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Daily Newsletter

17 January 2024

Daily Newsletter

17 January 2024

Uber to shutter on-demand online alcohol retailer Drizly

Uber is directing Drizly’s customers towards the Uber Eats application.

Conor Reynolds January 16 2024

Drizly Credit T. Schneider Shutterstock.com

Shares in Diageo jumped today (6 May) after better-than-expected quarterly sales but the spirits giant’s business in North America remained under pressure.

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RTD beverages market expected to grow at a CAGR of ~5% by 2027

Rising urbanization coupled with the increasingly busy lifestyles of consumers have resulted in the increasing demand for RTD beverages that are easy to carry and quick to consume. Further, the pandemic has created a huge surge in demand for non-alcoholic beverages with functional benefits and value addition, including low sugar, added proteins, probiotics, and plant-based ingredients. The beverage manufacturers have been capitalizing on the trends by focusing on both value addition and convenience associated with the packaging of RTD beverages.

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