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Tennessee Businesses Watch Brexit Closely

Posted at 7:46 PM, Jun 30, 2016
and last updated 2016-06-30 21:02:31-04

Served in 160 countries worldwide, Jack Daniel's is the most distributed whiskey in the word, serving patrons from Lynchburg, Tennessee, to countries on the other side of the globe. 

"Since we are a global brand, there's quite a bit of international exchange," Steve May, director of Lynchburg Homeplace for Jack Daniel's, said. "We're diligent about keep our eyes on things." 

While the United States is the number one customer for Jack Daniel's Tennessee Whiskey, the United Kingdom is the second largest consumer of the beverage, so when the United Kingdom started discussing the "Brexit", Jack Daniel's was all ears, and they weren't alone. 

Last year businesses in the state of Tennessee exported about $1 billion worth of products to the United Kingdom, with aerospace products being the top export, followed by beverages, like Jack Daniel's. 

On the other end, about $1.4 billion worth of goods were imported from the U.K. to Tennessee, showing just hwo important keeping up relations with the United Kingdom is for the businesses of the Volunteer State. 

"We obviously have to embrace what's going on there and understand it and be sure that we're ready for what changes are going to occur," May explained. 

Regardless of the changes due to the United Kingdom leaving the European Union, Jack Daniel's plans to continue to produce and deliver Tennessee's finest whiskey to the U.K.

"We're a big economic engine for the state of Tennessee, and we're proud of that," May said.