U.S. brewers shipped an estimated 16 million barrels of beer in June 2022, a -3.3% decline (or -540,652 barrels of beer) compared to June 2021, the Beer Institute reported, citing domestic tax paid shipments from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Ale Asylum permanently closed last week after 16 years, after a planned sale of the brewery failed to come to fruition, the Madison, Wisconsin-based brewery announced on its website and social media channels Friday.
After a successful trial, Constellation Brands will expand its Modelo line extension Oro nationwide in March 2023, the company announced. Modelo Oro – a lower-calorie, lower-carbohydrate light beer intended to appeal to drinkers looking for better-for-them options – was one of several innovation productions Constellation introduced this spring for simultaneous test launches in various markets.
Global hop acreage grew +0.8% to 62,886 hectares (nearly 155,395 acres) in 2021, increasing for the eighth consecutive year, global hop supplier BarthHaas reported Monday.
Sierra Nevada announced last week the closure of its Berkeley, California-based Torpedo Room satellite taproom after nearly a decade in business.
Anheuser-Busch InBev (A-B) will lay off 142 employees from its AB ONE operations, following the sale of the Oakland, California-based wholly owned distributor, the San Francisco Business Times reported.
Boston Beer Company’s leadership admitted the company has not performed “as expected” so far this year, lowering its guidance to a volume loss between -2% and -8%, during an earnings call with investors Thursday afternoon.
Beverage manufacturers are faced with a competitive market, tight labor pool, inflation, and trends showing regularly shifting consumer purchase behaviors. It’s more important than ever before to use technology that modernizes beverage businesses to keep brands agile and in sync with consumer demand.
E-commerce beverage-alcohol platform Provi defended its antitrust lawsuit against Southern Glazer’s Wine and Spirits and Republic National Distributing Co. (RNDC) this week, arguing the two distribution giants have relayed a “misleading narrative” to the court, Law360 reported.
Wholesalers gave highest marks to Anheuser-Busch InBev, Boston Beer Company and Constellation Brands Beer Division in Tamarron Consulting’s annual survey of distributors’ perception of key beer industry suppliers.
Due to the “greater than expected continuing decline in demand in the hard seltzer category,” Boston Beer Company has “reduced” its fiscal year 2022 volume and earnings guidance, founder and chairman Jim Koch said in a press release announcing the company’s Q2 2022 results.
Non-alcoholic beer, the convenience channel and imports are three bright spots in the beer business for the second quarter of 2022, according to bev-alc data firm 3 Tier Beverages. In this new quarterly series – 3 Up, 3 Down – Stephanie Roatis, 3 Tier consultant, product team, identifies three winners and three losers across bev-alc scan data.
Simply Spiked – the hard lemonade Molson Coors launched this summer in partnership with Coca-Cola – has taken the FMB corner of the bev-alc world by storm. Joy Ghosh, VP of marketing for above premium brands and FMBs at Molson Coors, joins the Brewbound Podcast to discuss the company’s launch strategy, new campaigns and plans… Read more »
Brewbound’s next Brew Talks in-person meetup is less than a week away. The conversation and networking series will roll into the Samuel Adams brewery in Boston’s Jamaica Plain neighborhood on Wednesday, July 27, with two high-level, business strategy-focused discussions, plus an overview of the issues facing Massachusetts craft breweries. Tickets are still available, with some of the proceeds going to the Massachusetts Brewers Guild.
