Inflation is hitting highs not seen in 30 years. Working families face high prices for gas and groceries just as the country struggles to recover from the global pandemic. Supply chain shortages, shipping delays, and labor issues put further pressure on an already strained economy and local…
Inflation is hitting highs not seen in 30 years. Working families face high prices for gas and groceries just as the country struggles to recover from the global pandemic. Supply chain shortages, shipping delays, and labor issues put further pressure on an already strained economy and local industries, including the U.S. beer industry.
According to a survey conducted in January on behalf of the Beer Institute by Bully Pulpit Interactive, a majority of registered voters in six key battleground states name the cost of living as a top concern. Eighty-six percent say the cost of living is headed in the wrong direction. Seventy-seven percent of voters in these states are concerned about affording food for their families.
Worse, tariffs threaten jobs and long-term investment in the United States. Since 2010, we have seen more than 10,000 new breweries permitted, and today, from agriculture and manufacturing to construction and transportation, the beer industry supports more than 2 million U.S. jobs and contributes more than $331 billion to the nation’s economy. Consumers are benefiting from the growing number of brewers and beer importers, with more choices for beer than at any other time in our nation’s history.
The cost of aluminum has dramatically increased over the last few years and continues to rise, hitting prices we have never seen before. These price increases come as the demand for aluminum is at an all-time high. More than 74% of beer manufactured in the U.S. is packaged in aluminum cans and bottles, and aluminum is the single largest input cost for American brewers. In 2020, brewers bought more than 41 billion aluminum cans and bottles, 4 billion more than before the pandemic.
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