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US alcohol distributors must face startup's antitrust lawsuit // Classics shine at HK sale but Bordeaux market still sluggish
May 31, 2024 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
“It is important to not conflate recent declines in market volume with possible changes in consumer perception. Actual consumer spending on beverage alcohol has, in fact, remained steady and grown slightly. Given the stability of consumption, the unprecedented increase in depletions that began during the pandemic appears to have triggered an equally dramatic increase of inventory by wholesalers, retailers and even consumers who filled their home pantries. Prior to the pandemic, carrying costs ranged from between 5% to 6% of wholesaler operating profits, but had soared to nearly 16% by the end of last year.”
Source: 2024 BMO Wine Market Report
The Rest of the News
The federal government is on schedule for another version of the Dietary Guidelines for Americans
Jason Lede Promoted to General Manager of Cliff Lede Vineyards
California officials warn drinks sold at Total Wine are ‘unsafe’
Treasury Wine Estates Limited Short Interest Up 22.4% In May
Emerging climate trends make monitoring drought more complex
Maine Wild Wine Fest: Why (And How) We Put On An Annual Wine Fair
Washington Wine Industry Awards Inaugural Allen Shoup Memorial Fellowship
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