The Brewers Association (BA) ended 2020 with an operational net loss of $3.5 million, according to its 2020 stewardship report, which the organization released today. “No one was immune to hardship in 2020, including the Brewers Association,” president and CEO Bob Pease wrote in a note opening the report.
Brewers Association (BA) chief economist Bart Watson this week delivered his annual state of the industry report virtually for the second time, due to the 2020 cancellation and 2021 postponement of the Craft Brewers Conference, now slated to take place this fall. In 2020, the nation’s 8,764 craft breweries posted a 9% decline in beer volume, so Watson delved into the market forces and consumer trends that led to the first volume decline recorded in BA history during a webinar for members.
The Brewers Association (BA) released its annual craft brewery production report, which showed a 9% decline in 2020, in large part due to the COVID-19 pandemic. BA chief economist Bart Watson cautioned that the decline is not a perfect representation of the year for the nation’s 8,764 craft breweries.
The COVID-19 pandemic put hard times on the U.S. craft brewing industry in 2020, as production declined for the first time in the modern craft era, the Brewers Association (BA) announced today. The number of barrels produced by craft breweries had steadily grown in recent years, from 24.3 million barrels in 2016 to a peak of 26.3 million barrels in 2019.
The consumer-facing, in-person Great American Beer Festival tasting event will not take place for a second consecutive year due to the COVID-19 pandemic, the Brewers Association (BA) announced today. However, the competition that accompanies the festival will go on as planned this year, while the in-person event is slated to return in 2022 for GABF’s 40th anniversary.
The Brewers Association (BA) released its annual top 50 rankings of craft breweries by beer sales volume in 2020. Although there was some jockeying for position, the top of the list remained largely unchanged, with D.G. Yuengling & Son, Boston Beer Company and Sierra Nevada holding down the top three spots again.
Congress passed the $1.9 trillion COVID-19 relief package, which now advances to President Joe Biden for an expected signature.
Eight in 10 regular craft beer drinkers believe breweries should be allowed to ship beer directly to consumers in more states than the 13 where the practice is legal, according to a study published by the Brewers Association (BA) and Sovos ShipCompliant.
Oregon lawmakers are considering a tax hike on alcoholic beverages that would increase taxes on malt beverages by $70 per barrel. The U.S. House of Representatives passed the American Rescue Plan, a $1.9 trillion pandemic relief bill in the early hours of Saturday, February 27. The bill includes a $25 billion fund for grants for bars, restaurants and breweries.
Consumers spent $97 million on craft beer through e-commerce in 2020, which accounted for 24% of all beer category dollar sales online. In brick-and-mortar stores, however, craft beer makes up 12.6% of all dollar sales. In fact, craft has the second largest dollar share behind flavored malt beverages (32%), which include hard seltzers.
Several pieces of legislation working their ways through Congress would bring much needed relief to the hospitality industry — including breweries, brewpubs and taprooms — as they continue to struggle during the COVID-19 pandemic.
A new version of the Restaurants Act, which would provide $120 billion in grants to bars and restaurants, was introduced in both the U.S. Senate and House of Representatives on February 4. The bill now includes “brewpubs, tasting rooms, taprooms, and licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products,” the Brewers Association said.
The Brewers Association (BA) is urging the Can Manufacturing Institute (CMI) to ensure that small and independent craft brewers have access to aluminum cans amid the years-long inventory crunch beverage producers are now facing. In a letter to the CMI, BA president and CEO Bob Pease painted a dire picture for the nation’s nearly 8,400 craft brewers. “These businesses will simply not survive that long without cans,” he wrote.
Did the pandemic really cause a bump in sales of so-called tried and true flagship brands in 2020? Not really, writes Brewers Association chief economist Bart Watson in his latest members’ only column.