California winegrape growers could suffer at least $437 million in lost sales from this years grape harvest due to COVID-19 related economic disruptions.
A looming recession may mean consumers give the “thumbs down” to low alcohol beverages.
Analysts are even more concerned about the long-term affects the virus will continue to have on wine sales in a weakened economy.
There’s at least a glimmer of good news, and U.S. wine retailers sure could use it. Despite many cities with shelter-in-place orders, some wine and liquor stores are seeing sales surge.
As wine regions globally are impacted by wildfires and lingering smoke, scientists and industry labs are looking for ways to lessen the impact on grapes and finished wine.
It’s one of the hot-button issues facing the wine industry today: the effects of climate change.