The fine wine market goes into autumn 2022 after a particularly strong period of gains, although there has been greater uncertainty about momentum in recent weeks.
Amid fluctuating consumption trends and rampant inflation, alcoholic beverages are defying some CPG trends.
Daily news in the wine industry includes frequent stories of acquisitions, mergers and consolidation. Every now and then, one of these unions knocks the wind out of industry insiders and consumers alike, as they try to reconcile changes in a brand they have trusted for years or wonder what the future holds for their go-to wine.
In the U.S., the journey of beverage alcohol from producer to consumer travels through a three-tier system...
Gas prices are surging, inflation is rising, and glass supply chains are in gridlock. The result is escalating glass bottle prices in a market where the consumer demand for wine has outstripped the available supply of glass bottles, making it one of the biggest headaches for wineries and one of the hottest topics in the wine packaging world.
MIAMI & DALLAS--(BUSINESS WIRE)--Jun 6, 2022--Southern Glazer's Wine & Spirits (Southern Glazer's)--the world's preeminent distributor of beverage alcohol--today announced the retirement of Shawn Thurman, Executive Vice President, National Accounts, effective December 2022.
The world's largest brewer has launched production of a popular Ukrainian beer in Belgium, and said all profits made from its global sales would go to humanitarian relief in Ukraine following Russia's invasion.
While macro-breweries constantly battle over market share, craft breweries have shown a remarkable willingness to work together. And what began as a culture of collaboration brews has sometimes evolved into national and global initiatives where groups of breweries make the same beer to raise money or awareness.
Within hours of Russia's invasion of Ukraine, restaurants and relief organizations across the globe had already sprung into action. In a show of solidarity with the Ukrainian people, these businesses and nonprofits have been working around the clock to raise money and feed those who have been impacted by the violence.
Turning the page on 2020, the wine industry was optimistic about the year ahead. But sunny predictions were eclipsed and chaos--caused by weather challenges and supply chain disruptions--reigned.