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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

Western Australian produce companies, Fruitico Pty Ltd and Fresh Express Produce Pty Ltd, have each paid the maximum penalty of $99,000 for alleged breaches of the Horticulture Code – which the federal government recently initiated an independent review for after almost a decade without update.

The federal government has invested an additional $55.8 million through the 2026 budget to address border and biosecurity threats from illegal foreign fishing in Australia’s northern waters.

Treasury Wine Estates has unveiled TWE Ascent, a multi-year transformation program that will more than halve its brand portfolio, exit commercial wine segments and consolidate investment behind Penfolds, DAOU and Matua as its global ‘Power Brands’.