My impression of the wine biz is that supply is fragmented. In which case the network of relationships is complex (many-to-many) and so costly to maintain. In

My impression of the wine biz is that supply is fragmented. In which case the network of relationships is complex (many-to-many) and so costly to maintain. In my business (insurance) disintermediation only followed massive consolidation on the insurer side. Many-to-many became Many-to-few. Cheaper to maintain, easier to scale.