The NBWA Beer Purchasers’ Index (BPI) is an informal monthly statistical release giving distributors a timely and reliable indicator of industry beer purchasing activity. BPI is the only forward-looking indicator for distributors to measure expected beer demand in the marketplace. Similar to the widely recognized Purchasing Managers’ Index, the BPI is a net-rising index and a leading indicator of industry performance based on survey responses from participating beer purchasers.
This December's total index reading of 71 is the highest ever recorded for a December survey. Continued supply chain challenges combined with planned/expected price increases in 2022 are driving higher index readings as distributors and retailers seek to build their inventories heading into the new year.
The components that make up the aggregate BPI continue to show significant changes. Most importantly, the drop in the FMB/seltzer BPI reading continues, falling to 36 from 80 in December 2020. This is a reflection of the FMB/seltzer downward trend we have seen with the survey since September 2021. Meanwhile, imports, crafts and premium lights all report solid expansionary index readings this December. The “at-risk" inventory measures are still below 50 for all the segments except FMB/seltzer, signaling continued supply constraints in the system. Take note of the upward trend in “at-risk" index readings over time as supply-side challenges resolve over time and inventories continue to build.
Looking across the segments for December:
The industry numbers will continue to behave erratically over the next few months as shipments, depletions and sales to consumer measures remain out of sync.
Beer Distributors: Please sign up to participate and receive the first and only advance notice of expectations for increasing or decreasing sales. Complete the form below using your company’s primary beer purchaser’s contact information. For additional information, please email email@example.com.