DTC Wine Channel Continues Downward Trend

Dear Client:   The direct-to-consumer wine shipping channel continued its downward trend so far this year. For the first six months of 2024 DTC wine shipments were down 11% by volume to 3.1 million cases, and down 5% in value to $1.8 billion compared to the same period last year, according to Sovos ShipCompliant's Mid-Year Report released today.  Shipment volume and value declines were seen across all regions nationwide, "reflecting the broader challenges faced by the industry," per report.  VERY