AGP Executive Report
Last update: 23 minutes agoRegulation: Germany is advancing a draft sugar tax on soft drinks, while Canada’s Supreme Court will hear Ottawa’s appeal over single-use plastics restrictions, with potential implications for beverage packaging. PepsiCo also faces continued limits on new Sting energy-drink production after a court kept the ban in place. Market shifts: Pernod Ricard’s first-quarter sales beat expectations, but alcohol demand remains subdued: U.S. drinking held at a record-low 54%, while California breweries are closing as consumer habits change and a Manhattan whiskey distillery shuts. Investment & innovation: Ottawa pledged $50 million to the Canadian Food Innovation Network to help processors adopt automation, AI and digital manufacturing. PepsiCo India is expanding zero- and low-sugar drinks, while Reliance’s low-priced flavoured milk adds competition in ready-to-drink dairy. Emerging categories: Federal hemp restrictions threaten a $200 million THC market and could trigger layoffs, highlighting uncertainty for beverage makers in the category.
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