Panjiva Predicts Extra Festive St. Patrick’s Day Due to Uptick in Import of Guinness
After Slow 2010, Legendary Irish Beer Experiences Rebound Ahead of This Year’s Holiday
New York, March 14, 2011 – According to data released today from Panjiva, the leading source of objective information on global trade and overseas suppliers, St. Patrick’s Day celebrators will have plenty to cheer come March 17. In anticipation of this year’s Irish holiday, the company found a significant rebound of Guinness beer imports to the U.S. in the months leading up to March.
Panjiva’s research team found that shipments of the Irish stout are up 244 percent for January and February year-over-year. After a quiet 2010 where shipments were dramatically lower than average, the increase in imports of the sought after beverage indicates that St. Patrick’s Day 2011 is likely to be a major celebration from coast to coast.
“It looks like there will be plenty of Guinness on hand at St. Patrick’s Day celebrations this year,” said Josh Green, chief executive officer, Panjiva. “That’s good news for Guinness drinkers everywhere and may be indicative of renewed confidence about consumer willingness to spend. On the other hand, it may simply be indicative of renewed confidence about consumer willingness to drink.”
Panjiva is an online resource for sourcing executives to gain credible and valuable knowledge about suppliers and manufacturers around the world. By providing the most comprehensive data in an easy to use format, Panjiva informs the decisions that facilitate doing business globally. Supply chain and global production executives responsible for finding the right factories, negotiating costs and avoiding costly supply chain disruptions have been “flying blind.” Panjiva is the first and only online information source designed to provide complete transparency into overseas suppliers. Leveraging a variety of public and proprietary data sources, Panjiva is bringing new levels of visibility to the management of global supply chains. Panjiva was founded by CEO Josh Green and CTO James Psota. Panjiva received an equity investment from Battery Ventures and a contingent of angel investors. For additional information, visit: http://panjiva.com.