An Online Resource Serving The Beer Industry
News/ Business of Beerposted by Tom McCormick
It has been a grueling, long hard challenge for many in the hospitality and alcohol beverage industry just to stay alive over the last year. With declining Covid cases and deaths and the vaccine slowly but surely rolling out, many in the industry are asking “what’s next” for the industry and the economy.
Read more...News/ Business of Beerposted by Tom McCormick
Draft “self-pour” systems, where the customer pours beer from the tap faucet themselves with payment made by a credit card tied to an RFID card that dispenses the beer automatically, have grown popular during the pandemic. The systems are being touted to consumers as less contact with servers and being marketed to retailers as a way to save waste at the faucet. The systems are said to increase profit margin to the retailers by as much as 21% on each keg.
Read more...News/ Business of Beerposted by Tom McCormick
The British Beer & Pub Association (BBPA) estimated that up to 87 million pints of beer could have been poured down the drain since the pandemic started, costing the beer and pub sector over $454 million.
Read more...News/ Business of Beerposted by Tom McCormick
The Occupational Safety and Health Administration (OSHA) has issued stronger worker safety guidance to help employers and workers implement a COVID-19 protection program and better identify risks which could lead to exposure and contraction, according to a statement from the Brewers Association.
Read more...News/ Business of Beerposted by Tom McCormick
Continuing our series on trends for the new year, there are some common themes showing up. Business will not go “back to normal” for craft brewers as the pandemic subsides. Certain trends that helped keep breweries alive in the past 12 months have been adopted by consumers, maybe for good.
Read more...News/ Business of Beerposted by Tom McCormick
Although some areas of the country are currently allowing outdoors dining and even indoor dining with capacity limits, many areas are still requiring that restaurants remain closed except for take-out..
Read more...News/ Business of Beerposted by Tom McCormick
With independent craft brewers projected to be down by roughly 8% in 2020, Bart Watson, economist for the Brewers Association said in an interview with Forbes said he predicts a return to growth in 2021, but not back to the level of growth the industry saw in the pre-pandemic years.
Read more...News/ Business of Beerposted by Tom McCormick
Data from Nielson CGA shows that 50% of consumers have gone out to the on premise for an eating occasion since venues reopened, and 17% for a drink led occasion. This has stayed relatively even for several months now and may indicate an end to the decline in business since the pandemic began in March of last year.
Read more...News/ Business of Beerposted by Tom McCormick
Nielsen CGA data, which tracks sales volume in the on-premise restaurant and bar sectors has released their data for last year. No surprise, the results show the devastating impact of the covid pandemic.
Read more...News/ Business of Beerposted by Tom McCormick
The COVID-19 relief bill, signed on Dec. 27th as a part of a broader legislative package, will provide a variety of relief elements for craft brewers including an additional Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL) and grants, Small Business Administration (SBA) Programs and Loan, Employee Retention Tax Credit and others.
Read more...News/ Business of Beerposted by Tom McCormick
The president of South Africa, Cyril Ramaphosa has placed a ban on all on-premise and off-premise sales of alcohol in the country due to the rising cases of coronavirus.
Read more...News/ Business of Beerposted by Tom McCormick
Denver’s Falling Rock Tap House is selling off vintage bottles of beer it has collected over the years to generate revenue to stay in business.
Read more...News/ Business of Beerposted by Tom McCormick
The U. S. Congress has passed legislative making the existing federal excise tax rates for small and independent breweries permanent, according to a release from the Brewers Association.
Read more...News/ Business of Beerposted by Tom McCormick
According to Nielsen CGA’s latest Impact Report, 50% of consumers have gone out to the on-premise to eat in the past 2 weeks, slightly down from 54% in the November survey. The report attributes the decline to tighter restrictions across a number of states.
