Problems and Opportunities within the Wine Industry in Terms of the COVID-19 Pandemic

František Synák

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Wine Industry and Tourism COVID-19 Pandemic Impacts Supply Chain Resilience and Risk Management

Abstract

The COVID-19 pandemic has affected and still affects various sectors, including the agricultural sector. A specific industry deriving from agriculture is the wine industry. The purpose of this article is to find out and analyse the impact of the COVID-19 pandemic on the wine sector, especially regarding the Slovakia wine sector. To achieve this, a wide literary research study was conducted through which an overview of the global wine industry situation was obtained. Subsequently, the impact of COVID-19 on a selected wine business in the Slovak Republic was determined via interviewing. The findings were further analysed and compared with the situations of other Slovak and foreign wineries. It follows from the observations that both risk diversification within supplying and purchasing relations and the business’s essential need to adapt to new circumstances under adverse conditions are very important factors. The article’s contribution lies in a summarization of the problems and opportunities within the wineries as a result of the COVID-19 pandemic, based on a wide literary research review and interviews with an employee of the large wine company, and the conclusions can also be applied to other agricultural industries.

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References

2011Lean, agile, resilient and green: divergencies and synergies 2012Aligning product design with the supply chain: a case study 1999Critical Success Factors for Wine Tourism 2021Towards a framework for the global wine tourism system 2023A bibliometric review of research in wine tourism experiences: insights and future research directions 2022Wine Tourism—A Sustainable Management Tool for Rural Development and Vineyards: Cross-Cultural Analysis of the Consumer Profile from Romania and Moldova 2022Does Ecological Agriculture Moderate the Relationship between Wine Tourism and Economic Performance? A Structural Equation Analysis Applied to the Ribera del Duero Wine Context 2022Wine tourism in rural areas – hopes and fears amongst local residents

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