The near-nationwide shutdown of the on-premise channel will result in a loss of $8 billion for the beer industry if it continues into June, National Beer Wholesalers Association chief economist Lester Jones said during a State of the Industry webinar hosted by the NBWA and the Beer Institute (BI).
Portland, Oregon-headquartered Columbia Distributing has laid out its plan for addressing the voluminous amount of out-of-code beer at bars and restaurants in its three-state footprint that were forced to temporarily close in mid-March in an effort to stop the spread of the COVID-19 outbreak.
This week’s Brewbound Frontlines panel discussion features Mass. Bay Brewing co-founder and CEO Dan Kenary and Deschutes Brewery founder Gary Fish. These leaders will share how they’re responding to current challenges as well as discuss long-term implications for the beer industry.
After a corporate restructuring in the fourth quarter of 2019 and a bevy of new products hitting the market in the New Year, Molson Coors Beverage Company was poised for a strong 2020. But then the COVID-19 outbreak shutdown on-premise bars and restaurants in mid-March, and everything changed. In the first quarter of 2020, Molson Coors’ net sales revenue declined 8.7%.
Fintech, a Tampa, Florida-based data, analytics and invoice processing platform for wholesalers, has acquired Armadillo Insight, a craft beer data and insights firm that specializes in chain retail placements.
BeerBoard founder Mark Young has his eye on the future of on-premise retail, whenever it returns from a forced but temporary shutdown caused by the COVID-19 pandemic.
As its home state of Georgia became the first to lift social distancing restrictions last week, Atlanta-based Monday Night Brewing conducted a poll to gauge consumer sentiment toward returning to normal and found that nearly 75% of drinkers don’t expect to visit a taproom until June at the earliest.
Brewbound’s live streamed virtual panel series Frontlines returns Thursday, April 30, at 3 p.m. ET with leaders from two top 20 craft breweries by volume, Deschutes Brewery and Mass. Bay Brewing Company.
Molson Coors today launched a new Coors Light campaign featuring voice over work from Billions star Paul Giammati.
The Brewers Association (BA) laid off 23% of its staff last week “in order to maintain the long-term viability” of the national trade group, which represents the interests of small and independent U.S. craft brewers.
Just across the Hudson River from Manhattan in Jersey City, New Jersey, Departed Soles Brewing founder Brian Kulbacki had to pivot his business from a thriving taproom to home delivery in the matter of an afternoon.
Beer category dollar sales in off-premise retailers tracked by market research firm Nielsen increased 12.3%, to $856 million, for the week ending April 18, compared to the same one-week last year.
The majority of New York craft brewers have seen their sales drop by 75% or more and nearly half have stopped production entirely, according to a survey conducted by the New York State Brewers Association (NYSBA).
More aid money is on the way for small businesses. President Donald Trump today signed into law a fourth stimulus package that includes $310 billion in additional funding for the Paycheck Protection Program (PPP), which ran out of money and stopped accepting applications on April 16.
