Back in 2004 I started up WineTalent after years of dreaming about it. I had always enjoyed working with winery professionals. I also believe that great talent is needed to continue to push the industry forward.
One of my first WineTalent meetings was with an industry veteran. He asked me why I was focusing solely on the wine industry, and didn't I think there wasn't much future in the industry. I started sweating bullets. What? I was thinking it was a growing industry. I wanted to focus on the wine industry because I believe a focused approach in business is the best. I also thought there was enough business to sustain a recruiting company for the unforseeable future. I stuck to my guns and expressed those thoughts to him. Luckily, he was only playing devil's advocate, and agreed that the industry was seeing a lot of growth, that there were a lot of changes coming to the industry, and that dedicated, personalized service is a very good approach in the wine industry.
Fast forward to 2009. The US and world economy is reeling from the meltdown of 2008. Wine companies are feeling the squeeze from people not eating out as often, and from people trading down to lower priced wine. But the bright spot is that wine consumption is up. For decades the US consumed more beer than other alcoholic beverages, and only about three years ago did wine consumption eclipse that of other alcoholic beverages. Wine has also been embraced by the millenial generation--those coming of adulthood in 2000 or later. The Millenials are a large generation, second to the baby boomers I believe. Much of the snobbery of wine is being replaced by enjoyment of wine with family and friends in a social atmosphere. This is all good news for wineries, wine employees, and related services, such as me.
With the rising tide of lay-offs I am getting more calls than ever from people hoping to make the move from another industy into wine. Are they just looking to do it because they are drinking more wine--hopefully not. I do believe that most of these people enjoy learning about and drinking wine, and would like to combine that interest with a career in an expanding industry.
I counsel people regularly about switching industries. While many positions require previous wine and spirits experience, there are several positions that can easily allow a career transition. Another point that I mention to people is that many of the people in the wine industry have themselves made a career path move to get into the wine industry. These career-switchers are somewhat more open to looking at people with diverse job experience, and will take the time to discuss possible areas of employment. It isn't that far off that a highly successful person has decided to take some of her earnings and start up a winery. This leap is celebrated often--and can be duplicated on a smaller scale in lots of winery jobs.
So, I do see that there are many areas of growth in the wine industry, and that it is a business with some transition possibilities. It is never a snap to make a industry change, but it is better to look to go into a growing industry than a stagnant or shrinking one.
Showing posts with label forecasts. Show all posts
Showing posts with label forecasts. Show all posts
Wednesday, May 13, 2009
Wednesday, June 25, 2008
Waterslides and WineTalent
Yesterday I was off the job, handling kid duty at the local water park. Every year for the last four years my kids have been on the local recreational swim team, and there is an annual trip to the waterslides. It is always a blast, and a great time to spend with the kids, other swimmers and their families. But it is also a great indicator of the state of business for WineTalent.
My first year of going to the waterpark was also the fledgling year for WineTalent. I was working on several harvest placements for wineries, and learning the ropes of having my own company. That year I remember having to negotiate a deal in the parking lot of the waterslide--and that person started two weeks later and worked a winery harvest.
It is suprising how productive my waterpark day can be. I've made new client contracts while working remotely (which in this case means at a far corner of the waterpark where the kid noise is less), set up interviews, and conducted references for potential candidates.
Yesterday I was thinking about this early in the morning, and wanted to find out what the day had in store for WineTalent. I was pleasantly surprised to have a very robust day of business. People were interviewing, several references were following up with me, and a few new clients were finalizing details.
So while I did take a day off work, work didn't cease. And it was a great opportunity to survey my business. I wonder where I'll be with WineTalent next year--can't wait to get on that waterslide and find out.
My first year of going to the waterpark was also the fledgling year for WineTalent. I was working on several harvest placements for wineries, and learning the ropes of having my own company. That year I remember having to negotiate a deal in the parking lot of the waterslide--and that person started two weeks later and worked a winery harvest.
