World is running low on old single malt Scotch
By Sophia Yan, CNN Money
Bottoms up! Whisky lovers are draining the world’s supply of old single malt Scotch.
Thirst for the liquor is booming around the world — from the U.S. to developing countries like China — pushing prices of older vintages through the roof, attracting savvy investors hoping to cash in and forcing distilleries to scramble to meet demand.
“The shortage of old and rare single malt … has already started, and it’s going to get worse,” said Rickesh Kishnani, who launched the world’s first whisky investment fund.
