MENU

Panjiva_research_logo

Tariff Quote Watch: Pernod’s Tariff Rush Could Become Pricing Hangover

Consumer Staples 735 France 148 Ireland 13 Quote Watch 439 Tariffs 1768 U.S. 5203 United Kingdom 339

Pernod Ricard’s CFO, Hélène de Tissot, has stated that “advanced shipments anticipating the risk of tariffs” on EU exports by the U.S. by wholesalers boosted the growth in the firm’s U.S. shipments to 6% from the usual 4% in the latest quarter. CEO Alexandre Ricard expects price increases to be necessary to pass through the tariffs on wine and spirits – linked to an aerospace trade dispute – going forward. Total EU exports of wine to the U.S. have shown little sign of stockpiling, with a 1.5% year over year drop in shipments in August. Shipments of whiskey and niche liqueurs on the other...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.