Read more...News/ Business of Beerposted by Tom McCormick
After record participation in support of the Brewers Association’s ‘Small Brewery Sunday’ campaign, the association will continue the drumbeat to support small and independent breweries through the holidays with a new series of paid social ads on Facebook and Instagram.
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Casualties of the the COVID-19 crisis are starting to stack up. 3 Floyds Brewing is permanently closing its well-known and acclaimed brewpub in Munster, Indiana.
Read more...News/ Business of Beerposted by Tom McCormick
In a survey conducted by Craft Brewing Business, craft beer consumers purchasing beer to-go from local breweries listed “adherence to COVID-19 protocols such as cleaning, sanitation and social distancing” as a key factor in determining which brewery they buy from.
Read more...News/ Business of Beerposted by Tom McCormick
According to IWSR Drinks Market Analysis, alcohol beverage will be down by 8% versus 2019 across 19 global markets due to the worldwide pandemic. The U.S. and Canada are bright spots with each expected to show volume growth this year of over 2% total.
Read more...News/ Crisis Responseposted by Tom McCormick
Grocery stores and other food retailers are a clear winner in the pandemic era with profits up by an average of 39% in the first half of the year according to an article in the Detroit Free Press.
Read more...News/ Business of Beerposted by Tom McCormick
It’s hard to get a good number on exactly where beer sales are in this pandemic year. But in “reporting states” such as Oregon, a clearer picture is coming into view. Sales volumes reported to the Oregon Liquor Control Commission by breweries are down about 28% from last year, and the number of breweries reporting has dropped by 25, a nearly 10% decline.
Read more...News/ Crisis Responseposted by Tom McCormick
Anheuser Busch-owned 10 Barrel Brewing announced that they will permanently close their San Diego brewpub location.
Read more...News/ Business of Beerposted by Tom McCormick
California Governor Gavin Newson announced today a new stay “stay home” order that will close brewery and winery tasting rooms, bars and pubs and all indoor and outdoor dining at restaurants.
Read more...News/ Crisis Responseposted by Tom McCormick
All hospitality outlets in Wales will be banned from selling alcohol to stem the latest surge on COVID cases.
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Founders Brewing Company has announced temporary layoffs of employees due to the coronavirus pandemic for the second time this year. A total of 89 employees will be affected.
Read more...News/ Business of Beerposted by Tom McCormick
An article in the Drinks Business says that data released by Public Health England (PHE) last week, based on information from the NHS Test and Trace app, supermarkets, not pubs, are the most common places visited in the days before a positive coronavirus test.
Read more...News/ Business of Beerposted by Tom McCormick
Iconic Philadelphia craft beer bar the Grey Lodge has announced that they will close for good due to COVID restrictions.
Read more...News/ Business of Beerposted by Tom McCormick
Although alcoholic beverages have performed “better than expected” on a global basis, according to a report by IWSR, total wine and beer are both forecasted to be down about -9% in 2020 and are each unlikely to regain volumes for several years. Low-and-no alcohol beer, however, is a “bright spot for the category, as moderation and wellness trends continue to resonate with consumers,” according to the report.
Read more...News/ Crisis Responseposted by Tom McCormick
Multiple cities and states are imposing or threatening to impose new shutdown orders for restaurants and bars due to a nationwide uptick in Coronavirus cases. The closures and additional restrictions will mean that beer sales are likely to slump once again in the on-premise retail sector.
Read more...News/ Business of Beerposted by Tom McCormick
The pandemic has turned the beer industry upside down, closing off or limiting most on-premise retail accounts and placing severe limitations on brewery tasting rooms. Thankfully, the off-premise has helped, but many craft brewers don’t have access to the grocery store sets. And that is why more and more craft brewers are turning to e-commerce direct-to-consumer (DTC).
Read more...News/ Business of Beerposted by Tom McCormick
Despite significant drops in average on-premise outlet sales, new BeverageTrak data from Nielsen CGA revealed several new positive trends for on-premise businesses struggling in the wake of COVID-19.
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