Is there a large amount of money tied up in whisky stocks?

Financing stocks of maturing whisky is the most significant capital investment which Scotch Whisky companies have to undertake. The long period of maturation which Scotch Whisky must undergo poses a number of commercial problems. Not the least among these is the difficulty of forecasting accurately the demand for whisky several years ahead, which blenders must do when deciding how much new whisky to buy in any one season.

© SWA 1995