Kentucky, which is taxed by the state, and the ongoing uncertainties of trade wars. While the main distillery pauses, production will continue at other Jim Beam facilities, with no announced layoffs. The company is also navigating the challenges posed by retaliatory tariffs and fluctuating consumer spending, which are impacting the whiskey industry as a whole.
John Q. Hosedrinker