Afternoon Brief, October 5th

Increasing Temperatures Led to Better-Tasting Wine Grapes, but for How Long?: Warming temperatures over the past 60 years have led to increased wine quality, but a new study looking at sugar and color content in grapes indicates the industry may be facing trouble if trends continue, according to collaborative research out of the University of California, Davis, and University of Bordeaux...

Industry professionals throughout the United States have until May 14, 2021, to participate in the 2021 Wine Industry Financial Benchmarking Survey conducted by Moss Adams, one of the leading accounting firms in the US serving the wine industry. Moss Adams is collecting data from 2020 through a confidential online survey that addresses price points, geography, business models, distribution channels, varietal focus, and other financial and operational challenges related to the long-term outlook for the wine industry. The survey is structured to provide comparative data from individual businesses across the industry, particularly within specific peer groups using a common sizing application. The survey was previously completed in 2017 and provided insightful and useful information.The benchmarking report that comes from the survey is an invaluable tool for an industry that only recently began to engage in more peer group financial comparisons and studies. Those data points will give wine