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Is there really an impending global wine shortage?




Members of China's team participate at the World Wine Blind Tasting Challenge on October 12, 2013 at the Larrivet Haut-Brion castle in Leognan, southwestern France.
Members of China's team participate at the World Wine Blind Tasting Challenge on October 12, 2013 at the Larrivet Haut-Brion castle in Leognan, southwestern France.
MEHDI FEDOUACH/AFP/Getty Images

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Is there a coming winepocalypse?

A new report from Morgan Stanley has stoked fears of an impending global wine shortage. According to their research, wine production in many European countries is declining, while global wine consumption is increasing.

But before you rush out to clean out the shelves of your local BevMo, we want to get a sober opinion on the matter. Lewis Perdue of the journal Wine Industry Insight joins the show with more.