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I won't cry a river for the flailing booze industry
Craft breweries are closing almost weekly as wine sales fall and governments move to cushion the industry’s losses.
- Australia's alcohol industry faces a broad decline as Beer and Wine sales slide, with rising costs making a glass of water more tempting than unremarkable Beer for many consumers.
- Gen's wellness obsession has overpowered the youthful desire to drink, while cost-of-living pressures further deter consumption across the country.
- Craft brewers are struggling, with some 80 businesses closing in the past three years, prompting South Australia's Malinauskas government to pour $109 million into a Wine industry support package.
- Griffith University estimates the decline in drinking could save Australia's health system as much as $68 billion over the next 60 years, offsetting economic losses in the sector.
- Similar trends are appearing globally, with a Gallup poll finding only 54 per cent of Americans drink, a record low, while the Japanese government has campaigned to encourage drinking again.
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53 Articles
53 Articles
Coverage Details
Total News Sources53
Leaning Left44Leaning Right0Center5Last UpdatedBias Distribution90% Left
Bias Distribution
- 90% of the sources lean Left
90% Left
L 90%
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