US Beer Industry Faces "Five-Alarm Fire" As Sales Plunge To 25-Year Low
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Sales declined by more than 5% in the first nine months of the year, dragged down not only by the backlash and boycotts against Anheuser-Busch-owned Bud Light but also the changing habits of younger drinkers, according to Beer Marketer’s Insights.
Anheuser-Busch announced Wednesday it has laid off almost two percent of its U.S. workforce, eliminating 360 jobs, according to the Hill.
Beer executives told the New York Post that they do not believe Bud Light will recover from its slump in sales after the Dylan Mulvaney controversy.