FIVE LAWS IMPACTING THE DRINKS WORLD IN 2021

Five Laws Impacting the Drinks World in 2021

http://www.spiritedbiz.com/five-laws-impacting-the-drinks-world-in-2021/

#wine #winenews #cocktails #wineeducation #hospitality #beer #Spirits #wineproduction #industrynews #cannabisdrinks #winelovers #wineeconomics #winebusiness #businessofwine #wineexporting  #winewinewine

Help Us Give Back This Holiday Season with Les Dames d’Escoffier Ontario 2020 “Festive Gift Basket” Fundraiser-Auction

Les Dames d’Escoffier Ontario 2020 “Festive Gift Basket” Fundraiser-Auction  @ 32 Auctions

We have 23 “Holiday Gift Baskets” to be auctioned off !!

Auction dates:
December 3, 2020 at 09:00 AM EST to December 12, 2020 at 05:00 PM

Auction Link https://www.32auctions.com/LesDamesON

Items have been donated by members, partners, and Women in Wine Talks participants.

Donors

http://www.tenutasanguido.com/

www.antinori.it

www.chateau-lalagune.com

https://www.warwickwine.com/

https://www.cactusclubcafe.com/

https://www.frenchporium.com/

https://www.linkedin.com/company/womeninwinetalks/

https://www.liz-palmer.com/

Donna Lee-Rosen

Jenny Ratcliffe Wright

Heather Zordel

Shari Mogk Edwards

Doris Miculan Bradley

Anonymous

Les Dames d’Escoffier Ontario is a not-for-profit corporation and an affiliate chapter of Les Dames d’Escoffier International.

We are part of a philanthropic organization of women leaders in the multifaceted fields of gastronomy, fine beverage and hospitality. Our by-invitation membership is composed of over 2,400 members in 43 chapters including: United States, Canada, the United Kingdom, France and Mexico.  We create a supportive culture in our communities by sharing knowledge, supporting members, and providing leadership, educational opportunities and philanthropic events for the community-at-large.

 About Our Auction

All proceeds raised at our Les Dames d’Escoffier Ontario 2020 “Festive Gift Basket” Fundraiser-Auction will fund 2020/2021 educational scholarships, bursaries and assist in operations.

Thank you for your support – It’s time for Holiday shopping!

Auction Link https://www.32auctions.com/LesDamesON

#wine #winelover #fundraiser #womeninfood #fundraising #giftbaskets #Toronto #Torontoevent #onlineevent #auction #womenwhoauction #donate #nonprofit #community #giveback #philanthropy #instagood #socialgood #nonprofitorganization #luxurygiftbaskets #giftideas #holidaygift #christmasgift #onlineauction #corporategifts #givingtuesday #Torontolife

 

Why has confidence in fine wine increased in 2020?

Despite the headwinds of 2020 – tariffs, Brexit uncertainty and the global pandemic – the wine market has remained robust. Today’s post examines what has changed and offers an explanation as to why we are seeing greater confidence in the market during these exceptional times.

Increased liquidity

One of the key changes this year is an increase in market liquidity, which is reflected in the rising value of bids and offers on the Liv-ex marketplace. The total exposure (total value of bids and offers) reached a new record high of £81 million last week – a £30 million increase this time last year.

In recent months, both bids and offers have been on the rise. The bid to offer ratio (i.e. the total value of bids divided by the total value of offers) currently stands at 0.6. Traditionally, a bid-offer ratio of 0.5 or higher suggests positive sentiment.

A broadening market

Another noticeable difference is that more wines than ever are attracting buying interest, taking market share from the traditional strongholds of Bordeaux and Burgundy. As the chart below shows, the wine market has undergone considerable broadening in the past decade. Bordeaux’s share has halved from its peak in 2010 when it accounted for 95.7% of secondary market trade by value. As its share declined, others shined. Burgundy was the first and main benefactor; its trade share rising from 0.6% in 2010, to a record high of 19.7% in 2019. It has dipped slightly this year to 17.4%.

