Cuervo parent Becle expects supply problems to persist, CEO says

Reuters – Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, expects to see more supply chain problems this year, the companys chief executive said on Friday.

“We still see a disruption,” said Becle Chief Executive Juan Domingo Beckmann, specifically citing glass supplies.

Beckmann, whose family owns the company, said the disruptions had lessened from the previous year, but that the company does not “know yet when this is going to normalize.”

Challenging supply chain problems were also noted in its firstquarter results released on Thursday, although the company said it was managing those with “logistics mitigation strategies.”

Becle posted a firstquarter net profit of 1.35 billion pesos 67.9 million, a 9.4 increase over the yearago first quarter.

Becle was the top gainer on the Mexican stock markets main index on Friday, closing more than 5 higher despite the overall index dropping some 2.