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November’s Update on Market Dynamics in Beverage Packaging
With a challenging harvest, ongoing industry headwinds, and the recent resolution of the US election, the world is still adjusting to what has become a continuously evolving “new normal” since COVID-19. The supply chain now braces for potential uncertainties surrounding a new administration.  Concerns about rising fuel expenses are becoming more pronounced, with diesel prices experiencing a modest increase of approximately three cents on average across the US, as reported by the EIA. This uptick is causing anxiety among businesses that rely heavily on transportation to maintain their supply chains. On a more positive note, there is significant relief in international shipping. The cost of ocean freight from Asia to the US has seen a remarkable decline, with container shipping fees plummeting by $1,000 to $2,000. The International Longshoremen’s Association recently conducted a brief but impactful three-day strike at ports along the East and Gulf Coasts. This wor
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Today's wine business news for wine industry professionals...

Right-Wine Extremist from L.A. Who Turned a Lodi Vineyard into a Shooting Range Cops a Plea with Feds: Right-wing extremist Benjamin Jong Ren Hung who, according to FBI court documents, turned his family’s Lodi-area vineyard into a militia-style, illegal firearms training camp — complete with human target mannequins — has signed a plea deal with federal prosecutors...

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Vintner David Green and Winemaker Maayan Koschitzky of Royal Prince Wines today announced they will debut the first single-serve wines in Quartino® by govino with their 2020 Royal Princess Rose, Russian River Valley in mid-August 2021...

Royal Princess 2020 Rose, Russian River Valley will be First-to-Market in World’s First Single-Serve Packaging System Designed for Premium Wines (Napa, Calif.—August 16, 2021)—Vintner David Green and Winemaker Maayan Koschitzky of Royal Prince Wines today announced they will debut the first single-serve wines in Quartino® by govino with their 2020 Royal Princess Rose, Russian River Valley in mid-August […]

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