"The employees and people we deal with bring us joy," said Bob Hingst, vice president of Mid America Beverage. "The customers and other wholesalers – it's all the relationships with people you know. We have some customers where our grandfather dealt with their great-grandfather. You see the next line of people coming along. We're pretty fortunate to not have much turnover, and it's nice to provide stable jobs for people. Living in a community this size, it's nice to operate because you know everybody and can make an impact in the community."
The Daily Brew
In Nashville, the craft beer revolution has picked up the pace. The region's craft beer scene has grown to include more than a dozen craft breweries, up from just a handful three years ago. Local breweries are adding canning lines, buying more tanks and expanding capacity to keep up with demand. Or, in the case of Turtle Anarchy, doing all three. "We're increasing our capacity and looking into picking up some partnership brands," said Turtle Anarchy Owner Mark Kamp. So far, Turtle Anarchy has partnered with Lipman Brothers to distribute the brewery's beer.
Nationwide, the number of craft breweries increased from 500 to 3,000 over the past 20 years. Beer distributors in the east suburbs of Pennsylvania have reaped the benefits of the trend. Craft and import beer make up about 20 percent of business at Salute Beer Distributor in Plum, Pennsylvania, Owner Larry Simpson said. Eight years ago, craft and import beer made up about 7 percent of Salute Beer Distributor's sales.
Outside, you could feel Houston's collective relief at outlasting another summer. Inside the hospitality room at Silver Eagle Distributors, you could even imagine jacket weather. The distributor's fall/winter trade show highlighted a couple of fine pumpkin ales and a muscular stout from Chicago — beers brewed to match the cooler seasons. The show's main display paid tribute to the Christmas craft beers that will soon return. Invited bar representativess and beer buyers were able to sample brews from more than 40 breweries.
The next frontier for the beer market might not be your local bar or pub, or the beer cooler at your nearby supermarket; it’s your kitchen counter. Beer makers want a spot on the counter as the beer market aims to emulate the success of table-top coffee makers like the Keurig or Nespresso. Heineken’s The Sub “draught beer lifestyle appliance” is the latest salvo in what could be the next hot emerging sector of the beer market.
The American economy had a smooth summer. Gross domestic product increased 3.5% between July and September, according to the U.S. Commerce Department. It exceeded analysts' expectations and offered more proof of an economy gaining momentum.
The Federal Reserve announced the end of its bond-buying program Wednesday, marking the close of a six-year effort to stimulate the economy. The decision reflects how much the economy has improved since the recession.
Twitter Inc.’s user growth is slowing at about the same pace as Facebook Inc.’s did when it was just as old, according to data compiled by Bloomberg. The shares of Twitter fell almost 10 percent yesterday on investor concerns that it’s too early for the company to face a deceleration.