Covid-19 and the Wine Industry

05/18/20 • 21 min

XChateau is a podcast about all things wine, from vine to your glass. We tackle the business of wine and keep you up to date with new and exciting developments so you always know what goes into your bottle.

In this episode, hosts Robert Vernick and Peter Yeung discuss how the Covid-19 outbreak is impacting the wine industry and consumers. With everyone on lockdown, the landscape of the wine industry has had to adapt, and may have to evolve further, to stay competitive.

Robert and Peter go in-depth about how sales are being affected, new strategies the industry should be employing, and how the impact on the restaurant industry directly affects the wine consuming experience. They also discuss how some types of retailers are hurting more than others.

Topics covered in today’s episode:

The state of the industry pre-Covid-19.
How the net wealth of consumers affects pricing.
Which sectors are actually benefitting from lockdown?
Specialty stores and a need to shift to e-commerce.
Closing of wineries: How does this impact communicating brand message?
Adapting and overcoming: Strategies for growth during a global pandemic.
Emergence of the online experience and how lack of other content is driving change in what the industry produces.
What the future holds for consumers and the industry: Is this a chance to shake up a stagnating business and catch up to the rest of the world?

If you loved this episode, we would love for you to subscribe, rate and review on iTunes or wherever you get your podcasts. Until next time, cheers!

Get access to library episodes

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

Topics covered in today’s episode:

The state of the industry pre-Covid-19.
How the net wealth of consumers affects pricing.
Which sectors are actually benefitting from lockdown?
Specialty stores and a need to shift to e-commerce.
Closing of wineries: How does this impact communicating brand message?
Adapting and overcoming: Strategies for growth during a global pandemic.
Emergence of the online experience and how lack of other content is driving change in what the industry produces.
What the future holds for consumers and the industry: Is this a chance to shake up a stagnating business and catch up to the rest of the world?

If you loved this episode, we would love for you to subscribe, rate and review on iTunes or wherever you get your podcasts. Until next time, cheers!

Get access to library episodes

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

Next Episode

Defining Natural Wine

XChateau is a podcast about all things wine, from vine to your glass. We tackle the business of wine and keep you up to date with new and exciting developments, so you always know what goes into your bottle.

In this episode, host Robert Vernick and co-host Peter Yeung discuss the recent change in the way natural wine can be classified. The French Appellation System has put a new system of categorization into place, meaning natural wines must be organically farmed, hand harvested, and use only indigenous yeasts.

Robert and Peter go further in depth about the new criteria for natural wines and explain the differences between products that would be classed natural now compared to before the change.

Stay tuned to hear Robert and Peter’s thoughts on how these changes will affect the producers of natural wine, if at all, and if in fact the product itself will change with the new processes.

Topics covered in today’s episode:

The new definition of natural: How different is it?

Growth in the natural wine market.

Impact on wine producers: What are the risks with these new guidelines?

How different regions will be affected.

Certification process.

The effect on the importing and labelling of products.

Quality vs pricing: How, if at all, will these factors be affected?

Impact on people with dietary restrictions.

How will we know if the change is effective?

If you loved this episode, we would love for you to subscribe and rate and review on iTunes or wherever you get your podcasts. Until next time, cheers!

Get access to library episodes

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