Warehouse Visits

According to Treasury Secretary Janet Yellen, U.S. inflation levels are not expected to decrease to acceptable levels until the latter part of 2022. The prediction comes as rising prices strain Americans' wallets at grocery stores and fuel pumps amid high energy demand, already exacerbated by the coronavirus pandemic wreaking havoc on the economy. Asked when she expects inflation -- which was 5.4% at the end of September -- to get back to the 2% range considered acceptable, Yellen told CNN's Jake Tapper that it would be the middle to second half of 2022.

Boston Beer Chairman Jim Koch told CNBC the company decided to throw away excess supply of Truly hard seltzer instead of discounting it, in response to a category-wide sales slowdown. "We were very aggressive about adding capacity, adding inventory, buying raw materials, like cans and flavors and, frankly, we overbought," said Koch.

Legal filings in Illinois allege that Anheuser-Busch InBev's Bud Light Platinum Hard Seltzer and Cacti Hard Seltzer make misleading claims about the use of agave—alleging that both hard seltzer brands cause consumers to believe the seltzers contained "a more valued type of agave ingredients" than they contain. The lawsuits are relevant to the alcohol industry because products such as hard seltzers and ready-to-drink (RTD) cocktails have blurred the lines between traditional categories like non-alcoholic sodas, beers and spirits.

While some people may only associate beer as something you can drink, America's favorite beverage can also be a versatile cooking ingredient. Martin Scorcese's 'The Irishman' revived an old foody favorite: beer-steamed hot dogs. A 25-second scene in the film shows Robert DeNiro as Frank Sheeran, the Irish gangster of the title, picking up some beer-steamed hot dogs in Miami at a place called Lum's. "There ain't a better hot dog in America," the character declares in a voiceover. VinePair takes a look at this classic recipe.