This year, Italy has been the big winner. Having reached an annual average of 8.8% in 2019, Italy now accounts for 15.3% of fine wine trade. As recently highlighted, the US wine market is also developing at unprecedented rate. USA accounted for just 0.1% of trade in 2010. Year-to-date, it stands at 7%.

And then, there is the Rest of the World – an increasingly diverse category. Up from 0.8% in 2010 to 5.9% in 2020, RoW trade so far in 2020 has been led by trade for Australia (1.8%), Spain (1.4%) and Germany (1%), though wines from Argentina, Austria, Chile, and Portugal to name but a few are seeing more and more activity.

What has changed?

So, why are we seeing such increased confidence in the wine market? One well-documented explanation is that investors are seeking to put their money into safer assets in these uncertain times. Historically, fine wine has offered steady returns and low volatility.  Another explanation is that there are simply more market participants than ever before. The number of wine businesses trading on Liv-ex has increased 15% in 2020 alone. This increase in members reflects a growing trend since the Covid-19 pandemic took hold – businesses are looking for web-based solutions to grow their sales.

One such solution is trading automation. Trading automation makes it easier for merchants to list stock for sale, exposing their diverse inventory to an ever-growing marketplace. Regions that once struggled to find a secondary market have been benefitting from the shift to online sales, particularly as lockdowns have closed much of the physical retail. Through APIs, stockholders have been able to list and advertise various wines to a far greater audience, as merchants have connected their customers to this ever-broadening market. Subsequently, wine merchants and private collectors have been able to find less well-known wines from a greater range of wine regions.

Despite an early swoon as the first lockdown took place, the fine wine market would seem to be in a relatively healthy place today. As a tangible, finite asset, it offers stability in a volatile world. It also of course offers a great deal of pleasure for imbibers who are locked down and deprived of their usual wining and dining! And importantly technology, as in so many sectors, has helped merchants from across the globe, to adapt, making wine more accessible and more exciting to all with an interest in it. Combined, these three things have put the wine market on a firm footing in 2020.

Source: Liv-ex

 

 

2020 Cognac Trend Predictions

Cognac continues to evolve globally given the interest in craft cocktails, particularly in pre-prohibition cocktails. With the United States being the first cognac market (102.4 million cognac bottles imported in 2019) it has diversified the many ways cognac can be consumed, from sipping it neat to using it as the base for trendy and originating cocktails. A recent study by Beverage Dynamics points to millennials spending up for premium spirits and cocktails. In the past 12 months, spirits priced $25 and up have increased in sales by 13.2%.

With millennials favoring the full imbibing experience—with an emphasis on ingredients — bartenders and stirrers are shifting with the trends.

COGNAC EDUCATORS FROM AROUND THE COUNTRY SHARED TRENDS THEY CURRENTLY SEE AND PREDICT FOR 2020

LESS DRINKING, HIGHER QUALITY

Dan Nicolaescu, Beverage Director of Brandy Library and Copper and Oak (New York, NY)

It is my experience that, generally speaking, people are drinking less but of higher quality. I see interest in trying cognac growing steadily, especially towards neat pours. It seems that preferences steer toward cognacs with a lighter wood influence but fairly well developed, in the 10-25 years range.

As far as cocktails go, I can envision bartenders focusing on quality by using small quantities of high-quality old cognac as an accent in a drink. It can provide unique flavors to the final product and is also more financially sensible.

MODERN MIXOLOGY SIMPLIFIED

Miguel F. Lancha, ThinkGoodGroup Cocktail Director (Washington, DC)

One trend that I have seen working with cognac is younger bartenders are showing an interest in wanting to learn about it, whether it’s at a bar training session or an industry seminar.

The interest in classic cocktails has been around for a while now, but many bartenders are going back to being more flexible and creative with cocktails. I see an opportunity for guests to be more exposed to cognac by trying drinks that combine it with cool techniques. Bartenders are continuing to modify the textures and structures of drink components by clarifying, carbonating, making a slushy, etc. They’re doing it in a way that’s not in your face or over the top, which is intriguing guests and exposing them up to Cognac in cocktails.

