PEST
POLITICAL
ECONOMIC
Over the years, the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004, the Philippine economy grew by 6.1% surprising everyone. In 2005, the Philippine peso appreciated by 6%, the fastest in the Asian region for that year. At present, the administration is meeting its expected target growth and is continually looking positive for the future.
With its tropical climate, heavy rainfall, and naturally fertile soil, the Philippines is predominantly agricultural.
…show more content…
Today, wine is synonymous with culture and a convivial lifestyle around the world, complementing food, entertainment and the arts. Wine plays a major role in the economies of many nations, which produce more than 26 billion liters of wine annually. Modern winemakers supply a wide variety of wines year round independent of location and time of consumption. Fierce competition for market share has led to increased diversity and innovation within the wine industry, much to the benefit of the consumer.
A look at the early days of winemaking makes it obvious that while different techniques produced varied styles of wine, the basic principles changed very little. During the last 150 years or so, however, the scientific basis of winemaking has gradually become clearer, and many practices once thought impossible have now become routine.
The fundamental innovations in winemaking practices revolutionized the wine industry, and today the forces of market-pull and technology-push continue to challenge the tension between tradition and innovation. There will continue to be further improvements in winemaking by refining viticultural and oenological practices. These factors will remain important to the improvement of the overall quality and endless variety of wine. But today there is a new, and for the
The winery industry can be categorized into red and white wine segments. The red wine segment, measured by tonnage of varietals crushed, has grown at a compounded annual rate of 4.7% for 10 years from 1989 to 1998, and a year over year growth rate of 8.2% from 1998 to 1999. Judging by the strong growth rate experienced in the red wine segment, it is reasonable to conclude that the red wine segment is in the growth phase of the life cycle model. In addition, production of red wine varietals which are relatively unknown such as syrah and sangiovese nearly doubled in a year from 1998 to 1999. The white wine segment, however, is at the mature phase of its life cycle as the segment shrunk slightly by 0.42% from 1998 to 1999. Overall, the industry is still at the growth stage lead by growth in the red wine segment.
The structure of the wine industry is quite different around the world. The barrier to entry is relatively higher in the New World than in the Old World. Referring to the market data on the level of concentration in 1998, people can see a few players dominate the markets in Australia and the U.S. while the level of concentration is quite low in Europe. Therefore, the rivalry in Old World is intense there.
The premium wine segment is quite concentrated with high barriers to entry making mergers and acquisitions a strong and prevalent growth strategy. With industry analysts forecasting the demand for premium wine to grow at 8% to 10% per year, many former non-rivals are now becoming a threat. Jug wine producers are entering the premium market and beer and spirit producers
The dynamics of the global wine industry are better understood through a brief history of wine as well as an overview of the wine making process. Some countries have longer historical and cultural ties with wine then others and that can affect the quality and perception of the product in the eyes of the consumer. Also, the conditions in which the wine grapes are raised and the processes used to make the wine can create a superior wine and therefore a competitive advantage.
Wine has been a popular beverage for many years amongst different societies. The process of winemaking is one of the most complex and detailed processes, where every step is meticulous towards ensuring the best quality wine is produced. However, different phenomena are able to affect the wine even after it is bottled and stored.
Wine production involves two parts of economic activity – viticulture and wine making in the winery. In the global context, wine production is dynamic due to the influence of globalization, technological advancements and extensive research. These have essentially influenced the nature, spatial patterns and the ecological dimensions of the wine industry.
The buyer’s power within the wine industry varies between different places in the world. There are for example strategic differences between Europe and the “New World”. The “New World” includes countries like the US, Australia, Chile and South Africa. In Europe there is a big competition
The whole world of winemaking, and the first step to determine the taste and quality of a wine, stems from the grape and vine. With a deep root system and gnarled trunk, grape vines are a standout feature of any winery. These vines have three main categories of
Since Cork’d inception in February 2006, the company was designed for and by wine lovers. Time showed that this industry had such a demand that needed more dedication and that is when
In 2001 there were over 1 million wine producers worldwide, and no firm accounted for more than 1% of global retail sales. Because of this, it would be nearly impossible for the Robert Mondavi winery to dominate sales in any region. Due to Mondavi’s efforts, the winery became one of America’s most innovative,
The United States wine industry is a 12 billion dollar industry and is composed of 7,000 wineries and around 1,800 different companies. The three major companies within the industry are Constellation brands, E&J Gallo, and The Wine Group Inc. The industry has made its way through the economic crisis at a better rate than some of the other U.S industries however in order for them to continue to see any type of growth it is important that they acknowledge their issues and find ways in which they can rectify them. The majority of the issues among the industry are problems that cannot be directly controlled by individual wine companies. Therefore it is imperative that wineries find away to use these issues to their
This industry has seen very limited growth since 1986. Based on Exhibit 4 (C-271, the total wine consumption in the US) and Exhibit 5 (C-271, per capita wine consumption in the US) the wine industry is in the maturity stage. It could
Making wine is nothing else but a touch of passion, love and few drops of magic. From the first view, wine industry seems very artistic and secret at the same time. There is no doubt that hearing that Robert Mondavi Corporation is going to layoff 4% of its workforce ring the bell to the investors, at the same type the stock price dropping down dramatically makes an impression that the company is going through difficult period as the senior management is upon completing the reconfiguring future strategy. The big decision is whether to get back to original vision, and focus on the domestic market, which bring a 90% of revenues or continue diversification and keep on pursuing the vision of
In the most recent years, domestic sales of wine has declined constantly. The wine consumption is becoming more occasional. This is partially due to an aggressive anti-alcohol campaign and driving restrictions set by the local government, but also facilitated by a lack of marketing strategy: the wine market is loosing touch with the youth (the average age of wine drinker is gone up from 35 to 55) and young people are getting more keen to beer or alcohol pops.
New Zealand has always been known for its untouched beauty, landscapes and its extremely good quality grape varieties and wines. the Weather conditions in this part of the world is best suited for growing excellent quality vines. this study will be showcasing the history of New Zealand wine, Where it originated from and when did it make its mark in the best quality wines of the world. With grape varieties like sauvignon blanc, pinot gris, chardonnay, pinot noir and Riesling etc, this study will be discussing on the most important grape varieties grown in this region and the specialities of these kind of vine varieties. The study will also be throwing light on the different wine growing regions of Marlborough, Hawke 's bay, Central Otago, Wairarapa, etc which contribute to extensively in producing best quality wines of the New Zealand. Although New Zealand is considered to be one of the best regions of the New world wine making, it faces a huge amount of competition from European and Middle-Eastern countries which are considered to be the old world wine makers or where wine making actually originated (Wiine 101:The guide to Old World wine Vs The New World Wine) and also from other countries which are posing a great threat to the wine making industry. The following study will also discussing about the sustainability and the future of wine making industry of New Zealand which is growing in a steady pace and making its mark in the best wine regions of the world.