Leading fine wine and spirits merchant Bordeaux Index posted a record sales value of $174m (£128m)in 2021, with turnover rising by almost 50% year on year.
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The advance of Artificial Intelligence (AI) software is by far the most exciting catalyser of innovation in the wine industry, according to speakers at an Institute of Masters of Wine (IMW) webinar held yesterday (17 June).
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At first glance, the day-to-day logistics of running a bonded warehouse is scarcely of any interest to the wider trade, let alone consumers. Regarded as a prosaic stepping stone in the overall supply chain, firms such as Berry Bros & Rudd (BBR) have been managing these “holding bays” for decades, a regulated space where imported goods that are intended for export can be stored without actually entering the UK market. Duty and VAT payments are deferred until the wine is sold or removed from the bonded warehouse. It’s that simple.
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