For the first time, more craft beer breweries are shutting down than opening up.Breweries and taprooms are dealing with rising supply costs while demand for beer is slipping, according to the Brewers Association.Bart Watson is the president and chief executive officer of the Brewers Association. Watson said things got worse for many craft breweries during the COVID-19 pandemic.”The pandemic obviously also had secondary ripples for the economy, for supply chains and it changed consumer patterns overall. We are seeing people certainly spend as much at bars and restaurants as they did before, but they are doing so in different ways – more to go and delivery.”BUD LIGHT TO SPEND ‘HEAVILY’ ON MARKETING AFTER DYLAN MULVANEY CONTROVERSYLast year, beer sales dropped 2% nationwide, and in Colorado, beer sales fell by over 3%, according to the Colorado Liquor Enforcement Division.AMID CANCER CONCERNS, COULD MORE DRINKERS TURN TO NO- AND LOW-ALCOHOL DRINKS?Even though Colorado has the fourth most breweries of any state, right behind Pennsylvania, New York, and California, it saw some of the highest number of closures last year, according to the National Brewer Association.FOR TAP BEER, THIS ANHEUSER-BUSCH BRAND IS NOW TOPS”Some of the most challenged regions are some of the
