Over the next year, wine businesses will be forced to make decisions based on difficult economic conditions, but Americans are still buying wine. There’s no denying tough times, as everyone from producers to the consumers attempts to navigate dire straits. Still, some bright spots, and looming opportunities, are emerging for smart players in wine.
A 15-percent tariff is driving up costs from the European Union, which supplies 80 percent of imported wines, and U.S. importers are suffering. “Importers, distributors, suppliers, retailers, restaurants—there are so many jobs impacted because of these tariffs,” laments Marcelo Aguero, the CEO of Kobrand Wine and Spirits in Purchase, New York.
Excerpt Taken From: SevenFifty Daily
Author: Betsy Andrews
