IWSR reporting reveals the Australian and global wine industry faces the ongoing challenges of declining volumes but, on the bright side, continues to experience premiumization, growth in e-commerce, and evolving wine consumer preferences. Adapting to these trends and economic uncertainties will be crucial for wine producers and retailers in 2024 and beyond.
People in the U.S. are drinking less alcohol than they used to, but when they do indulge, they're more likely than ever to opt for a beverage originating from Mexico.
All of Manitoba's Liquor marts will be open for business Monday as Manitoba Liquor and Lotteries (MBLL) and its unionized workers have come to a tentative agreement after weeks of strike action.
Henry Ashworth, CEO of the International Alliance for Responsible Drinking, tells The Spirits Business why following data is vital in promoting healthy outcomes. It is imperative to respect those who choose not to drink alcohol, whether for cultural or personal reasons -- or simply because they just don't like the taste. However, for many adults, moderate alcohol consumption, whether in the form of beer, wine, or spirits, is an important part of enjoying life.
The WSTA has put a trio of documents together after consulting with producers and retailers, which it hopes will clarify any confusion regarding the marketing, labelling and production of low- and no-alcohol products in the UK.
Some 60 vintners and staff will be out of a job after Australia's biggest producer announced it will close one of its Victorian wineries.
ASX-listed Treasury Wine Estates said it will shutter its commercial Karadoc winery by mid-2024, citing rising production costs and a customer shift away from budget plonk.
Spirits sales in the US dropped by 5.1% during the first quarter of 2023, according to data from the Wine & Spirits Wholesalers of America (WSWA).
After seeing an unprecedented 16.2% increase in 2020, sales of off-premise alcohol (i.e., alcoholic beverages purchased at retail stores for off-premise consumption) in the US are returning to the pre-pandemic growth rates.
The night-time economy adviser for Greater Manchester has urged the UK government to rethink energy support for the hospitality sector in the wake of the budget announcement.
While many businesses in the hospitality sector struggled to stay afloat during the pandemic, the study revealed that some craft brewing companies--small independently owned businesses that rely on marking themselves out by experimenting with new flavors--bucked the trend by embracing risk and creativity.