...Alcohol Industry In India Indian Spirits Sector - Overview Indian Liquor Industry with estimated market value of INR 340 bn is growing at 12-15% over the last two years. The industry is estimated to have sold 115 mn cases of IMFL last year. The sector is expected to maintain its CAGR of ~15% while the premium segment Wine and Vodka is expected to grow at a higher rate. With consolidation and foreign acquisitions gaining steam the sector is about to witness next phase with realization rising in line with that of their foreign counterparts. There are 325 distilleries in India, with an installed capacity of about 3.58 billion litres of liquor. However, production rate is about 40% of total licensed capacity as total requirement of liquor stands at 1.3 billion liters. Major National Players United spirits with about 60 % of market share in IMFL is the undisputed leader. Radico Khaitan who entered the IMFL space some 8 years back has already cornered 12 % market share and gaining. Other players include Mohan Meakin (9%), Jagatjit (8.5%), etc. International players The major international players are Pernod Richard, Remy Cointreau, and Diageo (Diageo has tied up with Radico for entering Indian markets in brown spirits) Investment Rationale Inherent Potential, Deregulation, western cultural influence and high entry barriers has helped the industry in notching up higher sales growth. Alcohol sale is driven by the high GDP growth and more people entering the drinking club...
Words: 3039 - Pages: 13
...Single Malt Scotch Whiskey HADM 3500 - Spring 2015 Chris Vanderkleed History of Whisky (read best with a glass of Lagavulin 16) Whisky has a rich history and has been distilled for centuries throughout the world. It is often thought that the distilling process was brought to Scotland by Christian Missionaries, but the Highland farmers would of course dispute this and rather attribute it to their own ingenuity. The first record of distillation in Scotland occurred in 1494 as an entry in the Exchequer Rolls states, “Eight bolls of malt to Friar John Cor wherewith to make aqua vitae”. There is some debate as to whether the name “whisky” derives from “usquebaugh” or the gaelic “uisge beatha”, both meaning “water of life”, much like Latin’s “aqua vitae”. The Scottish government first capitalized on the popularity of whisky in 1644, imposing their first tax on spirits. This was obviously not well received and many distilleries resorted to illegal production and a black market of sorts was formed. It was not until 1824 when the first legal distilling license was given to George Smith who would go on to found the Glenlivet. What is Whisky? A whisky, by definition, is an alcoholic beverage distilled from fermented grain mash. This grain mash can be rye, corn, wheat, and most commonly, barley. Additionally, whisky is usually aged in wooden casks, typically made from charred white oak. According to the 2009 Scotch Whisky Regulations, single malt whisky is whisky produced from...
Words: 1266 - Pages: 6
...Emperador Distillers, Inc. (EDI), a subsidiary of AGI then, entered into a series of transactions whereby AGI acquired 87.55% ownership interest in the Company and the Company concurrently acquired 100% ownership in EDI from AGI. EMP thus became a subsidiary of AGI and became the sole owner of EDI. EMP, through EDI and its subsidiaries, is an integrated manufacturer, distributor, and bottler of brandy and other alcoholic beverages. The Company's brands include "Emperador Brandy"; "Emperador Light"; "Emperador Deluxe Spanish Edition"; and "The BaR". On October 31, 2014, The Company through its wholly-owned subsidiary Emperador UK Limited, completed a deal for the acquisition of Whyte and Mackay Group Limited (WMG), a manufacturer of Scotch whiskey. Through WMG, EMP now offers these brands: "The Dalmore Single Highland Malt"; "Jura Premium...
Words: 409 - Pages: 2
...Mallya dominates India’s drinks market, owns the Royal Challengers Bangalore cricket team of the Indian Premier League and a Formula One team Vijay Mallya, his diamond ear studs gleaming, is in high spirits, ensconced in a leather chair in the small office of his private jet, winging its way towards Mumbai after a 34-hour whirlwind visit to New Zealand. The Airbus is liveried in the bright red of his Kingfisher Airlines, with his initials, “VJM”, painted in gold on the engines and wingtips, embossed on the leather seats and decorating the China dinnerware. The plane’s cargo hold is filled with typical New Zealand tourist takeaways: cases of Pinot Noir and lamb chops. More ON THIS STORY Chinese tipple heads west Lex Drinks companies Scotch sales leave champagne flat The public image Guinness Diageo, Pernod deny smuggling But it is the aircraft’s main passenger cabin – a thickly carpeted, faux living room with a bevelled-glass drinks cabinet, a small photo of Mr Mallya’s three children and paintings of Hindu deities by 19th-century Indian artist Raja Ravi Varma – that carries the real prize of Mr Mallya’s trip. Two bright red, padlocked temperature-controlled hampers hold three bottles of “Mackinlay’s Rare Old Highland Whisky”, abandoned in Antarctica more than a century ago by the British explorer Sir Ernest Shackleton. The Antarctic Heritage Trust, the body charged with preserving the legacy of early polar explorers, discovered abandoned spirits frozen in the ice under...
