Anheuser-Busch InBev Is Well Placed to Capitalize on Market Shifts
Anheuser-Busch InBev spearheaded the consolidation of the brewing industry. Previous acquisitions have led to InBev being the largest brewer with more than double the volume of its second-largest peer, Heineken. InBev’s monopolylike positions in several markets give the firm significant fixed-cost leverage and procurement pricing power. The firm’s industry-leading margins, excess returns on invested capital, and best-in-class conversion reflect this.