PRESENTATION WITH LEVITY

Kellie Thorn, Hugh Acheson Restaurants Beverage Director (Atlanta, GA)

While we are still having a hard time getting guests to order cognac on its own the way they do whiskey, we are seeing a lot of cognac cocktails sell.

I think that the key to reaching a younger audience is presenting the spirit and category with some levity. I obviously love the heritage and tradition behind these spirits, but we should approach it with a little irreverence.

Split your pour of cognac neat with some amaro, think of more tropical applications, add it to your spritz build, and in general make cognac feel like something that doesn’t have to have a lot of pomp and circumstance around it to enjoy it.

LOWER-ABV COCKTAILS

Joseph Erhmann of Elixir, Elixir to Go and Cocktail Ambassadors (San Francisco, CA)

There is an opportunity for cognac to take advantage of its great flavor intensity by mixing shorter pours (.5-1 ounce) with light mixers, like the multitude of uniquely flavored tonics to make low- ABV drinks. I particularly like a VSOP with Fever-Tree Aromatic Tonic and expressed lemon oil or a young, fruity VS with a dry grapefruit soda like Q Grapefruit.

https://www.cognac.fr/

 

 

2020 Calendar Dates for Wine and Spirits Days

To help you plan for 2020, I created a list that you can bookmark. The list, which isn’t exhaustive, is comprised of important national or global wine and spirit days (dates may be subject to change). In any event, this is a great starting point to assist you in planning fun and engaging posts on Facebook, Instagram, Twitter, and other social platforms. Let me know if I missed any.

January

January 17, 2020  – National Hot Buttered Rum Day (USA)

February

February 18, 2020 – Global Drink Wine Day

February 22, 2020 – National Margarita Day(USA)

February 29, 2020 – Open That Bottle Night

March

March 3, 2020 – Mulled Wine Day

March 3, 2020 – Irish Whiskey Day

March 3, 2020 – National Moscow Mule Day (USA)

March 5, 2020 – Absinthe Day

April

April 17, 2020 – Malbec World Day

May

May 1 – 31, 2020  – Oregon Wine Month

May 1, 2020 – International Sauvignon Blanc Day

May 9, 2020 – World Moscato Day

May 16, 2020  – World Whisky Day

May 21, 2020 – International Chardonnay Day

May 25, 2020 – National Wine Day (USA)

May 30, 2020 – National Mint Julep Day (USA)

June

June 2020  – Negroni Week (UK TBD)

June 4, 2020  – Cognac Day

June 13, 2020 – World Gin Day

June 19, 2020  – National Martini Day

June 21, 2020 – Lambrusco Day

June 26, 2020 – International Rosé Day

June 2020  – National Prosecco Week (USA TBD)

July

July 2, 2020  – National Anisette Day (USA)

July 10, 2020 – National Piña Colada Day (USA)

July 11, 2020 – National Mojito Day (USA)

July 19, 2020 – National Daiquiri Day (USA)

July 24, 2020 – National Tequila Day (USA)

July 27, 2020 – National Scotch Day (USA)

August

August 1-5, 2020 – International Albariño Days

August 4, 2020 – National White Wine Day (USA)

August 13, 2020  – National Prosecco Day 9USA)

August 18, 2020 – International Pinot Noir Day

August 28, 2020  – National Red Wine Day (USA)

September

September 3, 2020 – International Cabernet Sauvignon Day

September 18, 2020 – International Grenache Day

October

October 4, 2020  – National Vodka Day (USA)

October 10, 2020 – International Pinotage Day

October 16, 2020 – Global Champagne Day

November

November 1, 2020 – International Xinomavro Day

November 7, 2020 – International Merlot Day

November 9, 2020 – International Tempranillo Day

November 18, 2020 – National Zinfandel Day

November 19, 2020 – Beaujolais Nouveau Day

November 24, 2020 – Carménère Day

December

December 4, 2020 – Cabernet Franc Day

December 20, 2020 – Sangria Day

Liz Palmer