Afternoon Brief, October 6th

FRIDAY, OCTOBER 06 TRENDING STORY   Can Lowering Mile-High Tasting Room Fees Lure the Next Generation of Wine Drinkers? Those who visit wineries in Paso Robles may be in for […]

Afternoon Brief, October 5th

Website Launches to Inform Public About Lawsuits: Hoopes Vineyards, Summit Lake Vineyards and Smith-Madrone Winery are suing Napa County over unconstitutional patterns and practices and have now launched saveoursmallwineries.org...

Afternoon Brief, September 8th

Two Wineries Join Lawsuit Accusing Napa County of Unconstitutional Patterns & Practices: Two wineries have filed motions to join Hoopes Vineyards as parties in interest in the ongoing action against Napa County alleging an unlawful pattern and practice of forcing wineries that have operated for decades to seek permits for rights they have long possessed...

NAPA, Calif. – January 19, 2022 – Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today released its 2022 State of the Wine Industry Report. The 21st edition of the annual report assesses current conditions in the wine industry and provides a unique forecast for the year ahead based on proprietary research and economic and behavioral trends among consumers. While premium wine companies led the industry with the best sales growth since 2007 – and nearly 30% of wineries described 2021 as their best year in history – the US wine industry as a whole experienced a decline in sales volume and failed to take advantage of the tailwind of businesses reopening as COVID restrictions loosened. SVB will host a live videocast with SVB Wine Division founder Rob McMillan to discuss the annual report and state of the wine industry on January 19, 2021 at 9:00 a.m. PST with Amy Hoopes, Chief Strategy and Growth Officer, The W

A Napa native, Lindsay Hoopes spent her childhood walking the vineyards with her family, and in so doing, developed an unparalleled love for farming and her surrounding community... The post Lindsay Hoopes: Creating Economic Viability and Attracting the Next Generation of Consumers to Napa appeared first on Wine Industry Advisor. Url:https://wineindustryadvisor.com/2021/01/22/lindsay-hoopes-economic-viability-next-generation-consumers-napa?utm_source=rss&utm_medium=rss&utm_campaign=lindsay-hoopes-economic-viability-next-generation-consumers-napa Published Date:Fri, 22 Jan 2021 17:00:43 +0000 

20th annual report indicates changes to wine sales in a post-COVID world Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today released its 2021 State of the Wine Industry Report. Now in its 20th year, this authoritative annual report assesses current conditions in the wine industry and provides a unique forecast for the year ahead based on proprietary research and economic and behavioral trends.  Highlights and predictions from the 2021 wine industry conditions survey and report: As the hospitality, travel and entertainment industries rebuild, there will be strong consumer demand and a bounce in overall sales that will gain momentum in 2021, but may not be sustainable into 2022. The wine sales growth rate across all price segments has been declining for many years. The wine industry will need a national marketing organization to deliver a unified consumer message. Price Overall bottle pricing should hold in both off- an

We're All Glad that Year is Over 2020 will go down as the year in which we answered the heretofore rhetorical question - What else can go wrong? That is the opening line from the 2021 SVB State of the Industry Report that will come out Wednesday the 13th.  Throughout 2020 many of us experienced the same run of emotions from disbelief, fear, acceptance, determination, and occasionally even a bit of joy through one of the most difficult times in history. As we went through the year, we would think to ourselves - this has to be the worst of it. It has to get better from here?  We all fought through a series of events, increasing our vocabulary along the way: Coronavirus, COVID, S.I.P. Orders, social distancing, Zoom meetings, herd immunity, PPE, and pandemic - which I thought only happened in bad science fiction movies before last March. Will 2021 Be Better than 2020? I can say with absolute confidence that 2021 will be better than 2020, but I can also say that &l

This is the opening photo from the 20th Annual SVB State of the Industry Report where we begin with a reflection; not on our industry, but on how we each as individuals adapted and prevailed during the most unique business conditions in our lifetimes.  It's important to celebrate this victory but now that vaccines are being given and we can see an end in sight, what's next? Will business conditions return to normal?  If we answer that question truthfully, the answer is no. That means doing nothing and hoping for a good year will produce poor outcomes. Change is needed and will require all wine businesses to apply the learnings from 2020 and evolve to find the unique prescription for your individual winey's success. This will be the first opportunity in 2021 to review the results from the Annual SVB Winery Conditions Survey in concert with the impact and magnitude of events that shaped 2020 and influenced the performance of our industry. During the videocast, we w