Wine Sales Symposium’s Post

SVB 2024 Wine Industry report is out and I consider it core reading for anyone in the industry. Key takeaways include a decline in DTC volume and value wines, fewer consumers drinking wine, and the potential for overproduction from vineyards in 2024. Bright spots include premium wines and imports. https://lnkd.in/gVpKkYkB

Discover how Anne Dozier, #CIO of Southern Glazer's Wine & Spirits, harnesses the power of technology to break through supply chain obstacles to drive #innovation. Link to full video in link below. #GartnerResearchBoard

Rob McMillan and his team have prepared the definitive report on the state of the U.S. wine industry from more than 20 years. As it's at the nexus of two of my interests — wine and business — I always read with interest. This year's report is more compelling than ever. As Rob says, the industry is suffering, the move shift towards premium has pretty well played out, and younger drinkers have tastes far from wine, especially as many more are staying away from alcohol all together. I'm not in a position to help the industry address its more systemic challenges (although I would welcome the chance). But I think there is a lot that wine lovers can do to pass their passion along to younger friends and colleagues. In my last role, a few colleagues and I started a group for people interested in wine, and were explicit that no prior knowledge was required. The idea was to make wine a little less imposing, especially for younger colleagues, while introducing a few key concepts and helping people work out what they like. We hosted regular tastings and tried to give everyone a range of options to explore. Often, colleagues were surprised by what they enjoyed most. But our most inspired idea was to gather the wine lists from local restaurants near our office and put on a tasting with a few wines from each. That way, if colleagues were hosting clients, friends, or whatever, they would already have some knowledge of the wine list and could be comfortable and confident that they could identify something good. It's easy to see how this sort of model could be applied elsewhere. Lots of people want to learn about wine. Here in London, smart retailers are putting on events that invite people to discover wine and figure out their own tastes. But there is a lot more to do. And I'd love to see the industry embrace the challenge of teaching alongside its substantial marketing efforts. From a communications perspective, the whole industry needs a fresh approach. In the same way producers are experimenting with new varietals, the industry needs to try new ways of reaching its audiences, especially younger ones. (And, just to be clear, I'm not advocating alcohol at every company event or meal. I appreciate the sensitivities around this topic and the need for the exercise of careful judgement and caution. I also realise that the relationship between the communications industry and alcohol has long been fraught. The decision to drink or not is an individual choice that should be respected, and any event should include measures to ensure that everyone feels comfortable, regardless of whether or not they are tasting.) #wine #winebusiness

Wine Industry Impact Conference – The Only Way is Up The Wine Industry Impact Conference; ‘The Only Way is Up’ presents an engaging and thought-provoking program that will focus on reevaluating and adapting what winegrape, wine, and supply businesses should be doing to build profitability. In addition to local experts, three keynote international presenters will contribute rare insights to Day One’s program by outlining their experiences and observations in industry rejuvenation. Other topics of note range from; technological updates, to traversing the changing consumer environment, to personal wellbeing during times of change. The Conference’s emphasis on how wine-related businesses can adjust to improve their positions will be of interest to anyone with a stake in the health of the Australian wine industry. The Conference is to be held Tuesday 28 (Adelaide Oval) and Wednesday 29 November (SA Regions), and in conjunction with the Wine Industry Impact Awards’ Gala Dinner (Adelaide Oval, Tuesday 28 November). For information and to register now: wiic.com.au

📊🍷 The Liv-ex 2023 Classification is out! As the fine wine market continues to evolve, it's crucial for investors to stay informed. Our latest blog post looks at the most valuable investment wines of 2023, offering insights into market trends, regional leaders, and top-ranking wines. Whether you're a seasoned investor or just starting out, this is a must-read! 🥂📈 https://buff.ly/44X2kMK Peter Shakeshaft Patrick McConnell James Shakeshaft #FineWineInvestment #MarketInsights #Investment #WineIndustry

At the IDC Financial Forum event, speaking about the exciting fusion of wine and technology! 🍷💻 Together we explored how technology is transforming the wine industry, from smart vineyards to AI-driven production and how the wine industry is inspiring people from different fields. Lots of thanks to the IDC Financial Forum for the opportunity to discuss this fascinating topic! Cheers to the future of wine and technology! 🥂🌍 #IDCFinancialForum #WineAndTechnology #TechRevolution IDC Romania 💙

📊 Our Q3 report is now available, it reviews the following: 📉 Fine wine market trends in Q3 and YTD 🍷 We look at the performance of investment wines and identify key wines and regions for investors 📈 Discover which were the top performing investment wines in Q3. ❔ Regional trends - how should you plan to diversify your wine portfolio in Q4 to optimise returns? 🤔 What do you need to know if you are new to wine investment? 🎅 What do wine investors need to consider as we approach the end of 2023? Download here now https://lnkd.in/eMjPVjg4

🍇 Quinton Jay, a seasoned veteran in the wine industry and leader on the Forbes Business Council, reveals the power of prediction and cost understanding in wine business success. 🍷 Learn how modeling and planning can shape your winery's future. 🤑 Knowing your costs and anticipating grape yields are essential for thriving in the wine industry. In this episode, Quinton shares valuable insights on navigating these critical aspects. 🍇💰 Dive in to gain expert knowledge on the wine business and its key success factors. Cheers to forecasting success! 🥂 Check out this week's episode here : https://lnkd.in/g5Z7Swg5

The 'Introduction to fine wine investment' report, outlines how investing in fine wine works in practice and the key trends that have defined the market over the past years. Claim your complimentary report here: https://bit.ly/3LShRH2