In October 2021, as the world started to emerge from the COVID-19 pandemic amid the vaccine rollout, we reported: “The global recovery is spurring inflationary pressure across supply chains and compounding a shortage of shipping containers, shipping vessels, and efficient port operations”. A year on, each of these problems persists, but we can say – in general – to a lesser extent.  According to Drewry’s World Container Index as of 6th October, average 40ft container prices on the major US-China-Europe routes had dropped for over 30 consecutive weeks, standing 64% below their peak of 12 months ago. Although the current average price on these routes is still 160% higher than average 2019 rates – and on some routes even higher – the price trend appears to be moving in the right direction. Supply of containers is still tight on many routes but we are hearing of vessel space becoming easier to find and the shipping process growing smoother in

It's time to start planning for overwintering your plants and trees. I'd like to suggest getting your orders in early this year due to our broken supply chain and dysfunctional transportation systems. We are toll-blending 3000 gallons of Moisture-Loc this week, and more than half of that is already pre-sold. Your proactive measures will have you prepared for the upcoming season. Moisture-Loc has a two-year shelf life when stored properly.

Vintage Wine Estates, One of the Fastest Growing U.S. Wine Producers, to Become a Public Company: Bespoke Capital Acquisition Corp., a publicly-traded special purpose acquisition company, and Vintage Wine Estates, one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform, announced today a definitive agreement for a business combination that would result in VWE becoming a publicly traded company... The post Afternoon Brief, February 4th appeared first on Wine Industry Advisor. Url:https://wineindustryadvisor.com/2021/02/04/afternoon-brief-1794?utm_source=rss&utm_medium=rss&utm_campaign=afternoon-brief-1794 Published Date:Thu, 04 Feb 2021 22:48:34 +0000