There is a global slowdown in consumer demand for spirits, which has led to a glut of aged spirits. Brands that make Cognac, tequila, and rum are dealing with this issue. Diageo, Pernod Ricard, Campari, Brown-Forman, Remy Cointreau and others are sitting on about $22 billion worth of unsold inventory. People are drinking less because of health concerns and shift to THC beverages.