Dear Client: NBWA Chief Economist Lester Jones has been studying the beer industry for over 20 years, so I trust his judgment. Last week when BBD published this downer of an article on beer's decline (see BBD Unpacking the Post-Covid Sales Slump), Lester took issue. His thesis, which we will explore in more detail later this week through an in-depth interview with him on Beernet Radio, is that the beer industry is healthier than people realize, due to the resilience
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