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    Die Lagerung von Ontarios 79,1 Millionen US-Dollar teurem Vorrat an dekotiertem US-Alkohol könnte bis zu 20 Millionen US-Dollar pro Jahr kosten

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    1. YourFriendlyUncle on

      Québec is selling/sold off their supply of US alcohol at a discount and is donating any profit beyond cost to food banks.

      It’s not hard DoFo, figure it out

    2. Beneficial-Ride-4475 on

      Forgive me if this is a *very stupid* question, which I suspect is the case. But wouldn’t you just destory it, or send it back to the Sates?

      Yes I know, it’s a dumb suggestion, but other than selling it off…

    6. perennialiris on

      I thought it was weird they took it off the shelves instead of just not restocking it when it ran out.

    7. oskopnir on

      > He estimated the annual carrying costs associated with storing $79.1 million worth of delisted U.S. alcohol, including warehousing, insurance, security and tied-up capital, could range from roughly $10 million to $30 million annually.

      I struggle to make sense of this number. Liquor stores are open for business, so how much insurance and security are needed specifically to store this alcohol in addition to what is already in place for other products still on sale?

    8. EyCeeDedPpl on

      Douggie must have a friend who’s building a “containment” site to hold it all.

    9. Outrageous-Advice384 on

      20M storage seems pretty high.

      Sell it like Quebec, but through the LCBO website, and charge shipping through CanadaPost.

    10. Aggressive-Map-2204 on

      >Michael Armstrong is an associate professor at Brock who studies operations and logistics. He has researched alcohol sales trends as part of his work on how they interact with sales in the cannabis industry.

      >He estimated the annual carrying costs associated with storing $79.1 million worth of delisted U.S. alcohol, including warehousing, insurance, security and tied-up capital, could range from roughly $10 million to $30 million annually.

      So the cost estimate is coming from a random person who has absolutely nothing to do with the government and has no clue what the costs actually are. Great job CBC. Way to prove how low journalism can go.

    13. Olderpostie on

      That storage cost figure seems ridiculously high. Let us say that a pallet load of 200 bottles has a value of $5,000. That would be 16,000 pallets, dividing into $80 million. About 250,000 square feet of storage space, single stacked. Let us say you could rent space at $10 per square foot per year. Realistic, as this can be in a low cost area anywhere in the province. So, $2.5 million per year for that. Plus 600 trailer trips at $1,000 each to consolidate the lot.

    14. Sigma_Try on

      I live in BC and they pulled everything. I thought it was the dumbest move I’ve seen. Just sell it all and then stop restocking. What a waste of money for optics.

    15. Keystone-12 on

      Ya…. this is dumb…

      This number was estimated by an Associate Professor at Brock University who performed the following „*analysis*“

      **Sometimes, it can take up to 25% of the product value to store it**.

      Thats it… thats what this analysis is based on.

      Anyone stupid enough to believe the government is *actually* paying $20m a year to store this has some self reflection to do…

    16. mmoore327 on

      Most of that cost would be storage space cost which is only a real cost if warehouse is full and you turn away other goods because you have no room for it. Otherwise is just a cost allocation and doesn’t represent “new” spending

    18. Donkilme on

      This sounded absurd and I started doing the math and it checks out. Assuming they store fairly inefficiently in warehouse, which I think we can all agree is a safe assumption, you’re looking at needing up to 70,000 sq feet which could run more than $1.3 million in rent alone. Add utilities, security, and corruption and that is easily $2 million.

    19. Chevettez06 on

      I don’t understand why ontario didn’t just stop importing more, and sell what was left. The stores have already spent the money on the product before it is put on the shelf, then the customer buys it from the store … Maybe I’m missing something here?

    20. chickenhawk71 on

      I would pick it all up and store it in my basement for a cool million. Wtf. 20 million a year,?

    25. WSJ_pilot on

      Put it back on the shelf, but don’t restock anymore? We recoup some of the value, and can be a good first step to restart the USCMA negotiations

    26. Freyja_of_the_North on

      Sell it to other markets at a reduced price. If it’s going to sit and cost us then anything we can get for it is a win, plus it wouldn’t hurt if it made the prices drop for people

    31. TheRealTinfoil666 on

      Just do what other Provinces did…

      Put it out as a one-time sale with all of the proceeds going to charities like food banks or homeless shelters.

      If it was already paid for, you are not rewarding distilleries by selling it, and only punishing yourself if you just pay to store it instead.

    34. CFCYYZ on

      I hereby offer to store two cases for two years in exchange for 2 bottles on returning the cases / LCBO demand.

    38. blonde_discus on

      Offer it to small restaurant/bar owners in good standing at cost or a heavy discount.

      Alternatively, do the same for Ontarians to celebrate Canada Day.

      Flooding the market with it at firesale prices will also further devalue the U.S. products.

      Regardless, any future deals with U.S. companies should be on a strictly consignment basis.

    39. CrazyButRightOn on

      Store in at my property for free.

      It’s like their complaining when the LCBO profits declined after private grocers started selling.

      This didn’t happen in Alberta when they privatized because they FIRED all of the ALCB staff and sold all of the stores. Now, they make more profit just wholesaling as the payroll and rent is a mere fraction of what is once was.

      C,mon Doug Ford, wake up and fix these problems.

    40. Strong_Still_1170 on

      In New Brunswick we are just slowly selling it off to customers. It’s their choice to buy or not. Most of our stores are sold out.

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