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The aim of the research is to determine the impact of innovations and Industry 4.0 solutions on the international competitiveness from the perspectives of representatives of food industry enterprises. The empirical layer used information collected on the basis of a survey using the CATI method conducted on a representative sample of representatives of food industry enterprises. Descriptive statistics, the Kruskal-Wallis test, Mann-Whitney test, multiple comparison test and box-plot plots were used to analyse the data. The study confirmed that implementing certain innovations and solutions, both intangible and tangible, is important for maintaining and improving competitiveness on the international market. This applies particularly innovative, modern ways of reaching the customer, developing innovative products, the use of IT systems and the use of innovative methods in advertising and promotion. The conclusions present direct implications for managers of food enterprises who formulate competitive strategies.

This paper examines the economic impact of wine counterfeiting, with a focus on the Sassicaia scandal, publicized in 2020, regarding counterfeit 2015 vintage bottles of the iconic Super Tuscan wine. Wine fraud, documented since ancient Rome, has evolved alongside the industry, with key developments such as the Appellation d'Origine Contrôlée system aiming to curb it. The paper briefly reviews three other significant modern cases of wine counterfeiting: the Hardy Rodenstock "Jefferson bottles" affair, the Brunello di Montalcino scandal, and Rudy Kurniawan's counterfeit operation. It then shifts to a detailed analysis of the case of Sassicaia. We combine informal analysis using data plots and a formal difference-in-differences analysis to assess the market impact of the 2015 Sassicaia scandal. We find that, surprisingly, the scandal led to an increase in the price of authentic 2015 Sassicaia, perhaps driven by perceived rarity and media attention. [ABSTRACT FROM AUTHOR]

There is a growing body of literature exploring governance in regional value chains (RVCs) in Africa. Agro-processing RVCs are of particular interest, as this is where the manufacturing capabilities of most African countries lie. The research on RVCs in Africa highlights governance by lead firms and government actors as an important aspect in determining the structure and outcomes within these RVCs. Using the global value chain (GVC) analytical framework, this article analyses governance in the poultry RVC in South Africa, Zambia and Zimbabwe. The paper finds that the poultry RVC is a bilateral oligopoly, where the lead firms are supermarkets and large poultry producers with exclusive rights to multi-territorial breeding rights. The article highlights that both large producers and the supermarkets play an important role in the formation and structure of the poultry RVC, with important implications for regional integration and industrialisation. [ABSTRACT FROM AUTHOR]

Portugal introduced a sugar-sweetened beverages (SSB) tax in 2017. This study uses unique administrative accounting data for all SSB producers/importers in Portugal, and an event study design with bottled water firms as the primary comparison group, to assess the causal impacts of the tax on multiple firm-level outcomes. We find a 6.8% average decrease in domestic SSB sales, relative to bottled water. The soda tax hindered SSB firms' financial health, namely net income, ability to convert receivables into cash, and liabilities. SSB producers/importers did not decrease wages, cut jobs, or modify their workforce toward higher R&D capacity. Forgone corporate income tax appears negligible compared to the government revenue generated by the tax itself. [ABSTRACT FROM AUTHOR]

This paper analyzes the relationship between food and oil prices in Nigeria before and during the COVID-19 pandemic, using monthly data from January 2018 to December 2021. The ARDL and NARDL models are applied to estimate the symmetry and asymmetric relationship that exists in food price behavior. The NARDL confirms the presence of asymmetries, and the bound test affirms the co-integration and long-run relationship among the variables. In the long run, there is a significant positive relation between oil price increases and food prices, but the long-run impact of oil price reductions on food prices is not significant. In the short run, only increases in oil prices exert a significant influence on food prices, while decreases in oil prices do not. Furthermore, the COVID-19 period exerts a positive and significant impact on food prices, while COVID-19 cases do not influence food prices in Nigeria.

