Boston Beer Co. faces $20-30M in extra costs due to tariffs
Boston Beer Co., the maker of Samuel Adams beer, Truly hard seltzer and other drinks, says the extra costs due to tariffs this year will be between $20 million and $30 million.
The big driver of those costs is the aluminum Boston Beer Co. uses for its cans.
'In terms of tariffs, we're still identifying what is actual policy and what is posturing and what looks like a long negotiation,' said CEO Michael Spillane on an earnings call last week. 'So we're being very thoughtful and very focused internally on, if we need solutions, we have them ready. We're assessing the marketplace to see what kind of pricing tolerance there would be and we're constantly looking at findings internally.'
The challenges with potential tariffs come on top of negative market trends in beer and other alcoholic beverages. Hard seltzer sales were down 5% for the first quarter of 2025, and beer sales were weaker than expected.
Chairman Jim Koch called today's slow decline in beer consumption 'the new normal' amid consumers' health considerations and competing markets such as cannabis.
Boston Beer Co. has adjusted to the market challenges in part by turning to drinks with higher alcohol content. That includes Twisted Tea Extreme, which was launched in 2023, and Truly Unruly, which came to the market last year. However, Angry Orchard continues to lead the hard cider segment, with 40% market share, according to the company.
Spillane said he expects Truly Unruly 'to be a key contributor in improving the trajectory of the Truly brand.' He also touted the performance of vodka-based hard tea Sun Cruiser, which began its national distribution early this year.
Baystate Health completes cuts with 43 layoffs
There are no more Bertucci's restaurants in this region of Massachusetts
Boston-area French restaurant closes Brookline location after 10 years
Wahlburgers shutters its Lynnfield location after 10 years
Boston built America's innovation engine. Now it's under attack by Trump
Read the original article on MassLive.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Geek Wire
43 minutes ago
- Geek Wire
TeamSense, a Seattle-area startup that helps track employee absences, raises more cash
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . TeamSense CEO Sheila Stafford. (LinkedIn Photo) Seattle-area startup TeamSense, a software platform used by employers for absence reporting and employee communications, is raising fresh investment. The company recently raised $19.5 million, according to a new filing with the SEC. TeamSense CEO Sheila Stafford declined to comment when reached by GeekWire. TeamSense originally spun out of a joint innovation studio managed by Seattle-based Pioneer Square Labs and Fortive, the Everett, Wash.-based industrial giant. The company launched in 2020 and built software to help employers track COVID-19 symptoms at the workplace. The product has evolved into a text-based system designed to manage employee attendance in real-time. Employees can use TeamSense to tell employers when they can't come to work. Managers are notified immediately and the data is tracked for HR teams. The software uses automatic language translation and integrates with other HR platforms such as Workday, Zenefits, ADP, and more. TeamSense's customers include manufacturing and logistics companies. The startup has around 30 employees, according to LinkedIn. Fortive acquired TeamSense in 2021. The company has operated independently since 2022; Fortive remains a minority investor. TeamSense raised $4 million in 2023 from Bonfire Ventures and Operator Collective. Stafford previously held leadership roles at Fluke, Whirlpool, and GM.
