Results from the 2014 Wine Business Monthly Equipment Survey Report indicate that winery confidence continues to strengthen. More wineries are planning on purchasing new equipment, even more than in 2007 when equipment purchases in the wine industry peaked. Sources say there is an ocean of lending credit available, raw material prices are in check and wine sales continue to grow. All in all things are looking very good.
We will discuss in more detail the results of this year’s survey and how wineries are looking to increase production. We will also review how more wineries are finally embracing technology, like cross-flow filtration and steam sterilization. First, however, we will start by looking at predictions from manufacturers and the banking community.