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2023 Year-End Wrap Up in Wine

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Manage episode 392609177 series 3248251
Content provided by Robert Vernick and Peter Yeung. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Robert Vernick and Peter Yeung or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

2023 wrap-up for the wine business


Topics we covered in 2023

  • Sustainability (8-part series that had Drew Bledsoe to CEO of Silver Oak David Duncan and across the world from the US to Spain to Bordeaux)
  • State of the Wine Collector (LA, Dallas)
  • Leveraging non-gov’t organizations (VDP, Grand Pagos) to promote wine

Revenge travel

Online retailer issues - Underground Cellar (April 2023), SommSelect (July 2022), Winc (Nov 2022, 1 year after going public) all went bankrupt, others struggling back to 2019 or even lower levels

  • More missing bottles w/ Sherry Lehman (~Mar - Aug 2023), Chelsea wine storage

Inflation / economic slowdown globally and impact on wine market

Global health/wellness; Millenial/Gen Z slowing down alcohol consumption

Is wine part of the good life?

  • Wine, particularly fine wine, is used differently than beer & spirits; it is also better from a health perspective
  • The Wine Access interview re-emphasized - the experiences with wine
  • The Italian lifestyle / holy trinity of the good life - cheese, wine, & bread
Get access to library episodes

Hosted on Acast. See acast.com/privacy for more information.

  continue reading

171 episodes

Artwork
iconShare
 
Manage episode 392609177 series 3248251
Content provided by Robert Vernick and Peter Yeung. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Robert Vernick and Peter Yeung or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

2023 wrap-up for the wine business


Topics we covered in 2023

  • Sustainability (8-part series that had Drew Bledsoe to CEO of Silver Oak David Duncan and across the world from the US to Spain to Bordeaux)
  • State of the Wine Collector (LA, Dallas)
  • Leveraging non-gov’t organizations (VDP, Grand Pagos) to promote wine

Revenge travel

Online retailer issues - Underground Cellar (April 2023), SommSelect (July 2022), Winc (Nov 2022, 1 year after going public) all went bankrupt, others struggling back to 2019 or even lower levels

  • More missing bottles w/ Sherry Lehman (~Mar - Aug 2023), Chelsea wine storage

Inflation / economic slowdown globally and impact on wine market

Global health/wellness; Millenial/Gen Z slowing down alcohol consumption

Is wine part of the good life?

  • Wine, particularly fine wine, is used differently than beer & spirits; it is also better from a health perspective
  • The Wine Access interview re-emphasized - the experiences with wine
  • The Italian lifestyle / holy trinity of the good life - cheese, wine, & bread
Get access to library episodes

Hosted on Acast. See acast.com/privacy for more information.

  continue reading

171 episodes

All episodes

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