Consumers have been eager to return to pre-Covid drinking routines, says Anheuser-Busch InBev CEO
- In a CNBC interview Friday, outgoing Anheuser-Busch InBev CEO Carlos Brito discussed post-pandemic consumer lifestyles and shifting industry trends.
- “We saw that a lot of the new normal was just like the old normal in that people were dying to go back to old habits,” Brito said.
- The company’s stock is now up about 50% in the past 12 months.
Outgoing Anheuser-Busch InBev CEO Carlos Brito told CNBC on Friday that people have been eager to return to pre-pandemic drinking routines as coronavirus vaccinations picked up across the U.S. and bars and restaurants faced fewer restrictions.
“Once vaccines were being rolled out, we saw some states ahead of others and we saw how consumers were reacting to this new normal,” Brito told “Squawk Box.” “And we saw that a lot of the new normal was just like the old normal in that people were dying to go back to old habits.”
Brito — who steps down July 1 after 15 years leading the world’s largest beer brewer — said AB InBev adjusted its supply chain to produce a more “normal balance” of bottles and draft beer, anticipating that home consumption would take a less prominent role.
The home had became the “hub” for living, entertainment and working all at once during the pandemic, Brito noted, commending the company for how it responded to that change.
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