Deloitte and ANZ announce wine survey collaboration

Deloitte and ANZ announce wine survey collaboration

Deloitte and ANZ Bank join forces to provide financial insights to wine industry

Deloitte and ANZ Bank are pleased to announce a new collaboration on the 2017 wine industry benchmarking survey.

The survey, designed to assist wine businesses to make more informed decisions about their relative financial strengths and weaknesses compared with others in the industry, is open from today for a period of around four weeks.

The results of the 2017 wine industry benchmarking survey will be released in December.

Deloitte Partner Peter Felstead says the survey provides wineries with useful insights into the relative financial performance and position of their business.

“This type of information is vital for those looking to attract capital, expand and sustain growth,” says Mr Felstead.

“We’ve also worked hard to shorten the survey considerably from previous years, significantly reducing the time required to complete it without compromising the level of insights participating wine companies will gain in return,” he adds.

ANZ Commercial & Agri General Manager John Bennett says collaborating with Deloitte on the survey was an easy decision to make.

“We know there is real potential for the New Zealand wine sector to grow new and existing markets,” says Mr Bennett.

“At ANZ we’re great believers in the power of benchmarking information to help businesses assess their own performance and identify opportunities for growth. Quality financial information from peers can be tough to access, which is why we are delighted to join Deloitte to support the survey,” he adds.

Both Deloitte and ANZ have existing publications related to the industry; Deloitte their annual Wine Survey and ANZ their annualWine Industry Report. Combining resources, expertise and industry knowledge will provide considerably more benefit to the wine industry, which has grown substantially in recent years.

New Zealand Winegrowers Acting CEO Jeffrey Clarke says New Zealand Wine members should look out for email notifications of the survey and watch out for reminders on social media.

“We strongly encourage all wineries to participate in this year’s combined survey,” concludes Mr Clarke.

Wineries that participate will also benefit by receiving custom individual benchmarking reports.

For more information and to download survey forms go towww.deloitte.com/nz/wine.

ENDS

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