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Bourbon Pursuit

250 - The Future of Bourbon with Eric Gregory, President of the KDA

Bourbon Pursuit

Bourbon Pursuit

Hobbies, Food, Arts, Leisure

4.9866 Ratings

🗓️ 23 April 2020

⏱️ 78 minutes

🧾️ Download transcript

Summary

The Kentucky Distillers’ Association does more for bourbon in the US than just Kentucky alone. Eric Gregory, the President of the KDA, has been on both sides of the government trying to put the interests of the distillers and consumers first. We talk about his experience with government lobbying and how he revived the organization. What is the future of bourbon? Are distribution laws changing, what will happen with tariffs, and how will the Bourbon Trail maintain growth? Show Notes: This week’s Above the Char with Fred Minnick talks about up and coming writers. Tell us about your background. What was it like at the KDA when you first got this job? What was your first lobbying experience at the KDA? Any good horse racing tips? How do you see bourbon growing? What do you think of the tariffs? Tell us about the lobbying process. How do you keep it bipartisan? When you hear rumblings of new taxes what do you all do? Tell us about the steps you have taken from the promotional side of the Kentucky Bourbon Trail and the Kentucky Bourbon Affair? How many trail visitors did you have the first year? Talk about partnerships. What are some of the weirdest requests you've gotten from people? Are there other states that look to your organization for guidance? What is your position on the secondary market? Why do so many people oppose shipping alcohol? What do you think about bourbon tourism growth in Bardstown vs. Louisville?

Transcript

Click on a timestamp to play from that location

0:00.0

And how many visitors did you have at that time?

0:02.4

The first year we did the passport in 2007, we had 189 people complete the Kentucky

0:08.0

Bourbon Trail.

0:08.7

Oh my God.

0:09.7

And 889.

0:10.7

I should send them a pin or something.

0:12.7

Hey, it's episode 250.

0:23.6

Another big number mark, and we're glad you're still here with us.

0:27.6

And, well, it's not much has really been going on because of COVID-19.

0:32.6

It's putting a stop on pretty much everything except delivery services,

0:36.6

and that's where we start

0:37.8

this week's news. Alcohol delivery app Drizzly says it has seen sales explode in the last week of

0:43.1

March, climbing 537% above the company's expectations. What's more is that 42% of those orders

0:50.7

came in from new accounts. The company says that new buyers on the platform

0:54.6

have jumped 900% year over year. The same goes for mini bar. Sales are up 143%, new buyers up

1:02.4

547% and orders are up 100% with an average order size up 22%. If you haven't had the chance

1:10.6

yet, go listen to our podcast back on episode 248 when we had

1:15.0

Drizzly CEO and founder Corey Rellis on the show to talk about his business.

1:20.3

A recent study by economists at John Dunham and Associates estimates that America's

1:25.3

wine and spirit wholesalers can expect to lose up to $921.4 million

1:31.8

in uncollectable or difficult to collect receivables due to on-premise accounts such as restaurants,

1:39.0

bars, and clubs that have been impacted by the shelter-in-place environment.

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