Comment - Ingredients, Injunctions and Invoking Force Majeure
Times have been 'interesting', to say the least, for the sugar industry recently, with well-publicised outbreaks of extreme weather affecting crops and prices. But, what about the drinks manufacturers who depend upon sugar - and other crops vulnerable to unforeseen exceptional price increases - as an ingredient in many of their products? Although manufacturers will usually have contracted well in advance for delivery of their requirements, suppliers caught out by crop failures and rising market prices may attempt to invoke force majeure clauses to escape these bargains. Trevor Withane of Allen & Overy LLP considers such attempts and how drinks manufacturers might respond.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's Allegro cost-saving programme
- The End of the Road for International Beer Brands?
- Comment - Diageo's Distill Ventures: One Year On
- Pernod Ricard's FY Performance by Region, Brand
- Pernod Ricard set for CMO switch
- ASA bans Jägermeister TV ad
- Pernod bemoans tough FY as sales, profits drop
- Wine Australia reports death of UK, Europe boss
- Diageo takes Haig Club to Singapore airport