2020 Winery Economic Report:
Wineries Remain Resilient Through Pandemic, Bankers Unsure of Future
Despite the extreme financial and workplace disruption to the wine industry caused by the COVID-19 pandemic, bankers told Wine Business Monthly they were surprised and encouraged how resilient most wineries are after having adjusted their income-producing business practices in reaction to tasting room closures, new safety protocols in the cellar and other disruptions. Bankers also note that predicting the overall long-term, economic prospects is tantamount to picking winning lottery numbers. ...
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