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Reminds me of when Heaven Hill went up in the 90s. From memory that took out a third of the WORLD's bourbon supplies (so by extension this is presumably about a sixth?) I visited KY shortly after the HH fire and driving past the remains of the distillery was (excuse me) sobering, it was a big old mess.
Sucks that it’s all gone etc, but I bet the surrounding area smells amazing now...
Report says "lightning strike" but police have released an e-fit of a man they'd like to question in relation to the fire:
Is that TJ?
The moustache seems familiar.
Factory fires are a convenient way to get rid of unwanted stock or drive up the price of warehoused stock. Last year my industry went through a major crisis when a BASF factory exploded in Germany (late 2017) depriving us of a raw material called Citral, which is the feedstock for lots of other molecules including vitamins used in animal feed. There were two smaller factories in India making the same material and by an astonishing coincidence, both burned down a few weeks after BASF.
Didn’t the Mount Gay warehouse burn down recently as well?
Factory fires are a convenient way to get rid of unwanted stock or drive up the price of warehoused stock.
Yeah, tell that to Heaven Hill.
a BASF factory exploded in Germany
I'm amazed there's still such a large market for audio cassettes.
Didn’t the Mount Gay warehouse burn down recently as well?
That must've been a rum do.
when a BASF factory exploded in Germany
I thought you were going to say that there is now a shortage of C90 cassettes.
Factory fires are a convenient way to get rid of unwanted stock or drive up the price of warehoused stock.
that could be true of a raw material. But with whisky your stock and your brand are the same thing - theres no point driving up the value of something if you have non of it to sell.
I don't know if (whoever owns) Jim Beam operate the same way as UK distillers but here they have their stock distributed all over the place - if you walk into any given distillery the warehouses will be full of all sorts of whisky from elsewhere and their own product will be spread all over the place too. That way if there was a fire every producer loses a little bit of their stock rather than having a brand that has taken hundreds of years to build not having anything to sell for the next decade or so.
Mac, fortunately it sounds like the stock that has gone up in smoke is all around two years of age. The company have stated that even though the loss amounts to about 45 million they can plug the gap.
Reminds me of when Heaven Hill went up in the 90s. From memory that took out a third of the WORLD’s bourbon supplies
Can tell im no longer a drinker, when i saw the above my first thought was a major biscuit factory went up lol
Didn’t the Mount Gay warehouse burn down recently as well?
That made me nervous, so I googled it. Yes they lost 150000l of alcohol in a tank, luckily all the maturing barrels are ok. Production will be behind for a while but not to the consequences of Jim Beam.
I’m voting in August so will provide an update 🙂