The beer industry is undoubtedly one of the fastest-growing and the largest industries in western countries that people start referring to the commodity as the basket of goods. It relates to how the government and all parties involved in the manufacturing process use the product to measure the Consumer Price Index. The above statement is not an exaggeration as the industry has employed more than two million workers and provided more than one hundred million dollars for the wages and profits. Thus, talking about the downfall of the industry might as well include the fall of a nation where the industry has greatly supported the whole economic system.
The fact that the industry does not stand alone and needs another supporting field for the production has led to one of the biggest economic chain reactions that a country has. It includes the brewer, the packaging companies, the distribution, and the marketing. All these fields are worth millions of dollars, a number that one should not joke around with. This article tries to highlight what economic impact that the industry has, including how the industry manages to reach another smaller business unit.
The Economic Chain Reaction
The beer industry has been a kind of combined business, reaching many smaller business units to support its operation. These units include the brewers, the distributors, retailers, supply-chain partners, and the marketers. All these units are worth three hundred and fifty billion dollars, and the number still shows a significant increase in the last two years. The total tax rates that the industry pays is also more than enough to stabilize a nation’s financial state as it contributes a large amount of money. It is, of course, the basket of goods with many benefits, not only for the society but also for the macro-economy in a country.
For the past decade, the beer industry has employed more than two million workers and contributed to the workers’ welfare. It is indeed not a small-scale industry where salary and operational cost become obstacles for the entire process. Thus, to understand the actual scale of the business, people need to look at the smaller business units to see how many individuals they employ. That way, the economic experts can fully comprehend how the industry contributes to a nation. One thing to note is that this reference might hold the answer to how the industry serves certain economic purposes.