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.
Walmart is extending its delivery hours until 10 p.m. and adding delivery windows during the holidays, Tom Ward, senior vice president of the retailer's U.S. division, wrote in a company blog post. The retailer has also expanded the number of stores offering alcohol delivery to 1,500 and boosted the number of locations allowing pickup orders for alcohol to 3,000. The moves are the latest in a series of steps Walmart has implemented to bolster its e-commerce operations ahead of the busy holiday season.
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.
Logistics expert Mathias Le Scaon created The Beergame App. Based on the Beer Distribution Game by the late MIT professor Jay Forrester, The Beergame App allows players to role-play as a retailer, distributor or brewer. This virtual game is essentially a “flight simulator” for people to experience the fine-tuned balance of the supply chain and the “bullwhip effect” of panic buying.
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.
Pickup is growing in popularity among U.S. grocery e-commerce customers, with 75% of respondents to a recent survey conducted by e-commerce provider Mercatus reporting that the channel is their preferred way to get online orders placed with food retailers. Costs associated with delivery are the primary reason shoppers prefer in-store or curbside pickup when placing online grocery orders. Customers show a preference for pickup even as grocers invest in facilities designed to automate fulfillment and improve their ability to transport goods to consumers efficiently.
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.
It's a once-in-a-century kind of birthday present. Soon-to-be 107-year-old Margaret Dilullo said she attributes her longevity to drinking a Yuengling a day. The brewery delivered an early birthday gift of nearly 500 cans of her favorite Traditional Lager to her home in Pennsylvania, with her family and friends by her side. Now that's something to celebrate!