# Ep. 345 Nadine Sarwat of Bernstein

Page: https://stenobird.com/podcast/beernet-radio-4437072/ep-345-nadine-sarwat-of-bernstein
Text version: https://stenobird.com/podcast/beernet-radio-4437072/ep-345-nadine-sarwat-of-bernstein.md
Podcast: [Beernet Radio](https://stenobird.com/podcast/beernet-radio-4437072)
Published: 2026-07-15T23:55:04+00:00
Episode link: https://podcasters.spotify.com/pod/show/beernetradio/episodes/Ep--345-Nadine-Sarwat-of-Bernstein-e3m4uvv
Audio file: https://anchor.fm/s/7131ef2c/podcast/play/122894783/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-6-15%2F428039141-44100-2-b40e5ccf65b71.mp3
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JSON: https://stenobird.com/v1/public/podcasts/beernet-radio-4437072/episodes/ep-345-nadine-sarwat-of-bernstein
Duration seconds: 2289

## Resource

Today the gang speaks with veteran bev-alc/cannabis analyst Nadine Sarwat of Bernstein, where she argues that today's bev-alc weakness is mostly cyclical rather than structural, walking through the industry's wave of c-suite turnover, the collapsed Brown-Forman–Pernod Ricard tie-up, and why pricing architecture and perceived value—not tobacco-style price hikes or blanket cuts—are the real levers for producers meeting consumers "where they're at." =================================Our 3 Daily Bev-Alc Trade Publications: https://beernet.com/Watch on Youtube: https://www.youtube.com/@BeerNetRadio/videosPodcast feeds - Audio: https://creators.spotify.com/pod/beernetradio=================================About Us:Beer Business Daily / Wine & Spirits Daily publisher Harry Schuhmacher joins his editors and bev-alc industry guests once a week as they grok the beer and beverage business issues of the day. Like and subscribe; it's free.-Our Three Daily Bev-Alc Trade Publications: https://beernet.com/-Twitter: @beerbizdaily#beernews #beerindustry #beer #beerbusiness

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## Transcript

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