Star Tribune (February 21)
Hit by higher costs for barley, a can shortage and soaring shipping costs, “even the world’s largest beer manufacturers are passing on their higher costs to consumers.” Up to now, “consumers have taken it in stride. Just as higher grocery bills are offset by dining out less, a bigger tab at liquor stores is being absorbed by a lack of travel and entertainment expenses.” Even so, there are worries we may be reaching a turning point where consumption will fall.
Tags: Barley, Beer, Can, Consumers, Dining out, Entertainment, Groceries, Higher costs, Manufacturers, Shipping, Shortage, Soaring, Travel, Turning-point
New York Times (December 29)
UK companies got hit with “higher costs and endless forms” in the first post-Brexit year. “While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.”
Tags: Brexit, Companies, Down, Endless forms, EU, Exports, Frustrated, Higher costs, Trade disruptions, UK