The Weekly Journal December 18,2019

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Wednesday, December 18-24, 2019 - // no. 034

Puerto Rico and the Caribbean

www.theweeklyjournal.com

Local Cancer Drug in Human Trial Phase P6 FedEx Announces Expansion on the Island P8 The Mind Behind Claro Puerto Rico P10

Rum is On the Rise An inclination toward higher-end varieties and the appeal of the cocktail scene are driving revenues up

A Cynthia López Cabán

Marc Anthony: Talented Philanthropist P20

clopez@wjournalpr.com

@cynthia_lope

fter a period of flatness, rum has slowly enjoyed a renaissance on the island with the emergence of artisan distilleries in Vieques and Aguada, the revival of the island’s oldest brand, “Ron del Barrilito”, and the debut of new varieties with spicy and tropical tones. So far this year, worldwide revenue in the rum segment amounts to $16.3 billion, according to

Statista, a German website that gathers economic information. The market is expected to grow by 3.7 percent in the next three years, while the United States generated $2.6 million in sales. Last month, a survey by the marketing firm Report Buyer also revealed that demand for premium varieties of rum will lead to the expansion of the global rum market by 2 percent during the next four years. The island is no exception. “Rum is trending. We have seen a rise in rum bars. People are more interested in learning about the history and elaboration process of rum. The GO TO PAGE 4


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