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| DAILY BRIEFING: LITE EDITION | | A preview of today's news & insights for the beer industry. |
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|  | 🚨 What You're Missing 🚨 | | | Boston’s Dorchester Brewing recently decided to walk away from the contract brewing half of its business. The brewery was founded with a dual business model to brew and sell its own brand, and “partner brew” for clients.
Insiders are hearing from CEO and co-founder Matt Malloy about what’s next for nearly 9-year-old Dorchester. Insiders are also: - Getting details of Best Day’s latest fundraising round;
- Diving into the latest weekly Circana scan data;
- And seeing which gaming company Revolution is partnering with.
Insiders also have access to the Brewbound Newsletter Archive, including previous newsletter-exclusive Insider content. Become a Brewbound Insider today! Or, be in the know on all food and beverage news from Brewbound, BevNET and NOSH with Insider All Access. |
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| Today's Top Story | | | Boston-based Dorchester Brewing is wrapping up its contract brewing business, the company announced last week. The brewery opened in Boston’s Dorchester neighborhood in 2016 with a dual business model of contract production and brewing under its own brand for distribution and taproom service. Dorchester co-founder and CEO Matt Malloy pointed to the lingering effects of the COVID-19 pandemic on the craft beer industry as a reason to walk away from what the company has always called “partner brewing.” The move away from contract production is a bit of a zag when other breweries are zigging, as several craft breweries across the country have turned to contract brewing as a way to fill otherwise empty tanks and bring in revenue. However, Malloy cautioned that the practice is “a different discipline” that needs to be approached with certain sensibilities.
Malloy said: “In many cases, we see a lot of these breweries that have never done contract brewing try to help out one or two breweries, and that's fine – that's great. “The key thing, though, is to do it for 14 or 15 breweries at a time, it requires a different discipline that requires different processes and a bigger staff to actually make sure that you run it like a business, and you run it so that you're hitting your dates – predictable dates – with great quality for your partners.” Insiders can read more about Dorchester’s decision to end partner brewing and how the brewery has found +5% year-over-year growth under its own brand in 2024.
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| | From the Wire | | | Non-alcoholic (NA) beer brand Best Day Brewing has added another $12.5 million in investment as part of a Series B round, bringing its total fundraising to $22.5 million this year. The latest round featured “new partners and existing investors,” including a new family office, co-founder and chief strategic officer Mike Sheehan told Brewbound. Brewbound Insiders can read more about Best Day's fundraising, the latest NA beer trends and how the company is positioning itself as a challenger brand. |
| | Brewbound Live Preview | | | Brewbound’s annual Best Of Awards are accepting nominations for 2024! The awards celebrate beverage-alcohol companies for their achievements and impact throughout the last year and serve as an appreciation of notable industry members, trend setters, breakout brands, change agents and up-and-coming entrepreneurs. The awards show will take place in Marina del Rey, CA on the first day of Brewbound Live 2024, taking place December 11 + 12, 2024. 📝 Submit Your Nominations Brewbound’s 2024 Best Of Awards are currently open for nominations. Submitting a nomination guarantees that the person, company, or product submitted will be considered for the category chosen by the nominator. You may submit as many nominations as you’d like, either for your own company/product or a company/product you find deserving. You may also elect as many categories as you’d like for each nomination. Agencies submitting their clients must submit one nomination per client. All nominations will be published on Brewbound.com. The deadline to submit nominations is Friday, November 1. 🧐 Nomination Criteria Below are the categories open for Brewbound Best Of 2024 nominations: - Craft Brewery of the Year
- Large Brewery of the Year
- Beyond Beer Company of the Year
- Person of the Year
- Rising Stars
- Best New Products
Submit your nominations >> |
| | | | The 2024 Brewbound Live business conference will explore how to create meaningful connections with consumers across generations with predictive insights firm Foresight Factory. Lindsay Kunkle, the head of the global firm’s U.S. consultancy, will examine shifting demographics, changing consumer mindsets and emerging audiences with an eye on how these factors are relevant to beverage-alcohol producers. She will offer insights into Generation Z’s outlook on alcohol, as well as dive into the “never old mindset” of Baby Boomers as they enter longevity, the new definition of diversity ,and the growing population of adults who opt not to have children. Kunkle will be among the featured speakers at the 2024 Brewbound Live conference December 11 and 12 at the Marina del Rey Marriott in California. Tickets are available now. Leaders from all three tiers will gather for business-focused conversations on driving the bev-alc industry forward, data presentations, networking and brand building. The speaker roster includes: - Natalie Cilurzo, Russian River Brewing co-owner;
- Lester Jones, NBWA chief economist and VP of analytics;
- Jennifer Hauke, Draftline Technologies founder;
- Zech Francis, BeatBox Beverages SVP of global marketing;
- Rebecca Dye Yonushonis, New Belgium Brewing CMO;
- Arthur Moye, owner and CEO of Full Circle Brewing;
- Kaleigh Theriault, director of thought leadership, beverage alcohol vertical, NIQ;
- Brian “BK” Krueger, VP of business development and portfolio strategies, Bump Williams Consulting;
- Peter Skrbek, CEO, Deschutes Brewery;
- Rebecca Maisel, Gulf Distributing SVP legal and government affairs;
- Lauren Doll-Sheeder, Doll Distributing managing partner;
- Jennifer Grant, Markstein Sales general manager and VP.
Additional speakers will be announced in the coming weeks. Register for Brewbound Live 2024 >> Brewbound Live is sponsored by John I. Haas, NIQ, Crafted ERP, Strike Visuals, Fast Track Packaging, Abstrax Hops, NIQ, Foundry, Suntory, Firestone Walker and JuneShine. Sponsorship opportunities are still available for those seeking to elevate their presence beyond participation. Supplier and service companies interested in sponsoring the Pitch Slam and/or Brewbound Live should contact Brewbound’s ad sales team about opportunities. |
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