Wine, Recession & the Curse of the Unknown Unknowns

 

The coronavirus pandemic continues to gain momentum, causing serious economic disruption around the world. The wine business has experienced a number of important impacts already and the future is uncertain.

Booming Sales for Now

In the immediate run, retail wine sales are booming in many regions and through on-line vectors as consumers stock up on wine along with toilet paper in anticipation of possible store closures and enforced isolation.  How much this will turn out to be an increase...