Hypebeast
an hour ago
- Hypebeast
HEAD Golf Finds Its Footing Beyond the Trade Show Floor
HEAD Golffirst launched in early 2025 at the PGA Show in Orlando, Florida, where we identified it as one of our brands to watch. Golf's largest trade show hasn't historically been known for boundary-pushing ideas, but HEAD stood out. Its booth—inspired byGeorgia O'Keeffe's New Mexico residence and built around desert-themed apparel—didn't necessarily reinvent the wheel, but it did carve out a sort of aura that was rare on the show floor. The product itself filled an interesting lane. Luxury-leaning yet accessible, and functional without veering overly technical. In a landscape where many up-and-coming golf labels lead with narrative or loud design, HEAD felt more restrained. Not necessarily minimal for minimalism's sake, but intended for golfers who don't want their outfit to be the headline. When we caught up with creative directorKa Ho Kam, who's been with the project since day one and previously worked atMarc Jacobs, he described the crossover with HEAD's other sports: 'We've carried over clean paneling, subtle color blocking, and a refined logo placement strategy that gives the golf line the same premium, sport-luxury feel that HEAD is known for across tennis and skiing.' The real reason for reconnecting was HEAD's first-ever community event, staged withThe Links Social Tour(TLST). The full-day program brought young creatives, beginners and a handful of Toronto-area pros (plus some who flew in) to King Valley Golf Club. Think industry networking, shopping and competition packed into eight hours. 'Their ability to bring together golfers of all backgrounds in an environment that's both competitive and relaxed made them an ideal launchpad for us to showcase what HEAD Golf stands for: performance, style, and a sense of belonging in the sport,' said Kam. Looking ahead, HEAD is pursuing a dual strategy: continuing unexpected activations that resonate with fashion and creative circles, while also deepening roots at country clubs. At the recent PGA Buying Summit, for example,HEAD teamed with USM on a design-driven installation. At the same time, the brand is actively seeking prestigious retail and green-grass partners. As Kam summed it up: 'Moving forward, we want to grow in two directions: deeper engagement with private club and green-grass players, and broader collaborations that connect golf to art, design, and travel, making HEAD Golf part of the conversation well beyond the fairway.'
Yahoo
5 hours ago
- Yahoo
Lead-Free Piezoelectric Ceramics Market to Grow 12.3% Annually Through 2030
"Driven by Rising Environmental Regulations and Breakthrough R&D, Lead-Free Piezoelectric Ceramics Emerge as a Key Enabler of Sustainable Electronics Innovation" BOSTON, Aug. 20, 2025 /PRNewswire/ -- According to the latest study from BCC Research, the "Lead-Free Piezoelectric Ceramics: Technologies and Global Opportunities" is projected to grow from $307.3 million in 2025 to $549.8 million by the end of 2030, at a compound annual growth rate (CAGR) of 12.3% from 2025 through 2030. This report presents a comprehensive analysis of the global market for lead-free piezoelectric ceramics, offering qualitative and quantitative insights. The market is segmented by material, including potassium sodium niobate (KNN), bismuth sodium titanate (BNT), barium titanate (BT), and others. It is also categorized by configuration, such as monolith, multilayer, and thin films, and by end users, including consumer electronics and optoelectronics, transportation, industrial equipment, medical, and others. Regional analysis covers Asia-Pacific (China, Japan, South Korea, and the rest of APAC), Europe (Germany, France, Italy, and the rest of Europe), North America (U.S., Canada, and Mexico), and the Rest of the World (RoW). RoW includes South America, and the Middle East, and Africa. This report is especially relevant now due to growing global concerns over the health and environmental risks associated with lead, a key component in traditional PZT piezoelectric materials. As awareness of these risks increases, industries and researchers are actively seeking eco-friendly alternatives. Additionally, stricter regulations under frameworks like REACH and ROHS are accelerating the shift toward lead-free technologies. These regulatory pressures, particularly in the European Union, are expected to gradually phase out lead-based materials in specific applications, making the development and adoption of lead-free piezoelectric ceramics a timely and critical focus. The factors driving the market's growth include: Adverse Health and Ecological Impacts of Lead-Based Piezoelectric Materials: Due to lead toxicity, lead-based ceramics pose serious health risks and environmental hazards. Exposure can lead to neurological and developmental issues, while improper disposal contaminates ecosystems. These dangers are pushing industries to adopt safer, lead-free alternatives. Favorable Regulatory Environment: Global regulations like the EU's RoHS and WEEE directives restrict the use of hazardous substances, including lead, in