Words: 1425 - Pages: 6
...Manufacturing; 424810 Beer and Ale Merchant Wholesalers; 424920 Book, Periodical and Newspaper Merchant Wholesalers; 484121 General Freight Trucking, Long-Distance, Truckload; 493110 General Warehousing and Storage Facilities; 721110 Hotels (Except Casino Hotels) and Motels; 722110 Full-Service Restaurants Suntory Ltd. is Japan's leading alcoholic and nonalcoholic beverage company, with a leading position in that country's whiskey market, and strong positions in the beer, wine, and soft drink and other beverage segments as well. The company's sales of more than ¥1.3 trillion (US$12.19 billion) also places it among the world's top drinks companies. Whiskey remains the company's strongest product area--Suntory is credited with introducing Scotch-style whiskey to Japan--and production of the group's 18 different bottled blends and single malts are concentrated at its Yamazaki Valley and Hakushu distilleries. The company also produces a number of other alcohol varieties, such as the melon-flavored liqueur Midori, and the distilled alcohol, Shochu. Suntory also acts as distributor for a long list of international brands in Japan, including Beefeater, Courvoisier, Jack Daniels, Campari, and Drambuie among nearly 150 brands. In addition to its Japanese operations, Suntory manages Scotland's Morrison Bowmore Distillers, France's Chateau Lagrange and Chateau Beychevelle, and Germany's Weingut Robert Weil. In the United States, Suntory operates Pepsi Bottling Ventures LLC, and is that...
Words: 2564 - Pages: 11
...dr. dockins English 1101 Woken up aggravated by the sounds of the early bird neighbors blowing the leaves off their lawn for their special evening guest; there’s so much work to be done. The large roast is already in the oven going on its second or third hour now. The leg quarters are being marinated in jerk sauce, thyme, beaten pimento grain, scallion, garlic, scotch bonnet peppers, Lawry, Adobo, and Old Bay seasoning. The jerk pork was cooked the day before. Mrs. is making a toxic combination of glaze and honey to smother the swine. . Mr. is cutting up okra, scotch bonnet peppers, and callaloo. Mrs. is piercing the swine with cloves and assembling the pineapples and cherries on it using toothpicks they cannot find. Using his fingers, Mr. pinches a blend of seasoning and smoothens it on to the outside and inside of the fish. Mama is in the kitchen quarreling about all the work she has to accomplish while she sits around the glass table and does absolutely nothing. She sits around the glass table too; peeling and dicing the yams trying to tone out Mama’s blistering voice. She helps Mrs. Stir flour, blended fruit, rum, browning, brown sugar, red wine, and eggs together for the mix. She reminds Mrs. to starts to prepare the rum punch for the guest. Idiot! How can you forget drinks with all this food to swallow? Mr., at last remembers to set on the rice and pigeon peas. The curry goat is complete and is set alongside the jerk pork. She helps Mr. light the grill and put on...
Words: 716 - Pages: 3
...Compass Box Whisky Company Issue: The scotch whisky industry is in shortage of component whiskies, and many producers need to take actions in sourcing & production. Compass Box: is one of these companies. It was founded by John Glacer in London in 2000. By 2007, the company was worth 7 million dollars owing to its innovative products. They had to come up with scenarios to come over the sourcing problems (see the scenarios) *30% annual growth. 2.5 million euro in 2006 *Our guy: John Glacer. Founder of the company Whiskey could be either malt or grain. Market was segmented accordingly. Whiskies differentiate based on: | a) size and shapes of stills | b) specific grain used | c) aging process (type of casks) | | Compass Box Whisky production process | | | Taste samples from 30-40 different casks of aged whisky | Send the actual casks to a bottling hall facility in Leven - north of Edinburgh | Dilluting the whiskies in casks and return to original casks to age an additional 6 months or so. | Bottling at Broxburn - just west of Edinburgh | Sell the casks to local coopers at minimum salvage value | | | Whiskey Market Segments: 1- Blended Whisky: 80% of the market. Both malt and grain 2- Single malt whiskey: 19%. 100% malt from a single distillery. Premium. 3- Vatted malts: <1%. 100% malt from more than one distillery. Premium. Compass Box mostly in vatted malts, although it has blended whiskies in its portfolio. Possible...
