Rear view of young Asian woman grocery shopping for wines in a supermarket. She is standing in front of the liquor aisle and have no idea which wine to choose from.
  • Wine has a supply and demand problem: there's too much of it.
  • Growers in Australia, California, and France are ripping up vines in response.
  • A significant reason is that the demand for alcohol has declined.

Shrinking demand for boozy beverages has contributed to an oversupply of wine.

Now, some farmers in Australia, California, and France are tearing up entire sections of vineyards.