Whiskey lovers might be in for a rude awakening in the coming years. The world is running out of aged, single malt scotch. A recent surge in demand across the world, including a meteoric increase in Asia, has put a strain on an industry that needs 10-20+ years to produce a bottle of liquor. According to CNN Money:
The problem is that age-labeled single malt Scotch has always been, by design, a limited commodity. Distillers produce a set amount in a given year with pretty much zero visibility about what demand will be like when the bottles start hitting venerable ages.
The industry woke up to the current boom too late. In the late 1980s, many distilleries were going out of business, and just a decade ago, Scotch exports were stagnating.
More capacity is being added now, but the bad news for whisky drinkers is the shortage could last another 10 to 15 years, experts say.
Prices for older bottles are already skyrocketing, sending many older scotches well into the triple digit per bottle price range.
We haven’t reached critical mass quite yet and experts feel that prices still have quite a ways to go before they reach critical levels.
To help your sadness, here is a video of Nick Offerman sipping on Lagavulin single malt in front of a fireplace for 45 minutes.