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Robert Russell: What you should know about wine in 2020

During 2020, wine journalists theorized on the potential impact of COVID-19 on the industry; this writer included. We now have real data, from the International Organization of Vine and Wine; and the market for wine overall dropped almost 3%. All knew that consumption in restaurants and bars was going to be off significantly, but hoped that the grocery stores, along with other retail options, would take up the slack. However, with long-term trends in play, even with an increase of world population from 6.3 billion to 7.8 billion in the last 20 years, total wine consumption is now at its lowest level over that period.

Retail Therapy: The million-dollar wine that s out of this world

Retail Therapy: The million-dollar wine that s out of this world Christie s is auctioning off a bottle of wine that spent 14 months aging aboard the International Space Station. Published May 7, 2021 Courtesy of Christie s It s been another weird week in retail. A bottle of wine went to space to age, Charmin developed a technology to make video call emergencies less awkward and Gwyneth Paltrow announced Goop would soon be hitting the seas. This, and more, in this week s retail therapy. For a wine that s out of this world, it ll cost you While wine consumption actually decreased 3% in 2020, according to the International Organisation of Vine and Wine based in Paris, it sure feels like we ve been emptying more bottles this past year. But that may be because new wines and products keep entering the market.

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