What is the “true price” of a wine?
There is no such thing as a “true price” of a wine.
Prices for the same bottle of wine (in the same country) can vary up to 60% depending on the retail channel.
Wineries which understand this price dispersion can maximize their final retail price by a smart selection of retail channels.
Where are my opportunities?
Winery A and B are both high-end Spanish wineries with strong export capabilities, targeting similar customers and price points. Despite this, only Winery A has tapped into the Brazilian market, where it enjoys its highest retail prices. Winery B is missing out on this opportunity and should consider entering the Brazilian market to potentially increase its earnings.
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Pontificia Universidad Católica de Chile (PUC) engineer and MBA from London Business School (LBS).
PUC engineer and MBA from London Business School (LBS). He has been a director of Pricing and is an expert in data exploitation to increase revenues. He has worked for British Airways and as an independent consultant for DeBeers among other corporate and consulting roles.
He regularly lectures at the IESE MBA school and collaborates with LBS in executive training on Pricing and Data Science topics.
Pontificia Universidad Católica de Chile (PUC) engineer, Summa cum Laude.
Expert in technology and Data Science, he is the founder of dataforge (www.dataforge.cl), a boutique consultancy focused on data, analytics, and technology issues. He has worked on a variety of technological projects in LATAM, covering AI, data, and technological ecosystems
He has amassed over 14 years of experience as a professor at PUC, currently contributing to the Master's in Artificial Intelligence (MIA) and the Master's in Information Technology and Management (MTIG) programs.
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