NBWA CEO Craig Purser talks to The Wall Street Journal about expiring beer
Today The Wall Street Journal examined the issue of what to do with the roughly 10 million gallons of beer stranded in closed venues from March that is heading toward its expiration date. “This was the absolute worst time for this to happen for draft beer,” said Craig Purser, president and CEO of the National Beer Wholesalers Association. According to NBWA figures, unsold and expiring beer could cost the beer industry as much as $1 billion.
Glazer’s Beer & Beverage supporting the service industry
Glazer’s Beer & Beverage in Texas is giving back to San Antonio’s service industry by supporting the Culinaria Emergency Relief Fund, which provides free meals to workers in the hospitality and service industries. Glazer’s Beer & Beverage is donating $20,000 and will continue to donate $1 for every “Brown Box” case of Miller Lite or Coors Light sold at local grocery stores.
NBWA Chief Economist Lester Jones finds beer buyers sticking with trusted brands
With most Americans still under stay-at-home orders, demand is brisk for six-packs and cases. Another trend according to Lester Jones, chief economist at the National Beer Wholesalers Association: When consumers are purchasing beer at grocery stores they are sticking to brands they trust. Talking with The Hill newspaper in Washington, D.C., Jones noted that, “Right now, having an established brand is really important.”
A nearly $500 billion COVID-19 bill was signed into law today which also replenishes the small-business loan program. The Paycheck Protection Program, or PPP, created by the CARES Act, was passed late last month and provides loans to small businesses that keep their employees on the payroll. However, the program quickly ran out of money due to heavy demand.
This video is sure to put a smile on your face. Take a look back at when Tri-Eagle Sales in Florida and the Budweiser Clydesdale horses participated in a local horse parade.
