SVB: Wine Industry Well-Positioned to Weather Recession

Dear Client:   Silicon Valley Bank released its annual State of the US Wine Industry report yesterday, exploring the wine industry's performance in 2022. A quick rundown tells us largely the same story as 2021: it was a good year, but not a great year, and many of the problems that plagued the industry then continued to impact the industry in 2022.  WINERIES ANXIOUS DESPITE SOLID 2022 PERFORMANCE. Looking at the results of their ninth annual Winery Sentiment Index, there