In this article, we examine how weather variables affect markets for U.S. high-end wines, both luxury wines and wines from the same region that are still high-end but not in the very limited highest category. Specifically, we compare so-called "cult wines" with "non-cult wines" from the same subregions that are known for their high-quality wines. We investigate associations between weather conditions and prices, price gaps (the difference between the secondary market price and release price), the number of cases produced, and wine scores assigned for both cult and non-cult wines. We further examine whether associations with weather differ across wine regions. Implementing a fixed-effects methodology, cult and non-cult wines from three U.S. regions were studied: both Napa and Sonoma in California, and Walla Walla on the border of Washington State and Oregon. Overall, the analysis suggests that weather is associated with various characteristics of wine markets, including prices, price gaps for cult wines, wine scores, and cases produced. The nature of the associations depends on the type of wine (cult or non-cult, red or white) and timing of weather conditions throughout the year and growing region. [ABSTRACT FROM AUTHOR]

This paper investigates the market position of hard cider within the broader alcoholic beverage market. The first experiment identifies two distinct consumer segments—around 40% prioritize flavor attributes, while 53% prefer production information. The second experiment utilizes a basket- and expenditure-based choice experiment and a multiple discrete choice extreme value model to assess hard cider's standing among commonly consumed alcoholic beverages. Results reveal that hard cider is perceived as a complement to red and white wine but is independent from beer. The study suggests marketing hard cider in conjunction with white wine to capitalize on observed complementarity. Emphasizing the importance of addressing both consumer segments—those valuing flavor notes and those prioritizing production information—the research offers valuable insights for optimizing hard cider market strategies. [ABSTRACT FROM AUTHOR]

In an increasingly competitive business world the ability of a company to build a favorable reputation is an essential factor for its success or failure, especially in digital environments. The objective of this study is to analyze what factors affect the online reputation of companies in the agri-food sector, taking the Spanish wine sector as a case study. The methodology used to achieve this objective was Qualitative Comparative Analysis (QCA), in its fuzzy sets variant (fsQCA). The results show that those companies more oriented towards the digital market and with a higher level of communication of their Corporate Social Responsibility practices have a higher reputation among stakeholders. This advantage is increased if in addition they are larger companies or have a larger Governing Board.

This study examines the impact of green economic growth and renewable energy on food security in Sub-Saharan Africa (SSA). The rationale for the study comes from the background that with a fast rate of growing population, there is a high pressure on natural resources, which often leads to resource depletion, being experienced across the globe. This study utilises panel data analysis consisting of 37 SSA countries that are members of the Official Development Assistance (ODA). Data was obtained from the Food and Agriculture Organisation (FAO) and World Development Indicators (WDI) for the period 2005–2022. To control for endogeneity, the study applies the system Generalised Method of Moments (GMM). The result shows that renewable energy and green economic growth have a positive significant impact on food security, though this impact is asymmetric across SSA sub-regions. On the other hand, industrialisation through its emissions, contributes negatively to food security. The implication is that SSA countries should focus on policies aimed at improving green economic growth and renewable energy consumption; while policies aimed at reducing the inefficient adoption of renewable electricity and discouraging industrialisation aimed at suppressing agricultural practices should be adopted.

We shed light on assessing product quality in blind tastings and their potential (gender) biases. We study how phonetic traits of grape varieties suggest product attributes in the context of professional reviews. This study aims to close this research gap and analyze how product variety and phonetic name traits affect expert ratings. We obtained data on 18,609 wines and their ratings from Wine Enthusiast Magazine between 1997 and 2016, yielding a sample of 31,058 observations. We suppose that the gender of the taster needs to be considered to understand what affects tastings and ratings, as women and men might be attracted differently to masculine or feminine names. This study shows that masculine names receive higher evaluations than feminine ones. This phonetic gender gap is driven by lower ratings for white wines by female reviewers and lower ratings for red wines by male reviewers. In addition, white wines are rated lower overall by both men and women. [ABSTRACT FROM AUTHOR]

This paper investigates the growth and clustering of craft breweries in New Jersey. We compiled a historical dataset from 1995 to 2020 that allows us to measure the degree of geographic clustering among craft breweries in New Jersey. The number of craft breweries in New Jersey grew 491% from 2012 to 2020 (from 22 to 130 craft breweries). An impetus for this growth was that New Jersey enacted legislation in 2012 that made opening and operating a craft brewery in the state more economically viable. Our analysis finds that craft breweries in New Jersey are clustering in specific parts of the state and that this is likely due to co-location benefits such as building a culture of craft beer that drives innovation, knowledge sharing, customer sharing, and a thicker labor market. While distinct craft beer clusters have formed in New Jersey, we find there is still significant opportunity for growth. Our analysis confirms this using data on planned craft brewery openings to measure changes in the size and density of clusters and where, in New Jersey, new clusters are likely to form. [ABSTRACT FROM AUTHOR]

