‘Frenzied activity’ characterised the fine wine market during the second half of 2021 and most of 2022 in particular for Champagne and Burgundy, when prices increased by 69% and 58% respectively according to Bordeaux Index. However, things were much more subdued in 2023, with the platform also predicting some return of optimism in 2024.
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Harpers’ latest survey canvassed the UK’s independent retailers to ask which cost pressures are affecting them most and to what extent. Now, the results are in – and we can the report that price rises have become a necessary evil for the majority of businesses.
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It doesn’t seem to matter what flavour of government you have at the moment – when it comes to the spirits and hospitality industries, there’s a stench of incompetence. In Scotland we have the incredibly public failure of the DRS scheme, which, as a result, has wasted millions of pounds of taxpayers’ money. But don’t be fooled – it really is no better, south of the border. Westminster will raise you a cock up, in the form of the increased duty rates.
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A majority of Britons believe companies are using inflation to mask price gouging. But despite price rises, loyalty to alcohol brands remains high, according to new findings by consumer research platform Attest.
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One of the biggest challenges facing wine producers worldwide is the shortage of glass bottles – but that’s not the only problem that will dog 2022, as James Bayley reports.
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A combination of climate change, labour shortages and increased shipping costs are threatening Britain’s wine supplies, with price rises likely to follow, Wine Drinkers UK (WDUK) has claimed.
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