This podcast discusses the evolving landscape of alcohol delivery and the growing popularity of non-alcoholic alternatives. The CEO of Reserve Bar explores the changes in the on-demand alcohol delivery market, their e-commerce platforms, the business model and pricing strategy of ReserveBar, and their plans for expansion and integrating technology in the alcohol industry.
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Quick takeaways
The younger generation is opting for non-alcoholic beverages and mocktails, considering factors like calories and wellness.
The closure of bars and restaurants due to the pandemic led to significant growth in e-commerce platforms like Reserve Bar and Drizly.
Deep dives
The trend of dry January and the rise of non-alcoholic beverages
The podcast discusses how dry January has become increasingly popular over the years, leading to a noticeable drop in alcohol consumption during the month. However, there is now a wider range of non-alcoholic beverages available in the market, allowing people to still enjoy drinks without alcohol. The younger generation is drinking more mindfully, considering factors like calories and wellness, and they are more open to trying mocktails and non-alcoholic options. Restaurants and bars have also started including mocktails and non-alcoholic options on their menus to cater to this growing trend.
The growth of e-commerce platforms for alcohol delivery
The podcast highlights the impact of e-commerce on the alcohol industry, particularly during the pandemic. The closure of bars and restaurants led to a surge in e-commerce adoption, with platforms like Reserve Bar and Drizly experiencing significant growth. While the reopening of bars and restaurants has led to some cooling off, e-commerce for alcohol continues to evolve and offer new ways for consumers to access their favorite beverages. The podcast also mentions how these platforms now create 'shoppable moments' by allowing users to purchase specific products featured in articles, videos, or other types of content, even if they weren't originally intending to shop.
The changing drinking habits of different generations
The podcast explores the shift in drinking habits among different age groups. Older adults with more disposable income are opting for premium and higher-end alcoholic beverages. COVID-19 prompted a focus on 'premiumization' of spirits, where people explored and enjoyed higher-quality options at home. On the other hand, younger people, although drinking less overall, are more mindful about what and how they drink. They are conscious of wellness and are more likely to choose cocktails, including non-alcoholic ones, over beer and wine. The podcast emphasizes that platforms like Reserve Bar and Mini Bar Delivery cater to different customers, with Mini Bar Delivery being convenient for everyday provisioning, while Reserve Bar offers a more curated and information-rich experience for enthusiasts.