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March 18, 2020

 

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TODAY'S NEWS

IRS to delay the April 15 tax deadline by 90 days

This week, Treasury Secretary Steven Mnuchin stated that the IRS would postpone the April 15 tax deadline by 90 days for millions of individuals who owe $1 million or less and corporations that owe $10 million or less.

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Trucking industry keeps the supply chain rolling

There is plenty of food and “this isn’t a supply chain disruption,” says Andrew Novakovic, agricultural economist at Cornell University. American Trucking Association spokesman Sean McNally says “trucks are still moving and delivering to grocery stores,” and that we have not seen an exacerbated truck driver shortage.

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On-premise beer outlook

How big are on-premise sales for the beer industry? National Beer Wholesalers Association Chief Economist Lester Jones told Brewbound that on-premise sales account for roughly 20% of the total beer volume. “Craft is over indexed to on-premise, so they will take a disproportionate hit” during the COVID-19 outbreak, he said. 

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Amazon adds 100K warehouse and delivery roles to meet demand

Amazon will open 100,000 full- and part-time positions in its fulfillment centers and delivery network as it sees a spike in demand for e-commerce during the COVID-19 situation.

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The best-selling beers in the US? American beer

In this list compiled by VinePair, of the 202 million barrels of beer shipped in 2018, Americans preferred to drink beer produced in the United States. A total of 82% of all beer consumed in 2018 was produced domestically, and just seven of the top 25 beer brands were imported. Check out the article for the full beer rankings.

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