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The spirits stockpile problem – misjudged demand or the wrong ranges

Nick Gillett, co-founder and managing director of successful spirits distributor Mangrove Global, explains how the “spirits lake” filled up, and what we can do to drain it without damaging the industry

The spirits stockpile problem – misjudged demand or the wrong ranges

Indri's Indian single malt is leading the evolution of the spirits market, as independent retailers prioritise range clarity and quality over legacy reputations

Photo: Handout

Independent retailers don’t need reminding that the spirits market is recalibrating. One of the least discussed consequences of changing drinking habits isn’t moderation or premiumisation – it’s stock sitting on shelves.

Across spirits categories, suppliers are reassessing portfolios that were built for a different rhythm of demand that sprung up during the pandemic. It shows up in availability, pricing, and in the liquid itself – the result of a perfect storm between the time it takes to produce spirits and how people now choose to drink.


Spirits are long-cycle products. Decisions around production, ageing and expansion were taken five, ten or twenty years ago, when demand was different. As consumption has become more selective and occasion-led, suppliers are working harder to ensure stock is deployed intelligently rather than simply held.

For independent retailers, that creates a moment where range clarity matters more than ever. Not every product deserves space, and the smart play is discipline: knowing which categories genuinely sell, where customers are willing to trade up, and which products earn repeat purchase.

One consequence of the current environment is that more mature liquid is finding its way into everyday expressions across several categories, including blends. That’s not something retailers need to oversell, but it does mean better quality than the label might suggest.

It is prompting consumers to look beyond legacy reputations. Countries that historically haven’t commanded premium price points are now producing genuinely world-class spirits. Indian single malt from brands such as Indri is a clear example.

For shoppers, the outcome is better balance, smoother drinking and more confidence at familiar price points. For retailers, it creates space to recommend with conviction rather than relying on badge value alone.

Clear pricing help customers understand the step-up within a category. Simple shelf messaging or staff recommendations can turn what might look like a safe choice into a considered one. And resisting the urge to over-range allows stronger products to earn their place.

This is also a moment where close relationships with suppliers pay dividends. As portfolios are refined, distributors are considering where products genuinely belong and which channels they suit best. Independent retailers are well placed to secure the right products on sensible terms.

None of this is about chasing volume for its own sake. The spirits market isn’t waiting to snap back to old patterns. It’s settling into something more selective.

So, buy with purpose, range with discipline and pay attention to quality and value. Sometimes the smartest buying decisions are the ones that simply make sense on the shelf.

nick gillet Nick Gillett Photo: Handout