By Mike Lennon on April 01, 2021
Cyber Incident and Texas Storms Will Delay Between 1.8 and 2.0 Million Hectoliters of Beer Production and Shipments
Brewing giant Molson Coors said that a disruptive cyberattack, combined with winter storms in Texas, could cost the company upwards of $140 million in short-term EBITDA.
The maker of popular beer brands in the U.S., including Coors Light, Miller Lite, Molson Canadian, Blue Moon, Carling, Coors Banquet, and others, revealed on March 11 that a cyberattack severely disrupted several parts of its business, including brewery operations, production, and shipments.
While the beverage giant says that substantial progress has been made in restoring impacted systems, production and shipping has yet to reach normal operating levels.