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Daily News Feed - June 30, 2023

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Happy Friday, everyone. Note that with the US 4th of July holiday coming up on Tuesday, there will be no Daily News Feed on Monday, July 3 or Tuesday, July 4.

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Ted Lemon of Littorai talking about his farming

Friday Fun

With most of us Americans excited for vibrant fireworks displays on Independence Day (4th of July) Tuesday, we leave you with this beautiful drone-powered light show from this week’s Bordeaux Wine Festival 2023.

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Today’s Most Interesting Wine Industry Data

Alcohol is one of the least popular food and beverage items consumers purchase online. But there’s a strong case for long-term growth as regulations ease and consumer behavior around digital grocery continues to evolve.

Key Question: What percentage of alcohol sales will occur online in the next five years?

Key Stat: Ecommerce will account for just 5.0% of off-premises alcohol sales in 2027, but larger food and beverage trends suggest a higher ceiling for digital growth.

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