Join us for this FREE Virtual Conference on February 8th, 2023
What will 2023 bring to the Wine Industry?
On February 8, Wine Industry Network will broadcast Bold Predictions 2023, presented by Heffernan Insurance Brokers, its annual wine industry leadership conference. The conference will feature industry experts who will share their insights and predictions on emerging trends, challenges, and opportunities wineries can expect to face in the year ahead, along with advice on how to best overcome the challenges while taking full advantage of the opportunities.
This year’s program will include an executive-level roundtable discussion focused on different aspects of the industry, an overview and forecast of the domestic and international grape and bulk wine market, and a guide to understanding all of the government tax credits and incentives still available that your wine business is eligible for.
Session 1: Four Takes on TwentyThree
Date & Time: Wednesday, February 8th – 9:00 AM (PT)
In this session, four insightful industry leaders with different vantage points will join in a conversation about what they believe will be the defining challenges and opportunities of 2023 for the wine industry. Each panelist will bring one prediction or important trend observation to the conversation that they think will be essential for wineries to tackle for success in 2023.
Session 2: Forecasting the State of the Bulk Wine & Grape Market
Date & Time: Wednesday, February 8th – 10:00 AM (PT)
With so many variables to consider, not to mention the unpredictability of any growing season, accurately predicting what the future state of the bulk wine and grape market is challenging to say the least. However, there are indicators that can help, both on the national and international front. This session’s presenters will look at the current state of the market, internationally and domestically, and will share their thoughts on what they believe we can expect as 2023 unfolds.
Session 3: Maximizing Tax Benefits
Date & Time: Wednesday, February 8th – 11:00 AM (PT)
Is your business capturing all the benefits it can? There are several programs from a federal, state, and local level your company may be missing out on! The two tax credit programs we will be discussing are the Research & Development (R&D) tax credit and the Employee Retention Tax Credit (ERC or ERTC). R&D is an innovative and permanent tax credit that provides tax relief for businesses that are supporting jobs that drive innovations within a competitive market in their industry. While ERC is a complex refundable payroll tax credit that must be prepared properly to maximize refunds legally. There are many ways the wine and vineyard industry can capitalize on this. Learn more about best practices for each of these credits, legal updates, what to look out for in 2023, and much more!
2023 Bold Predictions: Wine Industry Leadership Series Sponsors:
Previous Bold Predictions Leadership Sessions: 2020 – 2022
Below are a collection of Bold Prediction Leadership sessions from years past.
Economic Forecast – What to Expect in 2022
Challenges from inflation, the supply chain, staffing and labor issues were all felt in 2021 and are issues the industry will continue to deal with in 2022. This session will take a look at the health of the overall economy, as well as provide insight into how current economic factors are specifically influencing the wine industry with advice on how to navigate these challenges safely and securely.
MODERATOR – George Christie, President & CEO / Wine Industry Network
Robert Eyler, Dean of the School of Extended and International Education / Sonoma State University
Mike Veseth, Editor / The Wine Economist
Talent Retention – Keeping A Strong Team Intact
Recruiting, managing, and retaining key talent is an ongoing concern, regardless of the size of the winery—and those concerns have evolved over the past 18 months. This session, featuring HR experts, will tackle questions on policies around working remotely, measuring productivity, vaccine requirements, the impact on salary negotiations, and more.
MODERATOR – Stacy Briscoe, Managing Editor / Wine Industry Network
Karen Alary, Managing Partner / The Personnel Perspective
Sandra Hess, Founder / DTC Wine Workshops
Joel A. Miller, Owner & Principal / ChateauHR Consulting
Successfully Transitioning Your Winery to New Leadership
This session is focused on advising winery owners/principals on how best to position their winery for its next leader. Whether looking for a smooth and cost-effective way to transition to the next generation or preparing maximize the financial opportunity with a sale, our panel of experts will offer their experience and expertise on helping you to achieve your goals.
MODERATOR – Kim Badenfort, Director of Marketing Services / Wine Industry Network
Greg Brewer, Founder & Winemaker / Brewer-Clifton
Peter Mondavi Jr, Co-Proprietor / Charles Krug Winery
Mario Zepponi, Principal / Zepponi & Company
A 2021 Economic Overview; What’s in Store for the Next 12 Months
The 2020 impact on the economy is an unprecedented one, beginning with the COVID-19 outbreak on an international level, followed by two major fire events locally, creating an environment that many businesses will not recover from. What are the lingering effects of these events? What does recovery look like and when will the local economy begin to resemble what we were experiencing prior to this year? How have different counties in the North Coast responded and what do the indicators tell us about the future?
This session, presented by Robert Eyler Ph.D., Professor of Economics and Dean, School of Extended and International Education at Sonoma State University, will look back on the year, beginning with a broad overview at a national level, then drilling down to take a closer look at the local economy, providing insights into travel, tourism, consumer trends and what 2021 could look like.
Robert Eyler Ph.D., Professor of Economics and Dean / School of Extended and International Education at Sonoma State University
State of the North Coast Grape & Bulk Wine Market 2021
The North Coast grape and bulk wine market has been a tumultuous one this year, to say the least. Beginning with the pandemic impact on consumer purchasing behavior, coupled with major fire events in the middle of harvest, resulting in an environment of uncertainty and unpredictability.
Ultimately, how did the harvest wind up for the North Coast? How have other grape-growing regions around the state been affected? What are the consumer indicators telling us and how will that affect the demand for North Coast grapes? What is the status of the bulk wine market? How have prices been impacted? What might 2021 look like for the grape and bulk wine market?
These questions and more will be addressed by presenters, Brian Clements, Vice President, and Bryan Foster, National Sales Manager of Strategic Brands, both of Turrentine Brokerage, in this interactive session.
Bryan Foster, National Sales Manager of Strategic Brands / Turrentine Brokerage
Brian Clements, Vice President / Turrentine Brokerage
The COVID Impact on Consumer Purchasing Behavior; What to Expect in 2021
2020 began as anticipated from a wine consumer perspective, but the outbreak of COVID-19 had an unprecedented impact on the way wine was being purchased as well as where those purchases were taking place.
How have sales evolved over the last year with regard to price point and channel? What changes are we seeing in purchasing attitudes and behavior? Has the pandemic driven more attention to the health benefits of wine versus other alcoholic beverages? With the anticipation of a vaccine on the horizon, what are the indicators telling us about wine sales and consumer buying trends for the upcoming year? What changes in behavior are not related to the pandemic, but a continuation of underlying trends in wine consumption?
This session, presented by Dale Stratton, SipSource Analyst, and Christian Miller, Research Director, Wine Market Council, will highlight 2020 purchasing trends and the effect on sales channels over the last year and what we can expect as we head into a new year.
Dale Stratton, Analyst / SipSource
Christian Miller, Research Director, Wine Market Council
2020-2022 Bold Predictions: Wine Industry Leadership
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