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                                     s
                                     si
                                    ri
                                  e
                                   c
                                        a
                                        a
                                         s
        have been less impacted by the crisis, as s
                                      s,
                                      s,
                                  e
                                  e
                                      ss
                                      ss
                                    le
                                    le
                                   n
                                   n
        the spirit industry has also been less
                                  na
                                    c,
        impacted, and particularly Cognac,   ,
        where we are well represented.
          Regarding wineries, we also  o o
        have many different situations:  s:
                                  on-
        our customers mainly using on-
                                  een
        -trade distribution have been
                                  nes
        more impacted than the ones
                                  en-
        who were more off-trade orien-
                                  lly
        tated. Fines wines and especially
        “Grands Crus Classés“ are spared
                                  ed
        more...  The “ Bordeaux Primeurs“
                                  urs“
        went well.
                                   fr
          But the situation also differs from
                                     m
                                    o
        one country to another. As an exam--
                                   ex
                                     am
                                  y
                                    positiv
        ple in Brazil, we have seen a very positive
                                         e
                                  n
                                    d
        trend in local wine consumption, driven by
                                   ,
                                          by
                                     riv
                                       en
        an overall increase of wine consumption in the
                                      tion in the
                                  u
                                     p
                                   m
        country.
          As far as the USA are concerned, the situa-
                                  ned, the situa-
        tion is also really different, not only because
                                  t only because
        of the COVID but also as a consequence of
                                  nsequence of
        the Californian fires: many wineries are
                                  neries are
                                   harvest
        strongly impacted in terms of harvest
                                  “smo-
        of course, but also due to the “smo-
                                  apes.
        ke taint“ for the remaining grapes.
        Many American cellars contain
                                  ain
        empty barrels....
          I have previously mentioned  d d
        some of the new products that  t
        have been developped in the  e
        past few months, as many an- -
        swers to our customers’ requirements.  They   Thus, our sales figures show today that ligh-
        actually ask for more specific and precise tools  ter and open toastings are increasingly pre-
        but their requests also follow a global final  sent in our range. To accompany this move,
        consumer‘s taste change that we are all aware  we developed a specific toasting method

        of: the switch to the expectation of a less  combining water and fire, called “AQUAFLEX“.
        woody wine, a better respect of the fruit and  In fact, customers no more look for toasting
        of the terroir.                          aromas, but aim to enhance their terroir. In
          As a consequence, we have adapted our   order to match as many varieties and terroirs
        offer to this massive, worldwide trend and  worldwide, our range encompasses more than
        what we call internally: “the wood without   11 qualified toasts for our customers.
        the wood“. i.e making sure that wine bene-  But this trend is also seen in the size of
        fits from the positive impact of oak wood,  barrels. We can observe that, in some regions,
        but does not taste like wood...          this trend of “wood without wood“ increases
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