The National Beer Wholesalers Association (NBWA) released the Beer Purchasers’ Index (BPI) for July 2021. The “at-risk” inventory index is at 35 (inventory at risk of going out of code in the next 30 days) which is still well below 50, signaling continued supply constraints and out-of-stocks in distribution.
The NBWA’s Beer Purchasers’ Index is a forward-looking indicator for distributors to measure expected beer demand. The index surveys beer distributors’ purchases across different segments and compares them to previous years. A reading greater than 50 indicates the segment is expanding, while a reading below 50 indicates the segment is contracting.
The index also picked up a significant directional shift in the FMB/seltzer segment with a 25 point drop, decreasing from a reading of 94 in July 2020 to 69 in July 2021. However, the FMB/seltzer segment is still expanding and growing, as indicated by the above 50 reading.
See the full report here.