📌 Key Highlights & Quick Takeaways:
- Prefer DW over Google Most of the world's beer makers are worried about rising costs.
- AB, the world's largest beer maker by volume, and its rivals Heineken and Carlsberg, along with other consumer goods companies such as Proct.
- Beer companies suffer from rising costs of commodities such as electricity, fuel and aluminum, as they need these resources to produce glass.
Prefer DW over Google Most of the world's beer makers are worried about rising costs.
AB, the world's largest beer maker by volume, and its rivals Heineken and Carlsberg, along with other consumer goods companies such as Procter & Gamble, Philip Morris International and Coca-Cola, have also expressed concern about rising costs. This pressure continues to increase due to the Iran war and its impact on the global economy.
Beer companies suffer from rising costs of commodities such as electricity, fuel and aluminum, as they need these resources to produce glass bottles and beer cans, as well as to transport the product to stores and other locations.
Such companies may enter into long-term price-fixing agreements for some of these costs, but pay higher prices after those agreements expire.
ABInBev, owner of brands such as Stella Artois and Budweiser, said rising costs offset the impact of the increase despite better-than-expected revenues in some countries. According to the company, raw material, distribution and transportation costs have increased in the US, Europe and South Africa.
