NBWA’s Beer Purchasers’ Index shows the impact on craft
Brewbound reported on NBWA’s April Beer Purchasers’ Index (BPI) which indicated a contracting beer market. The craft beer segment has been affected by the economic shutdown and as a result had a reading of 14, the segment’s lowest on record. For comparison in April 2019, craft beer had a BPI reading of 59.
The Small Business Administration (SBA) has extended the safe harbor deadline to return Payment Protection Program funds to May 14th (originally May 7th). Additionally, the SBA has stated that it plans to provide additional guidance on how it will review the certification prior to the May 14 deadline.
Throughout the COVID-19 crisis, restaurants have been thinking outside the box with their menus and branding as they learn to adapt to an off-premise system. “You’ve got to be creative and try something,” says Dan Flesichmann, vice president of Kitchen Fund, which invests in early-stage restaurant concepts.
