US Wine Industry Could Lose Nearly $6 Billion in Revenues in 2020

Dear Client: The US wine industry (10,000 wineries and 8,000 winegrape growers) is facing up to $5.94 billion in revenue losses on an annualized basis in 2020, according to a new analysis by Jon Moramarco, managing partner of BW166 and editor of the Gomberg-Fredrikson report."Despite recent news of consumers increasing wine purchases from grocery stores and other outlets, the impact of on-premise and tasting room closures plus projected declines in direct-to-consumer sales will offset any short-term sales gains when taking into