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Biggest US Wine Distributor Slashes Staff // Accolade ‘merger’ with Pernod Ricard wine business approved

October 25, 2024 - Wine Industry Insight Daily News Feed

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Today’s Most Interesting Wine Industry Data

“The global wine trade experienced a decline in volume and value in 2023…still red wines were more affected than sparkling wines, white wines and wines in bag-in-box formats, with notable declines in bottled still wine imports across major markets. There is a clear shift in consumer preferences towards more refreshing products, including white wines, sparkling wines, and low-alcohol wines. To address these challenges, the wine industry must innovate and adapt its regulatory framework to support consumer-oriented innovation and diversified portfolios.”

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