Wine Insights September 2024 Part 2 – Consolidation and diversification, how the industry is reshaping itself

In the second part of KPMG Australia’s September 2024 Wine Insights series, we explore how the industry is responding to the supply and demand imbalance that is rocking the wine market worldwide.

In Part 1 of this series of wine industry insights, we discussed the supply and demand imbalance that is affecting wine makers across the globe. Based on current projections, the oversupply of red wine in Australia is likely to persist and wine makers will need to continue to adjust supply and even take a deeper dive review into their operations and strategy. We outlined this in our April 2024 wine industry insights paper, whereby if the industry is to remain resilient, profitable, and sust...

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Authors: Tim Mableson, Andreas Clark,

Published Date: 26 September 2024