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When Supply Outruns Demand: Understanding the Whiskey Market’s Recalibration
The whiskey industry is entering a new phase—one defined not by expansion at all costs, but by balance. After years of aggressive production, rising capacity, and rapid investor participation, inventories across the United States have reached their highest levels in modern history. At the same time, demand remains resilient, though more measured than during the ultra-high-growth years of the late 2010s.
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