electronics. These policies encourage manufacturers to shift toward environmentally friendly materials, creating a supportive market for lead-free piezoelectric ceramics. Increasing Applications for Lead-Free Piezoelectric Ceramics: Advances in material science have expanded the use of lead-free ceramics across sectors such as consumer electronics, healthcare, automotive, and industrial automation. Their growing versatility and safety make these materials a preferred choice for modern applications. Request a sample copy of the global market for lead-free piezoelectric ceramics report. Report Synopsis Report Metric Details Base year considered 2024 Forecast period considered 2025-2030 Base year market size $279.0 million Market size forecast $549.8 million Growth rate CAGR of 12.3% from 2025 to 2030 Segments covered Material, Configuration, End User, and Region Regions covered North America, Europe, Asia-Pacific, and the Rest of the World (RoW) Countries covered The U.S., Canada, Mexico, Germany, France, Italy, Rest of Europe, China, Japan, South Korea, Rest of Asia-Pacific, South America, and the Middle East and Africa Market drivers • Adverse health and ecological impacts of lead-based piezoelectric materials. • Favorable regulatory environment. • Increasing applications for lead-free piezoelectric ceramics. Interesting facts: At present, the production of lead-free piezoelectric ceramics is more complex, expensive, and energy-intensive than PZT because of the small quantities involved. Lead-free piezoelectric ceramics producers also face certain challenges, including higher cost of raw materials, more complex processing, delicate and irreproducible synthesis, and physical limitations of the lead-free composition. However, they are continuously expanding their production and development capabilities to cater to growing demand and customer requirements. In wearable applications, self-powered biocompatible electronic devices that monitor critical physiological signals of the human body are in high demand. Lead-free piezoelectric ceramics are non-toxic and can be effectively utilized as they are biocompatible and have high sensing capabilities. Emerging startups: Ionix AT: Ionix develops a wide range of proprietary high-performance piezoelectric materials that can function in extreme environments. It supplies sensors, transducers, and actuators that address market needs for high-performance applications. The report addresses the following questions: 1. What are the projected market size and growth rate? The estimated market size of the lead-free piezoelectric ceramics market is $549.8 million by the end of 2030. The CAGR is 12.3%. 2. Which factors are driving the growth of the market? Key market drivers include: Adverse health and ecological impact of lead-based piezoelectric materials. Favorable regulatory environment. Increasing applications of lead-free piezoelectric ceramics. 3. What are the challenges and opportunities of the market? Challenges include- Raw material extraction may lead to environmental risks. Performance constraints. - Opportunities include- Development of nano-piezoelectric ceramics. Applications within wearable technology. 4. Which market segments are covered in the report? Material, configuration, end-user, and region. 5. Which material will be dominant through 2030? The potassium sodium niobate segment will continue to dominate the market through 2030. 6. Which region has the largest market share? Asia-Pacific dominates the global market for lead-free piezoelectric ceramics. China continues to drive the demand for lead-free piezoelectric ceramics, led by its robust manufacturing industry, mainly in automotive, electronics, and medical. Market leaders include: CERAMTEC GMBH CTS CORP. FUJI CERAMICS CORP. HONDA ELECTRONICS CO. LTD. IONIX AT KEMET CORP. KYOCERA CORP. NITERRA CO. LTD. NINGBO FBELE ELECTRONICS CO. LTD. PI CERAMIC GMBH PZT ELECTRONIC CERAMIC CO., LTD. SEIKO EPSON CORP. SUMITOMO CHEMICAL CO., LTD. TANIOBIS ZIBO YUHAI ELECTRONIC CERAMIC CO., LTD. Related reports: Global Markets for Automotive Sensor Technologies: The report analyzes the global automotive sensor market, focusing on sensor types, applications, vehicle categories, propulsion technologies, sales channels, and regional trends. It excludes two-wheelers and agricultural/industrial vehicles. Key segments include passenger and commercial vehicles, ICE and alternative fuel technologies, and OEM vs. aftermarket sales. The study highlights sensor deployment in areas like powertrain, safety, and autonomous systems. Purchase a copy of the report direct from BCC Research. For further information on any of these reports or to make a purchase, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help you make informed business decisions free of noise and hype. Contact UsCorporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USAEmail: info@ +1 781-489-7301For media inquiries, email press@ or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo: View original content to download multimedia: SOURCE BCC Research LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
