The spread of the novel coronavirus has led to the radical disappearance of the HoReCa channel that could result in a more than 50% loss of wine sales in Europe alone.
One-third of Australia’s wineries could go under because of the Coronavirus pandemic, industry warns.
Projected losses increase as winery size decreases with wineries producing 1,000 to 5,000 cases expected to see lost revenue of 47.5% and wineries producing under 1,000 cases or less expected to lose 66% of revenue.
No events. Fewer visitors. Wineries are just trying to survive the new reality due to Coronavirus closures.
Winery Tasting Rooms Go Virtual To Connect With Consumers
Survey questions looked at “the overall effects on employment, production, tourism, sales, expenses, and total financial loss.”