Economy

Even though spot prices for some items are declining, key items remain well above 2021 levels, and brewers will face additional cost of goods sold (COGS) increases, beverage analysts at Rabobank are projecting. Other challenges facing brewers include: * Tight labor market conditions, which combined with higher inflation means employees have

For the fourth consecutive month, economic activity in the manufacturing sector contracted in February  following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. “The February Manufacturing PMI® registered 47.7%, 0.3 percentage point higher than the 47.4%

The Monterey County, Calif., wine and winegrape sector and the businesses that support the industry deliver a total economic contribution of $1.4 billion in annual economic activity for Monterey County’s economy, according to a new report commissioned by the Wine Institute and the California Association of Winegrape Growers

Alcohol beverage wholesalers saw their sales fall 1.8% in November from a year ago and their inventories rise 22.6%, the Census Bureau reported. That 1.8% decline year-to-year was in sharp contrast to the 8.7% increase bev/al wholesalers logged a year earlier.  Bev/al wholesalers inventories