SVB Issues Call to Action to Galvanize Wine Industry

Dear Client:   The annual Silicon Valley Bank State of the Wine Industry Report is out today. 2021 was a good year— not great, but not bad— for the wine industry. But SVB raised a couple major long-term concerns that will impact the wine business. "The wine industry overcame numerous hurdles to achieve a hard-earned solid year of sales," says Rob McMillan, evp and founder of SVB's wine division and author of the report. "That said, looking at the long-term