Wine Report 2010 reveals supplier confidence

08 July, 2010

Wine suppliers are forecasting better times ahead in OLN’s annual Wine Report poll.

The survey of 50-plus wine suppliers, ranging from the big players to small agencies, showed 83% were confident sales would increase over the coming year.

Only 4% anticipated sales would decrease over the same period.

The long-term expectations of suppliers were even more optimistic. Over the next five to 10 years, 96% were confident their sales would grow.

The survey also found that 27% of respondents had bucked the trend in the economic downturn by taking on new staff last year. A further 20% said they were planning to expand workforces – almost double that of last year’s report.

In 2009, 2% of respondents said they expected to lay off staff in the coming year, compared with none this year.

Fourteen per cent made redundancies compared with 21% last year.

OLN’s Wine Report 2010 also unveils the top 50 wine brands in the off-trade, using exclusive Nielsen data. Click here for full report.




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COMMENT

Reasons to be cheerful

I would like to think my outlook on things is generally optimistic. Perhaps that’s a natural consequence of working with something designed to give pleasure. But recently it has become increasingly difficult to ignore a creeping sense of negativity pervading the British wine trade.

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