May 11, 2017
It’s happening all over. The economy is steady yet, in the first quarter of 2017 alone we’ve seen more major retail outlets across the U.S. file for Chapter 11 Bankruptcy than in the whole of 2016. In the age of being able to order everything to your doorstep, physical retail outlets across the United States are being forced to re-imagine their industry; to pivot to survive.
Some of this doom-day buzz has begun to circulate in regards to the Craft Beer Industry; an industry that boosted the Michigan economy by $1.85 billion in 2014 according to a report released by Denver-based Brewers Association, an industry trade group.
Today, the media conversation looks a little different:
“Is the craft beer market in Grand Rapids saturated?”
“Concern over craft brewery saturation in West Michigan emerges among lenders,”
”Executive roundtable: Craft beverage makers struggle through internal divisions, market forces, threats”