Beer Institute:  Don’t Panic on January’s Disastrous Shipments

Dear Client: If you glanced at the Beer Institute's January supply numbers and did a spit take, put down the pint glass. The headline figures look rough, but the story behind them is considerably less dire. Shipments-to-wholesalers fell a whopping 11.0% for the month. Under normal circumstances, that would be a five-alarm fire. But Beer Institute Chief Economist Andrew Heritage points out some mitigating circumstances, and he's got receipts. The culprit: a crippling winter storm in the final week of