Digital Wine Ventures has the ASX 200 in its sights as WineDepot launches
Link copied to
Digital Wine Ventures (ASX:DW8), which invests in technology servicing the global wine and beverage industry, can see itself as one of Australia’s 200 biggest publicly-listed companies, if all goes according to plan.
The company recently wrapped up a successful corporate roadshow and is currently unveiling its trading and logistics platform for Australia’s wine industry, WineDepot, at the Wine Industry IMPACT Conference being held in Orange today and tomorrow.
CEO Dean Taylor said the company was riding a wave of momentum in the new financial year.
“We had a fantastic response to the roadshow, we had plenty of full houses and we had to spill over into a few breakfast presentations,” he said.
“Considering it was reporting season, the amount of and calibre of people we had through the doors was terrific.”
Taylor said shareholders current and potential could “really understand” the company’s opportunity for scale.
“We foresee the business regularly producing profits in the future, it could be a top 200 company,” he said.
“Our focus at the moment is on getting WineDepot live, bringing all the infrastructure pieces together.
“We don’t need a lot of capital to execute on our vision, the business will get to breakeven quickly, we have first mover advantage and we are talking to wineries big and small.”
WineDepot will cater to producers, distributors, importers and retailers of all sizes across Australia, allowing them to fulfill orders from inventory reserves held in depots servicing key markets.
It has been developed in partnership with Australia Post, and it will significantly reduce delivery times, freight costs and breakages, the company says.
And it’s not just in Australia that Digital Wine Ventures has a vast opportunity in front of it. The company is also looking to provide the Australian wine industry with a direct sales channel to China.
“The solution we’ve got allows for savings of up to 65 per cent on current supply chain fulfilment costs,” Taylor said.
“I would be very surprised if there isn’t a high adoption rate and I think within a few years there won’t be many brands that aren’t passing through our supply chain at some level.”