As we have been reporting for some time, the current excess market cycle had already slowed the bulk wine and
grape markets well before the shelter-in-place orders. This time last year, most of the larger companies were in an
oversupply position causing some traditional buyers to become sellers. Over the last year and a half, wineries and
growers have made difficult choices to right-size inventories, realign their cost of goods, and/or remove acres.
Many of our clients started making efforts to reduce supply, increase demand through innovation, and release
new brands at lower price points. Read More