Bang, booming ecommerce and buying illicit alcohol

Bang Energy terminates exclusive distribution partnership with PepsiCo

Bang Energy has announced that PepsiCo is no longer the exclusive distributor of its product, a partnership that began in April. Although it is unclear what exactly caused the breakup, Bang's notice of termination to PepsiCo cited "multiple issues and concerns regarding PepsiCo's performance." Check out the full article for more on how this decision will impact the segment.

Illicit alcohol market grows due to COVID-19 restrictions

The illicit alcohol trade has increased by 9.7% in Latin America during the pandemic, according to the first study of its kind. The study shows that people took advantage of the restrictions on access to formal sales channels imposed by public officials to try to limit the spread of COVID-19. Panama, Mexico, Colombia, Brazil, Peru and the Dominican Republic -- all of the countries evaluated in the study -- showed increases in the trade of illicit alcohol.

Pandemic shopping is permanent, says Walmart CEO

Walmart reported another incredible e-commerce metric -- U.S. online sales grew 79% in the third quarter. This has only bolstered the company's view that shopping patterns related to the COVID-19 pandemic are here to stay. "We think these new customer behaviors will largely persist and we’re well positioned to serve customers with the value and experience they’re looking for," Walmart CEO Doug McMillon said.

TODAY'S NEWS

Bang Energy terminates exclusive distribution partnership with PepsiCo

Illicit alcohol market grows due to COVID-19 restrictions

Pandemic shopping is permanent, says Walmart CEO

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