Featured: Diversify Your Labor Sources to Keep Up With the Holiday Hospitality Rush and Avoid Shortages

brewbound live winter 2022

 

It was amazing to be in Santa Monica, CA for the Brewbound Live Winter 2022. What struck us the most is how engaged, open, and committed attendees were to connect and share their knowledge in a casual, yet supportive, atmosphere. This 2-day conference was full of fun and inspiration with a great line-up of speakers and sessions spanning from modern consumer values to beer trends/opportunities and management imperatives – all of which are constantly reshaping the future of the beer space.

As a sponsor, Fintech was part of this awesome experience and we are so grateful for those of you who were able to stop by our booth. It was a blast learning more about your business and the new things you are looking to achieve in the future. Thank you! If you missed the event, don’t fret. Let us help you stay in the know with our Brewbound Live Winter 2022 recap.

 

A Huge Shoutout to the Brewbound Pitch Slam Winner 2023

 

During the event, one of the most highlighted sessions was the Brewbound Pitch Slam competition, which provided a stage for inspiring, emerging startups to showcase their products and pitch their brand story to a panel of visionary pundits for a chance to claim the #1 spot. Competition, of course, was fierce. Yet the New York City-based hard coconut water maker Sunboy came in first with a story that passionately captured the biggest trends in today’s fast-paced market: ready-to-drink, better-for-you, lower sugar, and lower alcohol.

By the same token, it’s also worth congratulating other finalists who made it far in the competition and impressed the audience with their creative designs and powerful stories. These were High Seas Mead, Primary Colors Brewing, RationAle Brewing, Rincon Reservation Road Brewery, and Shoal Draft Cider.

 

Growth Starts with Competitive Data – Leading Change with Fintech

 

Brian Dillon, our competitive market analysis expert, also took the stage to give attendees a discussion on Competitive Market Data: The What, Why, and YTD Trends. Brian navigated key complexities pertaining to the fragmented 3-tier alcohol distribution system, highlighting drivers of change as well as the need to rely on competitive data to anticipate unseen trends and drive meaningful growth.

Here are 5 takeaways you need to pay close attention to:

  • Poor alignment of beverage alcohol POS data and supply chain data is hindering growth across the 3-tier network
  • Consumer preferences evolve at a faster pace and adapting to their needs, values, and expectations helps you outpace competitors and grow faster
  • Efficient management of inventory is a must in today’s dynamic market to help safeguard profitability
  • Leveraging competitive data is key to staying on top of the latest consumer trends and ensuring supply and demand alignment
  • Fintech is now leading change across the 3-tier network with a greater focus on market data and delivering actionable insights to the field

As part of the discussion, Brian dove into IRI-backed data to give the audience a better understanding of what’s happening in the beer space, identifying top performers at a category level.

To learn more about those trends, feel free to download our infographic.

 

Until Next Time

 

We are so grateful for the awesome time we had connecting with you, sharing valuable ideas, and learning more about the industry in a positive atmosphere full of fun and inspiration. But in case you missed us, we are still glad to learn more about you and work together to help you achieve your business goals. As we wrap things up, it’s your turn to learn more about our competitive market data and analytics solution and how it can help you drive growth with data at the forefront.

Built in exclusive alliance with IRI, our Competitive Market Analysis (CMA) delivers off-premise retail chain scan data to help you extract actionable insights, explore new business possibilities, and ultimately propel your growth to new heights.

If you wish to learn more, feel free to contact us. This is your chance to start building a new path toward data-driven growth in the beverage alcohol industry.

Read More From Fintech

Brothers Glenn and Gary Sutch opened Coco’s Crush Bar in Clearwater Beach after more than 30 years in the hospitality and entertainment industries. Home of the Orange Crush, Coco’s has made waves in the area with a fantastic seafood menu, live music, and signature-crafted cocktails. They have expanded

Bev alc suppliers are in a competitive space, fighting for every inch of shelf space across every account they can find. In today’s market, enlisting the help of various alcohol technology platforms is instrumental for success. These technologies help suppliers streamline their operations, enhance customer experiences and maintain

What were the most common themes for alcohol bills that passed in the 2023 legislative session? Drinks-to-Go Five state legislatures made drinks-to-go privileges permanent this year. Connecticut, Hawaii, Maine, Michigan, and Washington all codified the temporary to-go privileges that originated from the 2020 pandemic. The five states have

The holiday season is a busy time for the hospitality industry, with an influx of customers looking to celebrate and create lasting memories. However, as the demand for services and staff escalates, many establishments face the challenge of labor shortages. To combat understaffing and ensure a smooth operation

Ready to learn more?
Fill out the form below to request more information.