Words: 734 - Pages: 3
...FY11, the company surpassed Diageo Plc to become the largest spirits company in the world. United Spirits has a very strong and wide portfolio of spirits with 21 of its brands selling more than a million cases a year. The company enjoys a strong 59% market share for its first line brands in India. United Spirits has a well established manufacturing and distribution footprint comprising of 37 owned manufacturing units, 57 contract manufacturing tie-ups and distribution network covering almost 98% of the sales channel in India. The company has grown rapidly over the years through several acquisitions and greenfield expansion. Acquisition of Shaw Wallace in 2005 (second largest player at that time in India) and Whyte & Mackay (fourth largest scotch maker in the world) have been the two most significant in-organic investments so far. Grading Positives The company’s key strengths include a) its strong market position in the Indian alcoholic beverages industry supported by leadership position across segments, wide product portfolio and well established brands. With the industry being highly regulated and governed by restrictions across...
Words: 14461 - Pages: 58
...American sport of golf. Of all the wonderful contributions Scotland brings to the world, I am here to study the culture and importance of Scottish food. Scottish cuisine is very distinct and unique, usually based off of traditional foods. For example, a very simple Scottish traditional food is porridge. Porridge should be thick and wholesome not slimy like gruel. Porridge must be cooked with salt to get the right flavor. Those eating porridge outside Scotland have been known to cook it without salt and instead eat it with sugar or even syrup, which is a habit which would turn the stomach of any Scotsman. Scotch whisky (or simply "Scotch") is the best known Scottish drink. Scotch whisky is distilled from barley liquor and flavored with peat tainted water. There are two types of whiskey, Malt whiskey which is more expensive and comes from a single distillery, and Blended whiskey which is cheaper and more popular, comes from multiple distilleries. The national dish of Scotland is Haggis. Haggis is made from lamb’s offal mixed with suet, onions, herbs and spices, all packed into a skin bag traditionally, made of a sheep’s stomach. Haggis is often served with mashed potatoes and mashed swede or turnips. The country of Scotland has foods that are very different than that of American cultural foods, yet there are some similarities for example salmon. Scotland is famous for its fish game and...
Words: 742 - Pages: 3
...customer service is based on reinforcement. Training would be seen as its strategic reward. The company also uses qualitative goals to improve relationships with customers. 2. What applications of learning theory and goal-setting theory do you see in AELN’s leadership development program? It looks like AELN’s leadership program is based on a cognitive approach to learning. In fact, one group was given material to learn and reflect on their own (introverts), while the other group was learning through the process of exchanging ideas and interactions with other people (extroverts). The company also uses quantitative goals to measure responses for the program. 3. Explain why you think the blended learning approach to leadership development turned out to be the superior training venue. I think the blended approach could be better than the other ones because of its ability to suit more personality types. Since it offers both web-based and in classroom learning, it satisfies the needs of more people, whether they are introvert or extrovert, or somewhere in between. 4. Do you agree or disagree with Jeanette Harrison’s learning philosophy that the effects of learning within a business organization should...
Words: 361 - Pages: 2
...Transforming a mishmash of educational technologies into a coherent “blended learning” model is fast becoming the holy grail of modern education. With so much software and hardware already in place, making blended learning work is less about acquiring technology, and more about changing mindsets. Susan O. Moore, supervisor of blended learning at Meriden Public Schools (CT), breaks the implementation of blended learning into five stages: Build the capacity of staff members to support each other in the transition to a blended learning environment. Provide opportunities for staff to visit each other’s classrooms and collaborate. Allow teachers and students the freedom to fail and learn from mistakes. Engage student experts to support each other and their teachers in learning new technologies. “We had students present on technology tools to teachers during one of our professional development days,” Moore said. A student introduced her to Google Keep, which has become one of the apps she uses most. Encourage students and teachers to take charge of their learning. Providing control over “time, place, path and/or pace” comes with responsibility. For example, a student might have access to digital content during the high school pep rally, but is that the best time and place to retain the information? Teachers may need additional training in using rotation models or creating digital content. “They need to model extending learning beyond the classroom,” said Moore. Take the...
