Tag: Covid-19

In what could be called the Great Wine Decline, the wine industry has suffered a 21% decrease in revenue from the Covid-19 pandemic in 2020 through 2025, which has led to a surge in winery closings. The wine sector’s total revenue fell by $19.7 billion over the six-year period…

Mark Zuckerberg’s pivot to the metaverse during Covid seemed shocking, if not a bit bold at the time. After all, the CEO of Facebook invested tens of billions of dollars to pivot one of the world’s largest and most valuable companies into a purely speculative venture…

The economic downturn in the trucking industry led to dozens of bankruptcy filings in 2025, as the Great Freight Recession victimized the sector since the end of the Covid-19 pandemic. The downturn has claimed another trucking company this month, as Sparhawk Trucking battles financial distress to …

The casual restaurant sector faced economic challenges in 2025 that have continued into 2026, leading to closed locations and bankruptcy filings. Most restaurant chains have given similar reasons for closing locations, and in some cases, filing for bankruptcy, including rising labor and product …

The U.S. wine industry faced a challenging year in 2025, which resulted in a decline in volume to 329 million cases produced, compared to 335.9 million cases in 2024. Wine industry revenue also declined in 2025 to $74.3 billion, compared to $75.5 billion in 2024, according to Silicon Valley Bank’s …

The restaurant sector has faced declining sales and customer traffic in recent months, based on data from the National Restaurant Association, which has led operators to close locations and, in some cases, file for bankruptcy. Data showed that 44% of restaurant operators reported lower same-store …

The Mexican restaurant sector finished a challenging year in 2025, as economic issues forced dining chains to close underperforming locations and restructure their financial situations. In some cases, they filed for bankruptcy. Fast-food chain Taco Cabana, which had operated 146 restaurants in New …

The Great Freight Recession has been challenging for trucking and logistics companies since it began in early 2022. Shipping companies have faced reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance, which have impacted revenues and profits. In some cases, …

After roughly 15 months of the Covid pandemic lockdowns, I sat with my laptop outside a Starbucks in West Palm Beach. It seemed like a little thing, but when I realized how long I had been surviving off of drive-thru and pickup, I started to cry…

The Great Freight Recession shows no sign of ending anytime soon, as more iconic trucking companies permanently shut their doors. In some cases, shipping companies declared bankruptcy, with about 21 firms filing petitions in the third quarter of 2025 and 20 companies in the second quarter…