New National Beer Wholesalers Association (NBWA) chairman Peter Heimark laid out his vision for what beer (and beverage) wholesalers will be facing over the next year during his remarks at the NBWA’s annual conference Tuesday.
Beer volumes will be flat in 2022 and for the next several years, due to a drastic slowdown in the previously meteoric growth of hard seltzer, distributors told financial services firm Jefferies in a recent survey.
Anheuser-Busch InBev (A-B) is exploring selling some of its German beer brands, valued at $1.2 billion, Bloomberg reported Monday, citing “people familiar with the matter.”
Karma Water is the latest established beverage brand to enter the CBD space, announcing today the launch of Karma CBD Water, a new line developed in collaboration with Canopy Growth scheduled to roll out next year.
Beer makers aren’t the only ones rebranding to embrace beverages. The National Beer Wholesalers Association (NBWA) unveiled a new logo and tagline today: “America’s beer and beverage distributors.”
Cannabis sales in the U.S. are predicted to surpass $24 billion this year, a growth of 38% compared to 2020, according to BDS Analytics (BDSA), a Colorado-based global cannabis market research firm.
The nation’s beer wholesalers and beer industry executives will meet in Las Vegas this week for the National Beer Wholesalers Association’s (NBWA) annual convention, and the meeting’s arrival comes amid turbulence. Large wholesalers continue to consolidate within the middle tier, while at least one New England craft-focused wholesaler has thrown in the towel. The pace of consolidation chugs on even as President Joe Biden has tasked the Treasury with examining competition within the beer industry at large, and that’s led to comments from at least two trade groups calling into question these mergers’ effect on the competitive landscape.
The Brewers Association issued a second round of comments to the Department of Treasury laying out the competitive challenges facing craft brewers, focusing on wholesaler consolidation, market access issues and restrictive state laws.
Jack’s Abby Craft Lagers must continue to sell its products to Atlantic Importing and Distributing of Rhode Island as the lawsuit between the two moves to trial, a Rhode Island Superior Court judge ruled Thursday.
Key services performed by the Department of Treasury’s Alcohol and Tobacco Tax and Trade Bureau (TTB) will be paused if the government shuts down this week, TTB deputy administrator David Wulf said during the Beer Institute (BI) annual membership meeting this week.
Beer industry veteran Simon Thorpe has emerged as part of the team behind SUNiCE, a pouch-packaged alcoholic beverage brand for a generation of legal-drinking-age consumers who grew up on Capri Sun pouches, Kool Aid Jammers and Hi-C juice boxes.