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Home / In the News / Wine Prices Could Skyrocket This Summer Thanks to a Shortage

Home / Wine Prices Could Skyrocket This Summer Thanks to a Shortage

RESILINC BLOGS
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Wine Prices Could Skyrocket This Summer Thanks to a Shortage

May 25, 2022
< 1 MIN READ

Eat This, Not That!

With inflation the highest it’s been in decades, many grocery items are seeing sticker shock right now. Items like eggs, pasta, fruits, vegetables, and even certain types of meat are skyrocketing in price. But there’s another one to add to the list made worse by what it comes in, and one expert says the higher cost may be around for a while.

A low supply of aluminum cans has affected the alcohol industry since the pandemic started, with a glass bottle shortage starting late last year. The latter is still going on, and when there is less supply, the price of what is available goes up. Bindiya Vakil, the CEO of global supply chain company Resilinc, tells Eat This, Not That! prices for these bottles have gone up 20%. Recent reports also say wine sellers are paying a few dollars more for each, and that cost could be passed down to you the next time you buy your favorite wine.

Read the full Eat This, Not That! article>>

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Discover how the latest China COVID-19 crisis can derail your supply chain

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