It has been a rough first quarter for Molson Coors
Molson Coors Beverage company has had a difficult start to 2021. More than 1.7 million barrels (52 million gallons) of beer could be impacted by winter storms in Texas and a cybersecurity incident. In February, the massive winter storm that paralyzed much of the state of Texas, stopped production at their Fort Worth brewery. The aftermath of the storm forced a halt of production for 11 days due to the damage incurred in the state’s power grid. This took off-line around 14% of the companies brewing capacity between its six large scale facilities.
In March, Molson Coors was hit with a severe cyber-attack, halting production at their Albany, Georgia brewery. The Albany facility can produce as much as 10 million barrels of beer a year, about 1/6 of Molson Coors total capacity according to their website. Some delays and disruptions are still being experienced to its business.
Read the full article at: www.kpcnews.com
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