We need to be innovative to solve the many challenges facing the UK wine trade. Well, more sex might just be the answer. This could be very good news, being not only pleasurable but without cost to anyone’s business.
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The wine industry has undergone an extraordinary transformation over the past 100 years, from a Eurocentric production hub to a globally diversified and internationally traded commodity which is now looking ahead to the second half of the decade as part of its strategic plan.
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A shifting picture of diversification amid a challenging global landscape emerged from an interesting discussion in London yesterday (26 November), where Rodolphe Lameyse, CEO of Wine Paris owner Vinexposium, and Miles Beale, chief executive of the WSTA, gathered members of the press to discuss the potential ways of returning businesses in the UK and elsewhere to much-needed growth.
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Extreme weather around the world is believed to have sent global production plunging to its lowest level since 1961, while France becomes the world's biggest wine producer, new figures suggest.
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Many years ago I was asked to act as a strategic consultant to a Chilean wine business. They wanted help with reformulating their strategy, first to achieve break even, then to reach sustainable profitability. The business was 100% targeted at export markets, with the UK a key priority.
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The latest analyses of the global wine market by IWSR offers some positives, though set against the prediction that the trend to drink less and drink less often will continue.
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Ahead of Wine Paris and Vinexpo Paris in February 2023, organisers have partnered with Wine Intelligence to delve into the drinking habits of UK wine consumers.
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I wonder if you embraced dry January this year. Apparently quite a few of us went ‘semi-dry,’ which sounds as contradictory as being a little bit pregnant. I always thought such things were all or nothing. Apparently it refers to consciously controlling alcohol consumption by drinking on fewer days, or drinking less when we do, or turning to No and Lo products instead of the full fat options. A booze equivalent of the ‘flexitarian’ approach to food perhaps.
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Spain’s leading white wine export has continued its upward trajectory, with DO Rueda reporting a 15% upswing in 2020.
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New data has revealed that turnover from UK online retail slumped in the month of August, with three notable exceptions.
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A recent survey commissioned by fine wine merchant Bordeaux Index suggests that the pandemic has led to a surge of interest in fine wine buying – either for immediate consumption or longer term investment.
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The OIV’s recent annual report painted a picture of shifting global supply, with consumption falling to its lowest ebb since 2002 and vineyard surface area nudging back towards Europe as China’s plantings slow.
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The Portman Group has hit back at a new report which recommends the introduction of several ‘radical’ new measures for combating alcohol harm in the UK.
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The double whammy of an already slowing economy compounded by coronavirus could accelerate consumer demand for reliable and legitimate wine brands in China.
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South Africa’s already hard-pressed wine industry has greeted the renewed ban on alcohol sales with dismay, with Vinpro describing the government-imposed clamp down as a “devastating blow”.
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Wine consumption in some of the UK’s nearest neighbouring markets looks to be steady, with consumers maintaining overall wine consumption as lockdowns ease.
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Despite the marked shift from on-trade to home drinking, lockdown could still leave a sobering £7bn hole in total UK alcohol sales, as Andrew Catchpole reports.
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It will take five years for the global alcohol category to get back to pre-Covid health, the IWSR has predicted, with double digit declines expected to the hit the category this year.
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Beer and cider were hard-hit in the 2008/9 economic crisis, suffering from a combination of duty rises, an on-trade slump and increased at-home consumption, all of which tend to favour spirits and wine.
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The UK’s 28 million wine consumers have found new and more occasions to enjoy their favourite drink, according to new research from Wine Intelligence.
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