Beer industry depletions (sales-to-retailers) volumes tracked by beverage alcohol invoicing and logistics firm Fintech have increased 9% year-to-date through Week 27 compared to the same period last year, National Beer Wholesalers Association chief economist Lester Jones and Fintech director of distributors Jim Kallies shared yesterday during a quarterly review of the industry’s performance.
In a year when craft beer volumes declined for the first time in the modern craft era, drinker interest in craft beer did not abate, Brewers Association (BA) chief economist Bart Watson said during his presentation of the trade group’s annual consumer poll.
A bill introduced in the U.S. House of Representatives seeks to jumpstart business travel and dining to support the hospitality industry and would offer a tax credit for unmerchantable inventory that spoiled during the pandemic, including out-of-code beer.
New York Gov. Andrew Cuomo ended the state’s state of emergency on Thursday, which meant the expiration of delivery and to-go privileges granted to breweries, bars and restaurants during the pandemic. The New Jersey bill (S.B. 3452) that would have brought the state excise tax rate on spirits-based, ready-to-drink canned cocktails in line with beer has been pulled from consideration for now, sources confirmed with Brewbound.
On-premise sales velocity increased +78% in the week ending June 12 compared to the same time last year, according to the latest report from market research firm CGA.
Minhas Craft Brewery, the second-oldest continuously run brewery in the U.S., is producing Happy Dad Hard Seltzer, which was created by the Nelk Boys, a group of Canadian YouTubers with more than 6.6 million subscribers.
The craft segment’s slide into the red in off-premise scan data against tough year-ago comps may not be a bad thing for craft brewers, according to Brewers Association (BA) chief economist Bart Watson.
Beer consumption by Americans did not increase during the COVID-19 pandemic, according to research by Echelon Insights on behalf of the Beer Institute (BI), a national trade association.
Ball Corporation, the world’s largest manufacturer of aluminum beverage cans, will continue to allocate inventory to customers and import cans from overseas due to short supply throughout this summer, executive vice president and chief financial officer Scott C. Morrison said yesterday during a public session of the Deutsche Bank Global Basic Materials Conference. “In the Northern Hemisphere, both in Europe and U.S. we’ll be on allocation again this summer,” he said. “We’re coming into this summer in North America extremely tight on inventory.”
A nationwide truck driver shortage is causing headaches for several industries, including the beer industry. The U.S. pool of truck drivers with commercial drivers licenses (CDL) is 50,000-60,000 workers short of where it should be.
Anheuser-Busch (A-B) announced a national campaign with the White House today, incentivizing adults to get vaccinated by offering free beer.
Chicago Mayor Lori Lightfoot proposed a new business relief package Wednesday, which includes the implementation of a 10 p.m. curfew on off-premise alcohol sales; alcohol to-go sales and delivery will no longer be allowed in Massachusetts after the Commonwealth’s state of emergency ends June 15.
The U.S. beer industry’s economic output has increased by $4 billion since 2018, which is equivalent to 1.6% of the U.S. gross domestic product, according to the “Beer Serves America” report — a biennial study commissioned by the Beer Institute (BI) and the National Beer Wholesalers Association (NBWA).
Major U.S. events and celebrations in May led to large upticks in on-premise visits, according to the latest consumer survey from CGA, a market research firm that tracks on-premise sales.