FORBES | How Inflation is Impacting The Craft Beverage Industry
July 21, 2023
By Joseph V. Micallef, Contributor —
Over the last several years, widespread, persistent inflation and significant labor shortages have been a defining feature of the US economy. Recently I sat down with a group of craft distillers to explore how inflation has impacted them. Not surprisingly, all of them had experienced significant increases in operating costs, generally between 15% and 20%, over the last several years. Surprisingly, however, other than for labor costs, the increases they experienced varied dramatically depending on their activity and location.