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Article
From Boom To Surplus: The Australian Wine Industry’s Reckoning With A World Drinking Less
Global wine consumption has plummeted to its lowest level since 1961, with Australia facing a structural crisis of oversupply and declining demand. As export markets contract and consumer preferences shift toward premium wines, the industry confronts a fundamental question: can it restructure quickly enough to survive, or will the market force the transformation by default?
Australia Strategy
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