FMB/Seltzer BPI Index Plummets: Stuffed Inventories?

Dear Client: The latest Beer Purchasers Index is in, and it continues to reflect the post-COVID world. Recall, the index measures how much distributors are buying, and anything over a 50 signifies segment expansion.  June's composite reading of 70 for overall beer is good, as it's in expansive territory. However, it still falls 11 points short of its June '20 comp. Not surprising, considering how much beer people were buying up from the off-premise to hoard in homes last year.