1. Briefly describe the changing economic geography of the global wine industry in terms of production‚ distribution and consumption. The Global wine industry has undergone a monumental change in terms consumer demand and more importantly in the ways it is produced and sold. The consumption‚ distribution and production has migrated away from the restrictions and regulations of the Old World to the New World ways of smart marketing‚ branding and serving to customers preferences. Middle ages
Premium Terroir Wine Winemaking
Introduction Human beings have been dealing with wine for thousands of years‚ from the Mesopotamians to the ancient Egyptians‚ from the Greeks to the ancient Romans‚ the latter which under their vast empire spread viticulture through the Mediterranean region. Through centuries countries‚ such as France and Italy‚ obtained a consolidated position in the wine industry‚ both in demand and production. In the last part of the 20th century newcomers (Australia‚ South Africa‚ New
Premium Wine Terroir
Global Wine Wars 2009: Old versus New World 1. The wine industry thrived in the Christian era due to reasons of dynastical prestige and competition for luxury. Europeans had planted vines to produce wines of different qualities. Production of wine gained momentum with the introduction of wine processing plants in France. France became the leading producer of quality wines due to the favorable conditions that they had experienced within the country. High wine production in France continued for several
Premium Wine
Global Wine Wars 2009: New World versus Old World Executive Summary The concept of wine-making was originally an art dominated by several European countries‚ mainly amongst the noble class‚ competing against one another for the highest quality wines. Traditionally set in their ways‚ from their methods of planting‚ to harvesting‚ to marketing channels and their consumers‚ the “Old World” wine-makers were unprepared for what was ahead of them as the “New World” growers joined in the struggle
Premium Wine
ADVANCED MARKETING MANAGEMENT CASE REPORT: Global Wine Wars: New World Challenges Old (Harvard Business School Case # 9-303-056) NMI 1. How did the French become the dominant competitors in the increasingly global wine industry for centuries? What sources of competitive advantage were they able to develop to support their exports? Where were they vulnerable? French wine makers also face challenges that are not internal to the industry. For instance‚ France lost market share in the United
Premium Wine Terroir Chardonnay
US winery industry had a growth rate of 4.7% between 2006 and 2011‚ and is expected to grow by a rate of 4.9% over the next five years [ (IBISWorld) ]. In California alone an average of 175 wineries have opened every year since 2000 [ (Richard Green) ]. The states of New York and Virginia have been major players in the US wine industry. The data shows that the demand for wine has been increasing at an exponential rate over the past 5 years. Average annual revenue for the wine industry is expected
Premium Wine
Introduction In common with the other major wine-producing nations of the “old world” such as France Germany and Spain‚ Italy has undergone something of a reality check during the course of the past 20 years. The old certainties that appeared to guarantee a healthy export trade reaching far into the future have been dented somewhat by the appearance of the new kids on the block. “New world” nations such as the United States‚ Argentina‚ Chile and‚ in particular‚ Australia have helped to concentrate
Premium Wine
Global Wine Wars In the beginning Grape growing and wine making have been human preoccupations at least since the times when ancient Egyptians and Greeks offered wine as tributes to dead pharaohs and tempestuous gods. It was under the Roman Empire that viticulture spread throughout the Mediterranean region‚ and almost every town had its local vineyards and wine was a peasant’s beverage to accompany everyday meals. By the Christian era‚ wine became part of liturgical services‚ and monasteries
Premium Wine Terroir
in the Australian Wine Industry goes back four generations. Owner Patrick McGuigan the first of four generations to enter the wine industry was a dairy farmer by trade. Percy McGuigan ’s career was spent at Penfolds. Prior to retirement in 1968 Percy purchased Dalwood estate and renamed it Wyndham Estate. Two years later he sold it to his son Brian McGuigan. Brian McGuigan has been involved in the wine industry for over thirty five years. He developed Wyndham Estate Wine Company in the Hunter
Premium Financial ratios Financial ratio Wine
French firms dominate the wine industry in the past. In the mid-1600s‚ a Bordeaux producer applied new techniques that led to a new age of large-scale fine wine. The development of fine wine was enhanced by the introduction of glass wine bottles sealed with cork. These innovations not only helped wine last longer but also made it age better. After the First World War‚ overproduction and fraud prompted French government took steps to protect and strengthen the wine industry. By 1935‚ the AOC system
Premium Chardonnay Wine Cabernet Sauvignon