The Covid-19 news round-up

The news and data you need to know about the coronavirus outbreak's impact on the drinks industry

News and numbers

$9bn

The world’s largest brewer, AB InBev, has taken out its entire $9bn loan facility to stave off the effects of world leaders urging their electorates to stay away from bars and restaurants in the wake of Covid-19.

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$40m

According to WineAmerica, US wineries lost $40m in March due to Covid-19, however the figure could be far greater as only 10% of the nation’s wineries responded to the information request.

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Diago pledges 8m bottles of hand sanitizer

Drinks manufacturer Diageo has joined many others in announcing plans to produce hand sanitiser,  pledging to donate over two million litres of 96% grain neutral spirit – enough to make more than 8m 250ml bottles of hand sanitiser – to help protect ‘frontline’ health workers.

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Brewdog takes over 100 bars online

Craft Brewer Brewdog has opened 102 'online bars', allowing consumers to continue 'visiting' their local bar amid Covid-19 lockdowns.  The Company's founders are also foregoing their 2020 salaries in an attempt to help protect jobs at the company.

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Anheuser-Busch InBev scraps full-year outlook

Anheuser-Busch withdraws its full-year outlook as Covid-19 continues to spread uncertainty about the short-term future among global alcohol companies.

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Carlsberg donates $13.6m to efforts against Covid-19

Danish brewer Carlsberg has announced that its foundations will be providing grants to support researchers, art museums and civil society to fast-track efforts against Covid-19.  

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$45m

Pepsico is providing $45m to help fight the global battle against coronavirus. The funds will provide protective gear for healthcare workers, and testing and screening services.

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European Milk Board calls  for milk volume reduction 

The European Milk Board has called on the European Commission to urgently prepare to launch a voluntary volume reduction scheme with capping, as it seeks to mitigate the damaging impacts of Covid-19.

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$1.5m

Danone North America has lined up a $1.5m package to support food charities in the US. The company  is donating $1.2m in funds, plus an additional $300,000 in product donations.

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