"In China and other booming South East Asian countries younger consumers are taking to single malts to show they have arrived in life."
"There is a need for such young consumers to show this much earlier than their predecessors."
Industry watchers foresee a much faster growth in single malt consumption in line with the rapid growth in economy as well as rising incomes and aspirations of Indian consumers.
(Source: Import of single malt scotch whisky doubles in first half of 2010)
The challenge is obvious to anyone with a modicum of knowledge about the nature of distilling single malt and the dynamic of markets: global demand will outstrip supply as growing affluence in low to middle income entails a shift from domestic blended scotches and traditional international blends such as Johnnie Walker Red Label to more refined fare like Glenmorangie 10-year (recently SukasaStyle #ScotchSunday review).
Publicly listed companies understand this: French luxury retailer LVMH is the owner of The Glenmorangie Company and single malt assets are a strategic bet on future growth in current emerging markets and developing economies.
Below is a video of Dr. Bill (William) Lumsden, Head of Distilling and Whisky Creation, answering questions from Glenmorangie's Facebook followers about the challenge of scaling up production. Dare I say it is of particular interest to engineers and single malt lovers.
Posted by Arijit Banik for SukasaStyle.