SA wine producers to feel the heat

Thursday, 8 August, 2013
The global wine industry is worth $230bn a year and the potential yields for the South African industry have never been as great, nor the pitfalls as plenty, according to Linda Buckley, director of executive education at UCT’s Graduate School of Business (GSB).
Those in the wine industry will, therefore, need special management skills to survive tough economic times.

Reseach shows investors in the wine industry should be aware of two developing trends that could have a drastic impact on the future of wine.

The first is the emergence of China and India  as new important economies and their developing tastes for wine, according to the 2012 Global AgriVestment report.

In China the consumption of wine rose 65% between 2005 and 2008 and quadrupled between 1990 and 2013.

These opportunities will be tempered by the potential impact of global climate change, which will affect both the quality and viability of existing vineyards.

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