#overproduction

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Wine Enthusiast
4 months ago
Wine

'Hope Is Not a Strategy': This Year's Silicon Valley Bank Report Delivers Some Hard Truths

The wine industry is facing dire sales, overproduction, changing market dynamics, and a lack of interest from young adults.
Sales volume and value of wine have been declining for the past few years, and spirits are expected to surpass wine in sales next year. [ more ]
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