Economy

In Crisis, Opportunity

By Geoffrey Norman
Published November 1, 2013 2:25pm ET
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In Crisis, Opportunity
The bad news is about a global shortage in something critical to the pursuit of happiness. Namely, wine. As Aaron Smith of CNN Money reports: The [wine] industry is experiencing an “undersupply of nearly 300 million cases” a year, according to a report from Morgan Stanley Research. There is a possibility that we may be approaching a […]

The bad news is about a global shortage in something critical to the pursuit of happiness. Namely, wine. As Aaron Smith of CNN Money reports:

The [wine] industry is experiencing an “undersupply of nearly 300 million cases” a year, according to a report from Morgan Stanley Research.

There is a possibility that we may be approaching a state of “peak wine,” since “[w]ine has become particularly popular in China, as the economy booms and the standard of living there rises.”

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