201 Alameda Del Prado, #101, Novato, CA, United States of America, 94949
Feeds
Ciatti Global Market Report, January 2023
As a new year begins, we at Ciatti wish all of our friends, clients and business associates a very happy and prosperous 12 months ahead. Many thanks for your continued support.
A new word was officially added to the UK’s Collins Dictionary in 2022: “Permacrisis”. Its definition is as follows: “An extended period of instability and insecurity, especially one resulting from a series of catastrophic events.” Although the word’s salience in British English at least partly reflects UK-specific woes (including, in 2022, three prime ministers in three months), “instability” continues to characterise a world still suffering the economic consequences of the COVID-19 pandemic and, since February, the Russia-Ukraine conflict.
The release of pent-up demand in the second half of 2021 into 2022 as the world reopened – China, the last holdout, doing so last month – ostensibly led to a return to normal for business, but normality was quickly offset by supply chain problems and overtaken by inflation that peaked in the US at 9.1% in June and 10.6% in the Eurozone in October. Because of inflation – exacerbated in Europe by the Russia-Ukraine conflict’s impact on energy resources and prices – and interest rate levels, the World Bank revised down its forecast for global economic growth in 2023 from 3% to 1.7%. This is versus 5.3% in 2021 and 2.5% in 2022, and the lowest growth since 1991 with the exception of the 2009 and 2020 recessions.
This is why the expression “quasi-recessionary” has appeared in the media recently: economies feel like they are in an indeterminate phase, no longer in the pandemic’s clutches but not “business as usual” either, with consumer patterns hard to discern. This applies to the bulk wine industry just as much as any other, and this month’s Global Report does its best to summarise the landscape that lies before it at the start of 2023. Here are some positives:
- Drewry’s World Container Index shows composite shipping costs as of 12th January are 78% below January 2022 and 79% below their September 2021 peak. Further small week-on-week reductions are expected.
- China has finally ended its zero-COVID policy and reopened to the world in January: this could lead to a boost in demand for bulk wine imports – especially welcome considering the slow market for reds globally – though it may also work against container price falls.
- Inflation trended downward in North America and the Eurozone towards the end of 2022 and there was a commensurate uptick in consumer confidence (admittedly from low levels).
In addition to the above glimmers of good news is our now monthly reiteration that – despite, and sometimes because of, what may be going on at the macro level economically – there continue to be excellent opportunities to be harnessed on the grape and bulk wine markets. Read on for more details, and don’t hesitate to get in touch: Ciatti can draw on decades of experience to help you navigate 2023 and beyond. Happy New Year!
About
With 8 offices world wide, Ciatti serves our clients with the most up-to-date and accurate market information available. Please contact us with any questions. We are truly at your service.
Greg Livengood
President, Partner and Broker
Greg joined Ciatti in 1994 and became a partner in 1997. Greg has used his degree in International Relations to build Ciatti into the world recognized leader in the alcohol beverage business. Greg is currently the President and CEO of the company and drives the international group.
Email:greg@ciatti.com
Steve Dorfman
Partner and Broker
Steve Dorfman joined Ciatti in 2007 after working with the Brown-Forman Corporation, Fetzer Vineyards, Sonoma-Cutrer Vineyards and Bolla Wine brands for 24 years. His primary responsibilities are wine and grape sales within California, and the supply demands of markets throughout Europe, South Africa and Australia.
Email:steve@ciatti.com
John Ciatti
John White
Partner and Broker
Ciatti has a long history of seeking to provide clients with a well rounded team of brokers whose experience in the industry cover the breadth of the business. John joined the company in 2003 after working as a Winemaker for several of California's major producers for 20 years. John's emphasis is maintaining relationships with California wineries ranging from the largest to the smallest. John has focused on all aspects of growth within the business, from long-term custom crush contracts to spot bulk wine and grape sales. His speciatly is the sourcing and selling of premium varietal lots from the coastal and interior regions of California.
Email:johnw@ciatti.com
Chris Welch
Partner and Broker
Chris Welch joined Ciatti in 1994, and began brokering bulk wine and grapes in 2003 and became a partner in company in 2007. The premium and super premium segment of the California wine industry are the breeding grounds of innovation and where Chris truly excels. His consistent approach helps small and medium size wineries and negotiants achieve the innovation and growth they seek. Chris also works very closely with the Oregon Wine Industry.
Email:chris@ciatti.com
Glenn Proctor
Partner and Broker
Glenn Proctor joined Ciatti in 2003 and became a partner in 2007. Glenn advises wineries on supply positioning and works closely with growers and wineries in marketing their grapes and wine. He specializes in spot and contract bulk wine and grapes sales from all regions of California. He has over 23 years of experience in wine supply strategy, wine-grape quality improvement, brand strategy, and business development. Glenn was previously the Vice President of Winegrowing for Diageo Chateau and Estate Wines, and before that was a Director at Benziger/Glen Ellen Winery during its rapid growth in the early 1990's.
Email:glenn@ciatti.com
Broker
Johnny Leonardo joined Ciatti in 2004 as a broker and knows that surviving in a dynamic wine industry requires one to be a Jack-of-all-Trades. He has experience in all aspects of winery and vineyard operation, from the field to the street. Johnny has developed and managed vineyards, and worked in wine sales and marketing.
Email:johnny@ciatti.com
Andy Bivona
Broker
Andy joined Ciatti as a broker in 1996. His areas of expertise and responsibility include grape and fruit concentrates, beverage and industrial alcohol, fruit alcohol and brandy, and food specialty products. Andy's knowledge of these products has allowed him to branch out and work throughout various parts of the world including Mexico, South America and Europe. Andy remains a wealth of knowledge and offers a creative approach to all endeavors.
Email:abivona@hvc.rr.com
Todd Azevedo
Broker
Todd Azevedo joined Ciatti in 2004 after completing his Agricultural Finance degree from Cal Poly San Luis Obispo. Although Todd brokers wine, grapes, and wine products throughout the state of California, Todd's focus is on the California Central Coast.
Email:todd@ciatti.com
Mark Ishimaru
Customer Account Representative - North America
Joined Ciatti in 2011.
Email: mark@ciatti.com
Molly Richardson
Customer Account Representation - Grower Accounts
Joined Ciatti in 2016
Email: Molly@ciatti.com
Administrative/Accounting Assistant
Joined Ciatti in 2000.
Email:alette@ciatti.com
Michael FungCustomer Account Representative - Sample Room
Joined Ciatti in 2013.
Email: michael@ciatti.com
Contact
Contact List
| Title | Name | Phone | Extension | |
|---|---|---|---|---|
| Partner/Broker | John Ciatti | john@ciatti.com | 4152640762 | |
| Partner/Broker | Steve Dorfman | steve@ciatti.com | 7073213843 | |
| Partner/Broker | Greg Livengood | greg@ciatti.com | 4154975032 | |
| Partner/Broker | Glenn Proctor | glenn@ciatti.com | 7073370609 | |
| Partner/Broker | Chris Welch | chris@ciatti.com | 4152988316 | |
| Partner/Broker | John White | johnw@ciatti.com | 4152500685 | |
| Broker | Todd Azevedo | todd@ciatti.com | 4152656943 | |
| Broker | Johnny Leonardo | johnny@ciatti.com | 4157174438 | |
| Broker | Dennis Schrapp | dennis@ciatticanada.com | 9059338855 |
Location List
| Locations | Address | State | Country | Zip Code |
|---|---|---|---|---|
| CIATTI Global Wine & Grape Brokers | 201 Alameda Del Prado, #101, Novato | CA | United States of America | 94949 |
List of Locations
Facebook feeds
Profile Picture