| Beverage Wholesaler - October 15, 2018 |
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The survival stats about family businesses are alarming.
On average, only 30% of these companies will successfully continue into the second generation. Just 12% make it into generation number three, while merely 3% will pass on to family members in generations beyond that.
These are not stellar survival rates. They speak to the need for proper planning for succession. So how can a family-run company, like many beverage alcohol businesses, take the right steps towards maximizing their chances for positive generational turnover?
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Fear among some brewers is that legal cannabis will siphon sales away from beer. (The pot industry does not assuage these concerns when it advertises as the “safer” alternative to alcohol.) But do consumers really trade one product for another?
Not necessarily, according to Bart Watson, chief economist for the Brewers Association, which represents small and independent breweries. According to data compiled by the national trade organization, sales of craft beer are actually better in states with recreational cannabis.
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ONE MORE THING
Premium Distributors of Virginia is set to acquire Virginia-based Loveland Distributing, which has been family-operated since 1953. PDV is a subsidiary of Reyes Holdings LLC,
the nation’s largest beer distributor.
Source: Richmond.com |
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JOBS BOARD
Senior Logistics Analyst/Purchaser
Wholesaler: Breakthru Beverage
Location: Fort Lauderdale, FL
Requirements:
• Solid back ground in SAP PTP or other major ERP system
• College degree in business and/or experience of min 5-7 years in Purchasing, Logistics, Costing and related fields
• Experience of working with a high volume distribution sales team
• Work within a team of 6-10 with a very high degree of integration
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