Brewbound Voices was created with the goal of providing readers valuable insight into areas like finance, investment, branding, marketing, sales, and distribution. The column serves as an avenue for experts to contribute their knowledge to our readership. Interesting in writing for Brewbound Voices? Email pitches to news@brewbound.com.
As the non-alcoholic beer market continues to grow – potentially to $40 billion by the end of 2023 – it is imperative that brewers are aware of any regulatory guidelines associated with the production and sale of these beverages.
The beer industry is crowded. Distributor warehouses are swollen. Customers are overwhelmed and exhausted with the number of breweries and paralyzed by the amount of products on shelves. But there are still ways to stand out.
In some corners of the craft beer world, the moniker “sell out” remains a label to be avoided at all costs. The word craft itself implies a certain stubborn independence, so when smaller independent breweries are sold to larger brewers or to the dreaded “private equity concern,” there is almost always a chorus of doom.
A significant part of the success of New Jersey’s vibrant craft brewing industry has been driven by the ability of consumers to sample breweries’ products at their tasting rooms, a specific retail privilege granted under the 2012 limited brewery statute. However, the statute unfortunately did not set forth any parameters under which craft breweries could operate their tasting rooms – thus leaving the rapidly expanding industry with little explicit guidance.
In part one of this three-part Brewbound Voices series, CODO Design’s Isaac Arthur and Cody Fague share excerpts from their new book on Brand Architecture, The Beyond Beer Handbook. Part book, part quiz, and part choose-your-own-adventure-style novel, The Beyond Beer Handbook is a purpose-built tool for helping expand your brewery’s portfolio and build a more resilient business.
For the last 22 years, Neal Stewart worked in sales and marketing leadership roles for several breweries, As he exits the beer business, he shared his views on the state of the industry and thoughts on the challenges workers in the beer business face in regards to mental health.
Beverage manufacturers are faced with a competitive market, tight labor pool, inflation, and trends showing regularly shifting consumer purchase behaviors. It’s more important than ever before to use technology that modernizes beverage businesses to keep brands agile and in sync with consumer demand.
Shifting market dynamics in the beverage-alcohol industry have forced many manufacturers, distributors, and retailers to assess their business and rethink the way they operate to meet consumer demand. Labor challenges, limited packaging supplies, increasing fuel costs, and more inflationary headwinds are causing major supply chain issues, including more frequent out-of-stocks.
Craft brewers who care about providing innovative benefits, competitive compensation, and tools for employee engagement might consider employee ownership as a part of a strategy to achieve these goals. Employee ownership provides a way for the current owners to sell their shares and also to create a unique employee benefit whose value is tied directly to the success of the business.
Brewery metrics and key performance indicators are used to benchmark and compare financial performance so that you can increase profitability and cash flow. In this article, we’ll review commonly used brewery ratios and industry averages. We’ll explore how to calculate these metrics and build scorecards to present the information.