We’re Entering the “Golden Age of Online Wine Sales”

Dear Client:   The 20th annual Silicon Valley Bank State of the Wine Industry Report is out today. SVB pegs total wine volume growth at about 1% for the year (+/- 1%, depending on December data), which is an improvement over 2019.  Rob McMillan, evp and founder of SVB's wine division (and author of the report), notes in the report that last year SVB predicted higher volume sales, "simply because we had an acute excess and wine needed to get