Supply chain jam and rising production costs triggered by the COVID-19 pandemic and Ukraine War are crippling dry goods supplies and adding pressure to the wine industry and end consumers.
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Russia-Ukraine war
As Western sanctions start to bite Russian economy, it looks like Russia might be swapping fine Bordeaux and Barolos with wines made from China, India and Turkey. Read More
Global wine consumption recovered in 2021 in both volume and value but challenges loom big including global supply chain bottleneck and energy crisis caused by Ukraine war, and China’s persistent market downturn. Read More
Japan's drinks giants Asahi and Suntory have announced price hikes of up to 28% for its main beverages from beer to whisky. Read More