Words: 566 - Pages: 3
...If you need more of your Cover Girl make-up, perhaps while you are at the store purchasing it, you can pick up some Arm & Hammer for the fridge and Scotch tape for an upcoming project. Like countless people, you fail to think about how this product came to be or if there was animal testing involved. Many people are unaware of the appalling events that take place on a daily basis involving animal cruelty. They may not think twice about where the products they buy come from, or what they may have been tested on (Smith). Many who do know the facts about animal testing believe that it is acceptable to test in the interest of saving people, but a large number of the population disagree and loathe it (“Animal Testing”). Although methods of animal testing has drastically changed over the years, it has become a worldwide debate between animal right’s activists, scientists and the public. Since most of our inventions and medical strives (“Science”) have been made possible because of animal testing, many people believe that it is an essential part of human life. We would not be able to enjoy all the luxuries we do today, such as toothpaste and cosmetics, had animal experimentation not existed; but people are starting to question the ethics and motives (“Animal testing”). Even though scientists and government officials believe animal testing is necessary for medical research, most tests performed are irrelevant, and the reality is that too many animals go through unnecessary...
Words: 271 - Pages: 2
...SWOT Analysis concept is a structured planning method used to identify strengths and weaknesses and also broader opportunities and threats to assist 3M in making business strategic plans and decisions (Renault 2015). Whereas, opportunity-based theory is used to support the behavior of 3M’s leaders in discovering and taking advantages of possibilities in the business without regarding to resources currently controlled (Pramanik 2015). SWOT Analysis stands for strengths, weaknesses, opportunities and threats existing in the business of 3M. In term of strengths, 3M has a diversified business because of their broad range of products and 6 different types of business segments provided. For example, the various products include Post-It Notes, Scotch Tape, high-tech LCD films and so on while the business segments include Healthcare, Industrial & Transportation, Consumer & Office, Display & Graphics (D&G) and so on to figure 1 in appendix list. Besides, 3M has also a strong Research and Development (R&D) where they spend more than a billion dollars on R&D in a year, around 20% of this budget supports its 32 technology centers. At the same time, 3M also employed approximately 1000 researchers that work in each of the technology centers to improve new product development (Gerybadze n.d.). In addition, there are various R&D centers established such as central research function in 1937, Technical Forum in 1951 and so on based on the 3M case study. Furthermore...
Words: 3233 - Pages: 13
...by Eric von Hippel, Stefan Thomke and Mary Sonnack Eric von Hippel is a professor at the Massachusetts Institute of Technology’s Sloan School of Management in Cambridge. Stefan Thomke is an assistant professor at Harvard Business School in Boston. Mary Sonnack is a Division Scientist at 3M Corporation. Sonnack and von Hippel and Joan Churchill are coauthors of a handbook on the lead user process to be published in 2000 by Oxford University Press. When senior managers think of product development, they all dream of the same thing: a steady stream of breakthrough products—the kind that will allow their companies to grow rapidly and maintain high margins. And they set ambitious goals to that end, demanding, for example, that a high percentage of sales come from products that did not exist a few years ago. Unfortunately, the development groups of many companies don’t deliver the goods. Instead of breakthroughs, they produce mainly line extensions and incremental improvements to existing products and services. And given the pace of change in today’s markets, that’s a recipe for decline, not growth. Given the imperative to grow, why can’t product developers come up with breakthroughs more regularly? They fail primarily for two reasons. First, companies face strong incentives to focus on the short term. To put it simply: although very new products and services may be essential to future growth and profit, companies must first survive to get to the future. That necessity tends...
Words: 392 - Pages: 2
...CASE STUDY: Lark Distillery's inventory control Lark Distillery is the distiller of an award winning Australian single malt whisky, crafted in small batches from exclusively Tasmanian ingredients and matured in small barrels before being hand-bottled for customers worldwide. Lark's whisky and a range of additional unique Tasmanian spirits are sold via online and off-line channels, direct to the consumer as well as wholesale to distributors. A growing inventory Whisky production is something that can't be rushed. It takes five or more years before the product is bottled and ready for market, so until that stage is reached, the barrels and bottles must be properly stored, monitored and periodically moved through the different stages of the production process. With three different whisky expressions, and around three different bottle sizes for each expression, plus assorted additional products sold through the cellar door, Lark's inventory is continually growing. As an example, in 2014, Lark's annual production of whisky is expected to be 3.5 times what it currently sells. Troy Trewin, Chief Executive Officer at Lark Distillery explains, “We have far too much demand for our supply, so we need to do a lot of planning about when product will be available and where its going to go. Currently we're producing three-and-a-half times the amount of whisky that we are able to sell due to the five or six year maturation and this factor is ramping up each year. And we hope to produce...
Words: 969 - Pages: 4