Winery owners and CFOs who believe an economic recession is likely in 2020 should examine how highly leveraged their businesses are, spend some time cozying up with their bankers and focus their efforts on their most profitable products and sales channels. These suggestions come from well-informed wine industry pros who have worked through previous recessions and aren’t losing sleep in anticipation of another. “The 2008, 2009 and 2010 downturn was severe, but people learned ...