Industry News

European Tariffs Threaten the Entire American Wine Industry

Tim McKirdy - - Vinepair

Three months ago, the Trump administration imposed 25 percent tariffs on numerous imported European Union (E.U.) goods, including wine, cheese, whisk(e)y, and olive oil. This happened in October, but you may have missed its announcement — a few extra dollars per bottle of Bordeaux doesn't typically command headlines, especially with other high-profile political events demanding our attention.

US ALCOHOL SALES RISE AT HIGHEST RATE SINCE LOCKDOWN PEAK

Edith Hancock - - The Drinks Business

The rapid growth of alcohol sales in the retail sector shows no signs of slowing, as some states in the US begin to loosen lockdown restrictions.

The week ending 2 May represented the strongest growth rate for alcohol since the “peak pantry-loading week” ending 21 March, according to figures from market research firm Nielsen.

How Will Coronavirus Impact Craft Beer?

Mike Pomranz - - Food and Wine

For generations, in times of stress, beer has offered an outlet: a chance to relax and a chance to socialize. Unfortunately, in these stressful times of social distancing, quarantines, and bar closures, the coronavirus has stripped beer of half its powers: It can still intoxicate, but it shouldn't socially lubricate. So the question becomes what does that mean for the brewing industry? Clearly, fewer people will be going out to drink, but will more people be stockpiling at home? And what about smaller breweries that rely on taproom sales?

Coronavirus lockdown could cost the beer industry $1 billion in untapped beer

Zach Guzman - - Yahoo Finance

Perfectly good beer is going bad in kegs in thousands at a time.

That’s the problem facing brewers, distributors and bars that are dealing with a massive supply of untapped kegs spread out across the country as the coronavirus lockdown persists. 

On-demand food delivery apps are letting minors order alcohol, regulators say

Nick Statt - - The Verge

Food and beverage delivery services like DoorDash, Postmates, and Uber Eats aided in a surge of alcohol deliveries to underage minors in California last month, the state's Department of Alcoholic Beverage Control (ABC) found in a new investigation. And because of relaxed restrictions around alcohol takeout and delivery during COVID-19, the issue is getting worse, regulators say.

REBALANCING THE ‘COVID-19 EFFECT’ ON ALCOHOL SALES

- Nielsen

While approximately half of U.S. states plan to be partially re-opened by mid-May, nearly two months of lockdown orders have had an inordinate impact on the alcohol industry. Shelter-in-place restrictions have muted on-premise sales, and overall economic impacts to consumers and supply chain issues present challenges to a healthy retail sales outlook. Despite booming in-store and online sales, the reality is that the alcohol industry has a long road ahead to get to where conditions were before COVID-19.

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