It is suprising how productive my waterpark day can be. I've made new client contracts while working remotely (which in this case means at a far corner of the waterpark where the kid noise is less), set up interviews, and conducted references for potential candidates.
Yesterday I was thinking about this early in the morning, and wanted to find out what the day had in store for WineTalent. I was pleasantly surprised to have a very robust day of business. People were interviewing, several references were following up with me, and a few new clients were finalizing details.
So while I did take a day off work, work didn't cease. And it was a great opportunity to survey my business. I wonder where I'll be with WineTalent next year--can't wait to get on that waterslide and find out.
Friday, February 1, 2008
Unified Wine and Grape Symposium: Follow-up
The whirlwind of the Unified Wine and Grape Symposium is over now, and I'm catching up with lots of new contacts and old friends. The State of the Industry meeting was informative. As I mentioned, the economic downturn was reflected in forecasts for 2008. The wine industry has been expanding in the last several years, and things have been very positive for wineries. Sales have increased, price points have risen, new wineries have been opening up, and corporations have continued with their acquisitions.
One of the telling indicators was the data from restaurant sales. One of the best performers in restaurant sales has been Cabernet Sauvignon, often at high price points. The presenter mentioned that one of the reasons is that these wines are bought often by bankers and other executives during business meals on their expense accounts. As the economy, and specifically banking, is hit, those dinners will be curtailed by both the individual and the companies footing the expense check. There was caution expressed about sales going forward--so the wine industry is understanding that consumers may have less money to spend on special occassions, higher prices luxury items and related purchases. But consumers are buying wine in the US like never before, and younger people, namely the "millenials" are buying lots of wine.
Trends in wine drinking are reflecting the health benefit findings from 2007 of compounds in red wine. Red Wine consumptions has continued to increase. Wine drinkers are also becoming more willing to try new varietals, with lighter red wines seeing more sales, as well as different varietals including Pinot Gris and Pinot Grigio seeing big increases in restaurant purchases.
Pinot Noir is still the biggest winner in the varietal category. Merlot and blush wines are still the ugly stepchildren of the wine world. Surprisingly, as long as you are a Rose wine and not a blush wine, things look rosy for you. So those of use who like a good pink wine can drink it knowing it's still cool!
The falling dollar has also had an effect on wine sales of imports. Spain and Italy have done very well marketing to US consumers, reflected in their increased sales figures.
Although everyone is screaming recession in the popular media, indicators show continued consumer spending in wine. So smart wineries should be able to take the Unified data and make educated decisions to continue strong wine sales.
One of the telling indicators was the data from restaurant sales. One of the best performers in restaurant sales has been Cabernet Sauvignon, often at high price points. The presenter mentioned that one of the reasons is that these wines are bought often by bankers and other executives during business meals on their expense accounts. As the economy, and specifically banking, is hit, those dinners will be curtailed by both the individual and the companies footing the expense check. There was caution expressed about sales going forward--so the wine industry is understanding that consumers may have less money to spend on special occassions, higher prices luxury items and related purchases. But consumers are buying wine in the US like never before, and younger people, namely the "millenials" are buying lots of wine.
Trends in wine drinking are reflecting the health benefit findings from 2007 of compounds in red wine. Red Wine consumptions has continued to increase. Wine drinkers are also becoming more willing to try new varietals, with lighter red wines seeing more sales, as well as different varietals including Pinot Gris and Pinot Grigio seeing big increases in restaurant purchases.
Pinot Noir is still the biggest winner in the varietal category. Merlot and blush wines are still the ugly stepchildren of the wine world. Surprisingly, as long as you are a Rose wine and not a blush wine, things look rosy for you. So those of use who like a good pink wine can drink it knowing it's still cool!
The falling dollar has also had an effect on wine sales of imports. Spain and Italy have done very well marketing to US consumers, reflected in their increased sales figures.
Although everyone is screaming recession in the popular media, indicators show continued consumer spending in wine. So smart wineries should be able to take the Unified data and make educated decisions to continue strong wine sales.
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