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Daily Newsletter

15 August 2023

Daily Newsletter

15 August 2023

Treasury Wine Estates prepares for potential re-opening of trade with China

CEO Tim Ford said shipping flexibility has been built into the second half of FY24 in case China's tariffs are lifted.

Jessica Broadbent August 15 2023

Credit: mokjc / Shutterstock.com

CEO Tim Ford said shipping flexibility has been built into the second half of FY24 in case China’s tariffs are lifted.

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Non-alcoholic drinks market remain resilient despite inflationary pressure

Per GlobalData analysis, the non-alcoholic beverages (NAB) market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.

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