Liquid Assets: A Beverage Industry Podcast

It seems unthinkable that a simple legal loophole for hemp would lead to the de facto legalization of marijuana edibles in the United States, but here we are. Intoxicating hemp products are everywhere, and everyone seems to be excited about them. But the story of hemp-derived THC's rise and the greatest threat to its future are inexorably linked to its legal status. In this episode, we speak to two legal experts, Marc Hauser and Rebecca Stamey-White, about how the intoxicating hemp business came to life, how long it could last, and how the sector's tenuous legal status is influencing every aspect of the industry, from who invests and founds a hemp business to where it can be sold.  Be sure to check out Marc’s fantastic substack “Cannabis Musings”: Click here [https://cannabismusings.substack.com/].   Want to sign up for our written research? Have a question, qualm or story to tell, reach out via email: Bourcard.Nesin@Rabobank.com [bourcard.nesin@rabobank.com] Check out the rest of our written research: Rabobank.com/knowledge [https://www.rabobank.com/knowledge/beverages?query=&tab=knowledge&page-number=1&page-size=6&type=text]   Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services Cannabis Musings is not a part of Rabobank Group. Disclaimer: Please refer to our global RaboResearch disclaimer at https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer [https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer] for information about the scope and limitations of the material published on the podcast.

Caroline Levy and Carol Reber know a lot about being on a board. Between them, they sit on the board of six different companies that include Celsius Holdings, Far Niente Wine Estates, Health-Ade, Arterra Wines Canada, Rack & Riddle, and Athletic Brewing Company. On today’s episode, Carol and Caroline share their journeys and bring us up to speed on what a company board of directors actually does, who should be on them, and what characteristics distinguish a good board from a bad one. Want to sign up for our written research? Have a question, qualm or story to tell, reach out via email: Bourcard.Nesin@Rabobank.com [Bourcard.Nesin@Rabobank.com] Check out the rest of our written research: Rabobank.com/knowledge [https://www.rabobank.com/knowledge/beverages?query=&tab=knowledge&page-number=1&page-size=6&type=text] Be sure to listen to Caroline’s fantastic podcast, Drinks With Caroline:  Click here [https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fdrinks-with-caroline%2Fid1802011558&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C05895dd6b92a4b3ab8ac08ddce1fdc19%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638893358472320606%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=PAEnqSoquswbfV688RIN7fLRfQrHXPFbiLone%2F7PodE%3D&reserved=0]   Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services. Drinks With Caroline is not a part of Rabobank Group. Disclaimer: Please refer to our global RaboResearch disclaimer at https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer [https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer] for information about the scope and limitations of the material published on the podcast.

In this episode, we discuss all the ways a beverage firm can diversify its business and the consequences when things go wrong. Whether it is geographical expansion, vertical integration, moving into adjacent categories, or route to market, we debate the merits, downsides, and myriad real-world examples of seven different diversification strategies and runway for each strategy to be successful going forward. Read our report on diversification strategies: Beverage market buzz: Balancing diversification versus focus [https://www.rabobank.com/knowledge/q011332979-beverage-market-buzz-balancing-diversification-versus-focus]. Want to sign up for our written research? Have a question, qualm, or story to tell, reach out via email: Bourcard.Nesin@Rabobank.com [Bourcard.Nesin@Rabobank.com]. Check out the rest of our written research: Rabobank.com/knowledge [https://www.rabobank.com/knowledge/beverages?query=&tab=knowledge&page-number=1&page-size=6&type=text].   Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services.   Disclaimer: Please refer to our global RaboResearch disclaimer at https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer [https://www.rabobank.com/knowledge/disclaimer/011417027/disclaimer] for information about the scope and limitations of the material published on the podcast.

What happens when you move a production plant from Europe to the United States or switch from Florida oranges to Brazilian oranges? Does your product still taste the same? Has technology made it possible to replace 50% of the sugar in a beverage with zero-calorie sweetener and avoid a nasty aftertaste? John Kelly and Paul Villis from Kerry Group join us to talk through how beverage brands are changing ingredients and deciding to focus on either reformulation (i.e., cost savings) or innovation (i.e., revenue growth).  Want to sign up for our written research? Have a question, qualm or story to tell, reach out via email: Bourcard.Nesin@Rabobank.com [Bourcard.Nesin@Rabobank.com]   Check out the rest of our written research: Rabobank.com/knowledge [https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.rabobank.com%2Fknowledge%2Fbeverages%3Fquery%3D%26tab%3Dknowledge%26page-number%3D1%26page-size%3D6%26type%3Dtext&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C6face426045240529d2708ddb3f23468%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638864575033815839%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=HvctPfd0EROatGntaQWDKer2udL3NgUCBiWqL6rpggg%3D&reserved=0]   Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services Please read our disclaimer here: https://www.rabobank.com/knowledge/disclaimer/011410028/disclaimer [https://www.rabobank.com/knowledge/disclaimer/011410028/disclaimer]

It’s not a fun time to work in the alcohol business. Demand is down in almost every segment and in almost every geography. Costs are rising. And most every category is in some state of oversupply. How on earth did we get here?  Erica Duecy and Scott Rosenbaum, hosts of the Business of Drinks [https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fopen.spotify.com%2Fshow%2F03MdWRId8ZwUKPI8dzmjji&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C3863bc8b58404159376a08ddacffa76a%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638856936599747379%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=dcoWbwT2tuB6%2BbzU5w%2FvEdf%2BEEyDfyeJdopj5ZcIUzI%3D&reserved=0] podcast, join the RaboResearch team to debate what is driving the recent declines in the alcohol industry using our favorite debate format: a draft!  Want to sign up for our written research? Have a question, qualm, or a story to tell? Reach out via email: Bourcard.Nesin@rabobank.com [Bourcard.Nesin@rabobank.com] Check out the rest of our written research: Rabobank.com/knowledge [https://www.rabobank.com/knowledge/beverages?query=&tab=knowledge&page-number=1&page-size=6&type=text] Check out Business of Drinks on Spotify [https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fopen.spotify.com%2Fshow%2F03MdWRId8ZwUKPI8dzmjji&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C3863bc8b58404159376a08ddacffa76a%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638856936599767538%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=MKu6SaHrgXXn7mOfJ%2BpEmuuG%2F04Lk3tkVxPJXp3j1vc%3D&reserved=0] or Apple Podcasts [https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpodcasts.apple.com%2Fca%2Fpodcast%2Fbusiness-of-drinks%2Fid1678373669&data=05%7C02%7Cfm.global.Podcasts%40rabobank.com%7C3863bc8b58404159376a08ddacffa76a%7C6e93a6268aca4dc19191ce291b4b75a1%7C0%7C0%7C638856936599782723%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=0PoRR9t%2FEjJ2KnuB%2BXPcBCEeqONPKJN6Ca0cy617eJU%3D&reserved=0] Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services. Business of Drinks is not a part of Rabobank Group. Please read our disclaimer here:  https://www.rabobank.com/knowledge/disclaimer/011410028/disclaimer [https://www.rabobank.com/knowledge/disclaimer/011410028/disclaimer]