Wineries around the world are struggling to cope with consumers who are ignoring wine in favor of alternative beverages.
Sales of wine around the world have declined precipitously, and it may be years before the industry recovers. Wine companies now face some daunting problems that can only get worse.
For one thing, how will they deal with the wines they will make this year? And there is still a lot of wine in warehouses from past years.
Updated: Tue Aug 27, 2024