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Twenty-twenty was an eventful year to say the least. As the tumultuous year comes to a close, the world is still reeling from the deadly Covid-19 pandemic, which has impacted every aspect of life and business.

But there was more to this year than disease and strife. Big deals were done, innovations launched, and progress towards sustainability was made.

To read the roundup of the most important stories of the year, published in PKN's Nov-Dec 2020 issue, click here.

Food & Drink Business

Australia’s tax on alcohol has risen again, prompting warnings that taxed-spirits are becoming unaffordable and that rising drink costs are driving demand for cheap, illicit alternatives.

Gleb Tsipursky argues that AI’s value in food manufacturing will depend on learning from its mistakes, with frontline insights helping improve safety, productivity and decision-making.

Treasury Wine Estates (TWE) says it is dropping the value of its US business by a further $558 million in write-downs. This follows the $687 million of write-downs the wine maker made against the business unit in December 2025.