Heineken said on Feb. 16 that the CCP virus pandemic will affect its revenues for 2022, and that inflation and supply chain pressures are a significant factor. The world’s second largest brewer, whose brands also include Amstel, Tiger, and Moretti, joins its rival Carlsberg in sounding caution over inflationary pressures that threaten to hinder their recovery. The Dutch brewer said that inflation was “off the charts,” increasing the price of beer and a risk of outright shortages that appears imminent as brewers face persistent challenges delivering beer to bars, restaurants, and supermarkets, said Dolf van den Brink, Heineken’s chief executive in an interview with The Financial Times. Heineken said that the rise in costs for ingredients, energy, and transport may lead to a 15 percent increase in operating costs this year, putting the price burden on the consumer, which could lead to lower beer consumption. It said that it still aimed …
Heineken Warns Inflation Will Lead to Beer Price Increase
February 17, 2022
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