More Bourbon Distilleries Are Closing. So What Happens to the Whiskey?

More Bourbon Distilleries Are Closing. So What Happens to the Whiskey?

After decades of unprecedented growth, America’s bourbon boom has started to cool off. While the complete demise of American whiskey may be overblown, there’s a clear oversupply of bourbon, and aging inventories have tripled since 2012. In simple economic terms, supply has finally (and significantly) outpaced demand. Amid the downturn, some of the nation’s biggest producers have announced slowdowns in production. Other well-funded upstarts have …