Buoyed by a rise in US cocktail culture and new consumer demand for luxury spirits, overall Irish whiskey revenues have grown 19.8% to $795 million, according to the Distilled Spirits Council of the United States. Super premium Irish whiskeys have soared 3,456% since 2002, according to DISCUS research.
Share prices of Ardagh Group's stock jumped 19.7% following the company's IPO on the New York Stock Exchange, giving the company a new market value of $5.32 billion. "We knew demand was good before we started," said Chairman Paul Coulson.
Coca-Cola is using March Madness to leverage its Share-a-Coke campaign, allowing college basketball fans to customize eight-ounce glass Coke bottles for teams affiliated with more than 50 colleges and universities. "With these new limited-edition team bottles, fans can now show support for their teams and their love of Coca-Cola all tournament long," said Coca-Cola's Todd Skidmore.
"Lightweighting," a packaging trend used by many designers and manufacturers to reduce costs and carbon footprints, is actually increasing the pollution of our natural ecosystems, writes Tom Szaky, CEO of TerraCycle. Making highly-recyclable packages and educating consumers on recycling are part of the solution, he writes.
Out of the top 50 brewing companies in the US, 40 are craft brewers, according to data from The Brewers Association. D.G. Yuengling & Son leads the list of Top 50 US Craft Brewers, while Anheuser-Busch is No. 1 among the Top 50 Overall US Brewing Companies.
Recycling efforts could be hurt by President Donald Trump's proposed budget cuts, which would reduce funding for the US Environmental Protection Agency by 31%. Most of the funding for recycling programs comes from state and local governments, but the EPA plays a key role with its data analysis work, influential sustainable materials management concept and efforts to bring recycling industry stakeholders together.