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Page 1: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight
Page 2: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Secrets of the World’s Most Respected Wine Regions

Mike Veseth

The Wine Economist & University of Puget

Sound

Insight 2015 Conference

March 3, 2015

Page 3: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The Wine EconomistWineEconomist.com

The Wine Economist

Page 4: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

All Over the (Global Wine) Map

The Wine Economist

Page 5: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The Curse of the Blue Nun

The Miracle of Two Buck Chuck and

The Revenge of the Terroirists

The Wine Economist

Page 6: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The First Global Wine Brand?

The Wine Economist

Page 7: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Nasty Habits

The Wine Economist

Page 8: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

An Embarrassment of Riches

The Wine Economist

Page 9: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The Miracle of Two Buck Chuck

The Wine Economist

Page 10: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Revenge of the Terroirists

Page 11: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

My Grape Expectations

The Curse of the Blue Nun

The Miracle of Two Buck Chuck

The Revenge of the Terroirists

The Wine Economist

Page 12: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The Challenge: Respect

The Wine Economist

Page 13: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Lessons for Ontario Wine?

The Wine Economist

Page 14: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The Road Ahead

The Wine Economist

Secrets of the Top World’s Top 5 Most Respected Wine

Regions

Catch a Rising Star Case Study

Learning the Right (Not the Wrong) Lessons

Page 15: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

#5 Napa Valley

The Wine Economist

Page 16: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Brand Napa Valley

The Wine Economist

The Birth of the Brand: Inglenook

You are your Brand:Mondavi

Convincing Sceptics:Good Housekeeping Seal of

Approval

Page 17: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

#4 Tuscany

The Wine Economist

Page 18: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Under the Tuscan Sun

The Wine Economist

It’s not [just] about the wine

Wine + FoodWine + Culture

Wine + StyleWine + Tourism

Wine + Romance

Italy Envy in Oz

Page 19: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

#3 Burgundy

The Wine Economist

Page 20: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

The Triumph of Terroir

The Wine Economist

Terroir = Mystical + Obvious

Signature Variety versus Taste of Place

50 Shades of Grape

Wine as a Religious Experience?

Page 21: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

#2 Bordeaux

The Wine Economist

Page 22: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Everyone Loves a Winner

The Wine Economist

1855 and All That

The Power of Lists

Is Parker Passé?

Page 23: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

#1 Champagne

The Wine Economist

Page 24: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Image Isn’t Everything, but …

The Wine Economist

LVMH: Luxury Lifestyle BrandsThe power of celebrity

It’s not about how the wine tastes!

Page 25: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Portugal Revisited

The Wine Economist

Page 26: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Rising Star Walla Walla

Page 27: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Creating a Critical Mass

The Wine Economist

Four Elements of Success

Land, People, Culture, History

Porter’s Diamond

The Fifth Element?

Page 28: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Lessons for Ontario Wine?

The Wine Economist

There’s no silver bullet?#5 You are your brand, but

#4 It’s not just wine and#3 It’s not just dirt or variety

#2 Everyone loves a winner, but#1 Image isn’t everything

Critical mass paradoxIs Ontario a special case?

You don’t get respect … you earn it

Page 29: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight

Secrets of the World’s Most Respected Wine Regions

Mike Veseth

The Wine Economist & University of Puget

Sound

Insight 2015 Conference

March 3, 2015

Page 30: Secrets of the World’s Most Respected Wine Regions 2015...Secrets of the World’s Most Respected Wine Regions Mike Veseth The Wine Economist & University of Puget Sound Insight