BA: Brewery Sales Dropping Sharply, Many Set to Close

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ryanmetcalf
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BA: Brewery Sales Dropping Sharply, Many Set to Close

#1 Post by ryanmetcalf » Tue Apr 07, 2020 1:01 pm

Bad news coming out of the newest BA member survey

https://www.brewersassociation.org/insi ... -to-close/

Brewery Sales Dropping Sharply, Many Set to Close
Last week, the Brewers Association launched the second of our surveys designed to gauge the impact the current COVID-19 pandemic and subsequent social distance public health measures are having on small brewers. The results of the first survey can be found here.

The results show a sharp drop in craft category sales, massive furloughs or layoffs, and the high likelihood of large numbers of brewery closings without a swift end to social distance measures—which looks increasingly unlikely—or rapid government support for small brewers and hospitality more broadly.

A majority of breweries do not think their business can last three months given current conditions, suggesting thousands of closings.

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