118662 20240319081023.0 doi 10.1002/agr.21748 sideral 129644 ART-2022-129644 eng Niklas, B. Wine industry perceptions and reactions to the COVID-19 crisis in the Old and New Worlds: Do business models make a difference? 2022 Access copy available to the general public Unrestricted The COVID-19 crisis has severely impacted the wine industry, with producers in different countries affected differently and, therefore, differing in their perceptions toward it. These differing perceptions are assumed to be due to different business models, mainly linked to the distribution system adopted and resulting in varying distances of producers to distributors and consumers. While upstream integration characterizes the Old World, the New World applies a downstream business model, being more closely linked to distributors and consumers and, therefore, more vulnerable to shocks, which should lead to higher perceived impacts of the COVID-19 crisis. This study analyzes 542 surveys collected from wineries in nine countries, divided into New World, historical Old World, and emerging Old World. Econometric results show statistically significant differences in both the perceived impact of COVID-19 and wineries'' responses in terms of planned investments, with the New World being more affected. A common desire by wineries to direct future investments towards direct-to-consumer sales and communication was found, to the detriment of investments in vineyards and cellars. This desire is particularly strong in the New World, in line with their focus on the downstream part of the value chain, underlying their greater reactivity to shocks and capacity to innovate. EconLit Citations: [D22; L21; L66; Q13]. info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 3.2 2022 FOOD SCIENCE & TECHNOLOGY 66 / 142 = 0.465 2022 Q2 T2 ECONOMICS 119 / 380 = 0.313 2022 Q2 T1 AGRICULTURAL ECONOMICS & POLICY 13 / 22 = 0.591 2022 Q3 T2 0.767 2022 Agronomy and Crop Science 2022 Q1 Animal Science and Zoology 2022 Q1 Geography, Planning and Development 2022 Q1 Food Science 2022 Q1 Economics and Econometrics 2022 Q2 4.8 2022 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Cardebat, J. M. Back, R. M. Gaeta, D. Pinilla, V. Universidad de Zaragoza (orcid)0000-0003-2256-8898 Rebelo, J. Jara-Rojas, R. Schamel, G. 4014 480 Universidad de Zaragoza Dpto. Economía Aplicada Área Hª e Instituc.Económ. 38, 4 (2022), 810-831 Agribusiness Agribusiness 0742-4477 2404658 http://zaguan.unizar.es/record/118662/files/texto_completo.pdf Versión publicada 1662864 http://zaguan.unizar.es/record/118662/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:118662 articulos driver 2024-03-18-16:23:35 ARTICLE