Russia's invasion of Ukraine, a threat to Mexican beer?

Published 2022년 3월 2일

Tridge summary

The Mexican brewing industry is recovering from the COVID-19 lockdown and faces potential challenges due to the armed conflict between Russia and Ukraine, such as increased prices of grains and raw materials. However, the industry's strong supply chain and integration, with 73% of purchases being national, could mitigate these impacts. The industry, which contributes 1.5% to Mexico's GDP, is also facing challenges such as a glass shortage and potential aluminum shortage due to the conflict in Ukraine. Despite these challenges, the industry saw growth in 2021, producing 134.7 million hectoliters and exporting 42 million hectoliters, making beer the main agro-industrial export product in Mexico.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The brewing industry, which suffered collateral damage from the COVID-19 lockdown, shows signs of recovery, while the armed conflict between Russia and Ukraine generates a spike in the price of some grains and raw materials. Even with this situation, the industry has everything to resist. Karla Siqueiros, general director of the National Chamber of the Beer and Malt Industry (Cerveceros de México), highlights the strength of the supply chain of the Mexican industry, despite the fact that these types of situations usually have effects on all sectors and in global production chains. “So far, we do not foresee a direct impact on the Mexican brewing agribusiness. The national beer sector has a highly integrated value chain. 73% of the total purchases required for the production of beer are national purchases, and among them, barley stands out, particularly, "he said. During the past weekend, the Federation of Chambers of Commerce (Fecanaco) of Tamaulipas reported that the price of ...

Source: Expansion