Is there a slowdown in US wine sales?

Alcohol is piling up in warehouses across the US, says Jeff Siegel. Does this mean wine isn’t selling – or is something else going on?

Photo by Mike Benna on Unsplash
Photo by Mike Benna on Unsplash

US wholesale alcohol inventories are at an all-time high, according to figures from the US Census Bureau. Is this just normal business, given the increasing cost of wine, beer and spirits in the US over the past 30 years, or is something going on that is more economically ominous for the wine business?

The latter, given several important caveats, could well be the case.

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