Just Drinks

Daily Newsletter

29 August 2023

Daily Newsletter

Wentworth Vineyards acquires Abel Vineyard, seeks new markets

In order to meet domestic demand and enter “new export markets”, the vintner will plant Pinot Noir and Chardonnay at the Abel site and expand production to 3,000 cases over the next three years.

Investors reacted positively to Treasury Wine Estates plan to “rebalance” its US supply chain aimed at “accelerating the improvement of future returns”.

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Could the consumer industry be bolstered by the increased use of AI

The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. For the most part, these sectors will not play a significant role in creating and developing AI hardware or platforms, but will instead help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.