Category: Business of Beer
Industry news related to the brewing industry and the business of beer
News Bart Watson’s Peek at the Industry in 2021
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.
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News Oregon Issues New Guidance for Hard Seltzer
Hard seltzers are prompting some states to reevaluate where the product “fits in” to the regulatory structure given that seltzers are neither malt based or fruit based. Recently, Oregon issued clarification pertaining to the classification of hard seltzers in the state. The guidance impacts the majority of hard seltzers in the market, most notably on excise tax and licensing needed to produce or sell hard seltzers in the state.
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News On Premise Business Holding Steady
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.
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News Cans Make Up Nearly Half of All Craft Beer Package Sales in 2020
Cans now make up 44% of all packaged craft beer sales according to an annual packaging study done by Bart Watson, economist at the Brewers Association. The study compared the sales of cans versus bottles in different pack configurations, including 4-pack, 6-pack, 12-pack and loose.
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News CBC Rescheduled for Sept. 9-12 in Denver
The 38th edition of the Craft Brewers Conference and Brew Expo America has been rescheduled as an in-person event to be held in Denver on September 9-12, 2021. The annual conference and trade show was originally scheduled to take place in San Diego, March 29-April 1, 2021, but was cancelled due to the pandemic.
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News Tips on Making Alcoholic Ice Cream
As the pandemic forces brewers to innovate to stay afloat, a growing trend among craft brewers is to utilize alcohol in ice cream and freezer pops, which can be sold in the retail freezer or direct to consumer at the brewery. As this practice gains popularity, more states are approving the manufacture and sale of these items.
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News BA Launches Mentorship Program to Increase Diversity in the Industry
According to a statement issued today, the Brewers Association has launched a new Mentorship Program to increase the diversity of the workforce, leadership, and ownership of craft breweries by providing structured mentoring and advocacy to those who may be experiencing barriers to access or advancement in the industry.
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News After 10-Year Effort – MA Finally Gets Franchise Reform
After a 10-year effort to pass franchise reform in Massachusetts, the Mass Brewers Guild and the Massachusetts Wholesalers Association have finally forged a compromise. Senate Bill 2841 was passed by Massachusetts lawmakers in a final vote yesterday.
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News Federal Legislation Provides Array of Loans and Grants for Small Businesses
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.
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News Done Deal – CBMTRA Tax Reduction Become Permanent
After days of drama on Capitol Hill, the year-end legislative package that includes the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was signed into law making the existing federal excise tax rates for small and independent breweries permanent.
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News One View – Top Five Craft Beer Trends in 2021
Posted by Tom McCormick
Long-time industry beer writer Jay Brooks shares his crystal ball view of the top 5 trends in craft beer for the new year.
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