Royal Unibrew will acquire Toronto-based company Amsterdam Brewery Co. Ltd. for $44m CAD ($34m USD); helping boost production in North America.
On July 13, the top story on The New York Times’ homepage wasn’t about the war in Ukraine, the January 6 Committee hearings, or President Biden’s diplomatic trip to the Middle East. It’s about inflation, which rose to 9.1% in June, its highest rate since 1981.
Fresh off the heels of opening a new distribution center, Hi-Wire Brewing has unveiled 2022 expansion plans for its Biltmore Village Production Brewery and South Slope Specialty Brewery, both located in Asheville, N.C., in addition to the opening of three new taprooms in the same year.
Each year, craft breweries across the nation roll out new limited release beers to entice beer drinkers through the seasons but few can tantalize fans with rebrews of recipes tried, true and back only by popular demand. Stone Brewing announces its line-up of Stone Fan Favorites, voted on by loyal fans of Stone’s prolific 25-year brewing history.
The National Beer Wholesalers Association (NBWA) recently released the Beer Purchasers’ Index (BPI) for December 2021. This December’s total index reading of 71 is the highest ever recorded for a December survey. Continued supply chain challenges combined with planned/expected price increases in 2022 are driving higher index readings as distributors and retailers seek to build their inventories heading into the new year.
The current state of affairs for shipping beer direct to consumers (DTC) is not that great. Breweries in the United States can only ship to nine states plus the District of Columbia, which equates to only 17% of the U.S. population. For comparison, U.S. wineries can ship to 47 states and 97% of the U.S. population. Beer DTC is still in a state of infancy, but the good news for breweries is there’s a tremendous amount of untapped opportunity.
The creativity of craft breweries is not limited to their beers. Each year Craft Brewing Business catalogues the inventive, fun, inspiring and possibly insane marketing ideas breweries promoted, and now that NFTs are a thing, craft beer marketing in 2021 entered new planes of reality. Here are the events, promotions and sales gimmicks that stood out to them this year.
The Spoetzl Brewery in Shiner, Texas, craft-brewer of the iconic Shiner Bock, announced a $100,000 contribution to the American Red Cross to support relief efforts in those areas most impacted by the deadly and destructive, late-season tornado outbreak across portions of the Southern U.S. and Ohio Valley on December 10th and 11th.
The modification and improvement in the taste of craft beer will foster healthy growth of the market, according to a new report. The global craft beer market size stood at US$89.25 billion in 2019 & is projected to reach US$190.66 billion by the end of 2027, at a CAGR of 10.4% in the forecast period, according to data from Fortune Business Insights.