If Washington moves forward with it’s plan to enforce a 10 percent tariff on foreign aluminum imports it could increase aluminum prices and “likely to lead to job losses across the beer industry,” Molson Coors warned.
Molson Coors is saying that it purchases as much domestic can sheet aluminum as possible however, there is not enough domestic supply to satisfy the demands of American beverage makers.
While it remains to be seen if beer makers will increase prices as a result of higher aluminum costs passing them on to the U.S. consumer or if job losses will be used as an option to offset increased production costs.
California lawmakers are considering a bill that would require the beverage industry to use attachable caps on plastic bottles. If this bill passes it could set a new industry standard for other U.S. States and Canada for that matter. California is also looking to impose restrictions on restau- rants handing out plastic straws requiring customers spe- cifically request them before giving them out, but some say that there should be a complete ban on plastic cutlery products and follow the lead of Malibu’s City Council recent ban on all plastic cutlery, stirrers and straws in the beach community. Environmental advocates want these plastic bans as reports show that by 2050 the oceans could contain more plastics by weight than fish. This type of data has seen France’s law makers banning all plastic dishes, utensils and cups by 2020.
SPOTLIGHT ON BUSINESS MAGAZINE • MARCH 2018
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