Wine Industry Financial Symposium

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Far Niente Wine Estates CFO Dana Vivier recently served as a panelist at the Wine Industry Financial Symposium. Together with other industry leaders, Dana emphasized the importance of proactive financial communication, advising, “Be proactive and transparent with your bank and your investors, plan ahead, and don’t compromise on the things that make you, like the quality of your product and taking care of your key team members.” Dana’s words resonate deeply with our commitment at Far Niente Wine Estates: prioritizing quality and our people, no matter the economic landscape.

This year’s Wine Industry Financial Symposium in Napa addressed key financial, business, and strategic challenges in the Wine Industry. The main takeaway was to?Lean In—to your peers, your team, your mentors, your consultants, and your consumers. As the industry seeks insights to attract diverse demographics, leveraging consultants and expertise can help achieve strategic goals while celebrating successes. EPIC Insurance Brokers & Consultants Winery Practice is here to support you. Connect with our team to lean in together.

Honored to lead the "Strategies to Succeed: Thriving When You're Caught in the Middle" panel at the Wine Business Financial Symposium! I was joined by Rodrigo Maturana, President of Marketing at Bonterra Organic Estates, and Maeve Pesquera, Executive Vice President of Luxury at O'Neill Vintners & Distillers. Together, we dove into the unique challenges mid-sized wineries face and shared strategies for standing out in a fragmented market. From agile strategies to creative market targeting, it was an inspiring session filled with practical takeaways. Top Takeaways: 1.? Adopt a Nimble, Startup Mindset – Embrace flexibility to pivot with market trends. helping you stay responsive to emerging trends and shifts. 2.? Think Beyond the End Consumer – Engage every part of the sales journey, from internal teams and distributors to retailers, restaurateurs, and, ultimately, the end consumer. 3.??Target Secondary Markets – Cost-effective growth can be found outside saturated areas. A huge thank you to Wine Business Monthly and to all who attended! If your winery is looking for ways to sharpen your brand’s edge, let’s connect at Portfolio Innovations. We’re here to help you grow. #WineIndustry #PortfolioInnovations #WineBusinessMonthly #WineryGrowth #BeNimble #EntreprenurMindset #ConsumerCentric Maeve Pesquera Rodrigo Maturana https://lnkd.in/gg39Kqag

Shocker - the wine industry is not seeing comfortable year-over-year growth anymore. So... now what? This was a impactful visual representing the state of the wine industry at the Wine Industry Financial Symposium in Napa this week. The industry has reached a state of maturity, and as a result, is being tested in new ways. Shout out to Clarice Turner for sharing this slide and hosting a transparent conversation on financial and operational best practice with the brilliant Dana Vivier and Claire Hobday, MBA. The industry needs to adapt to thrive, something InnoVint has been preaching for years. Our category has new challenges and more competition, but also new consumers and exciting opportunities. Let's focus on the latter, lean into change, adopting data-driven approaches to drive growth efficiently and sustainably. Thank you to WineBusiness Monthly for hosting a though-provoking conference featuring innovators that are using data to inform their strategy, breaking the mold, and experimenting to achieve success.

Day 2 ?? Thank you to everyone who attended the Wine Industry Financial Symposium and to our incredible speakers for sharing their insights and expertise. See you next year! Allison Luvera Kristin Taylor Tom Steffanci #WIFS2024

That concludes the day 1 sessions of the 2024 Financial Symposium! Thank you everyone for joining us. Let’s go enjoy the wine reception ?? Tomorrow, check-in and breakfast start at 7:30 am, and the first keynote “Finding Success and Going Viral: How Deutsch Family Wine & Spirits Promotes Sales Growth” with Tom Steffanci kicks off at 8:30. See you then!

Emily Porter, Janet Llamas, Nigeria Cole, Alicia Cronbach delivered an insightful session featuring the annual Wine Business Institute survey results, and covered topics like technology investments, alternative revenue streams, debt management, pricing strategies, and acquisitions. Cronbach Law Group PC Sonoma State University Cliff Lede Vineyards #WIFS2024

Kaleigh Theriault, Director of Beverage Alcohol Thought Leadership at NielsenIQ, presenting the latest data in the bulk wine and grape market, distribution and depletions, and retail sales. #WIFS2024

Looking forward to attending the WineBusiness Monthly Financial Symposium today. Will you be there? #wine #finance #supplychain https://lnkd.in/gAGnPEQb