The alcohol product of Bourbon maybe facing price drops and quality product deterioration due to oversupply. Only way to combat this is to let natural market forces work their magic and reset.
Here’s more from BusinessInsider.com:
RBC Capital Markets analysts shared a chart showing that an influx of new producers could be setting up a slump in bourbon prices and providing sometimes subpar versions of the American whiskey.
In a note on Thursday, Nik Modi and his team published the chart below to show that the number of craft distillers had been on the rise for the past few years.
A recent study that included the American Craft Spirits Association showed that the number of distillers had compounded at a 42% annual growth rate since 2010.
There were just 204 craft spirits distillers across America in 2010, while that number grew to 1,315 this year through August.