The prevalence of obesity has increased significantly worldwide, including in low- and middle-income countries. In Ecuador, a middle-income country, the government has implemented two policies to improve the quality of its population's diet: (1) a traffic-light (TL) nutritional labeling requirement for processed foods and (2) a special tax scheme for drinks with a high sugar content (HSC). This study examines changes in carbonated soft drink (CSD) sugar formulation and its associated impacts on sugar consumption after the implementation of these two policies. Sugar content in soft drinks was obtained from the National Agency for Health Regulation, Control, and Surveillance (ARCSA) and directly from the labels of carbonated soft drinks sold in the country. CSD monthly purchase data from January 2013 to December 2019 were obtained from the Kantar World Panel (Ecuador). Mixed reactions followed the introduction of the TL in the sugar content reformulation of CSD. In contrast, the implementation of the HSC tax scheme was followed by extensive efforts to reformulate CSD as all brands studied decreased their sugar content. We also found evidence that CSD consumption reduced significantly after the HSC tax scheme was imposed. Overall, sugar consumption linked to CSD decreased after the implementation of these two policies. Still, most of this decrease is related to reformulation activities observed after the HSC tax scheme was implemented. [ABSTRACT FROM AUTHOR]

Building upon resource-based view (RBV) theory, this cross-sectional study employed binary logistic regression to examine the influence of firm-level factors on the performance of 435 Tanzanian micro and small agri-food processing firms. The results of the study show that intangible resources, age (enterprise, manager), and management practices (target setting, working capital management, and performance monitoring) have a significant influence on firm performance. Firm size, tangible resources, and managers' education level were not significant predictors of firm performance. The findings confirmed the RBV argument that intangible resources contribute more to the variation in firm performance compared to tangible resources. This study adds to the limited research on the combined effect of firm-specific characteristics, firm resources, managerial characteristics, and selected management practices on the performance of micro and small firms in emerging economies. The findings will help managers to identify success factors that are significant for better performance and will support policymakers to design strategies that can effectively contribute to the development of micro and small enterprises in the agri-food subsector. [ABSTRACT FROM AUTHOR]

This paper uses data from the 2021 Swiss edition of the Gault&Millau food guide to analyze the probability with which restaurant owners decide to share their wine list with the public. This is an important question relating to the amount of information circulating in markets characterized by information asymmetry in the context of experience and credence goods. We find that restaurant owners are more willing to share wine lists with others if competition is limited or their wine list does not contain idiosyncratic information that competitors may use strategically. Interviews indicate the challenge for restaurants to balance the risk of sharing information with competitors and the opportunity to attract wine lovers by revealing an appealing wine list. We also show that this decision depends on cultural considerations. [ABSTRACT FROM AUTHOR]

There is lack of research on the evaluation of state aid provided to food industry enterprises in Poland, within the framework of general principles of the European Union competition policy, taking into account structure of the industry. The aim of the study is to assess the scale of general public aid for dairies, taking into account the type of enterprises, their size and location. The statistical analysis is based on SUDOP data. The amount of aid granted in 2015–2021 increased as well as the number of beneficiaries of the aid. The highest value share involved subsidies for R&D projects. The share of large dairies in funds is similar to their market share. We witness a significant concentration of aid regionally and among the beneficiaries. Dairy cooperatives accounted for a greater share of the employment of disabled persons and prisoners than other entities, which may be due to their bimodal nature.

We assess the impact of the Brazilian government’s conditional cash transfer program Bolsa Família on unhealthy consumption by households, proxied by expenses with ultra-processed food, alcohol, and tobacco products. Using machine learning techniques to improve the propensity score estimation, we analyze the intensive and extensive margin effects of participating in the program on the household purchase of unhealthy products. Our results reveal that program participants spend more on food in general, but not necessarily more on unhealthy options. While we find evidence that participants increase their probability of spending more on food away from home, they do not significantly alter their expenditures on packaged food, alcohol, or tobacco products.

The development and expansion of wineries in Appalachian states in the United States over the past 20 years has received attention, while the study of non-wine product consumption in wineries has been very limited. Wineries increasingly include these non-wine products as complementary products in their marketing portfolio. This study analyzes the determinants of wine and non-wine spending among winery visitors in selected Northern Appalachian states, including Pennsylvania, Ohio, Kentucky, and Tennessee. We develop a market segmentation model and a random utility theory with an interval regression model. Results from 1,609 participants show that wine knowledge has a positive effect on local wine spending, and spending on non-wine products should not be underestimated for its overall contribution to the winery business. Our results suggest that wineries have the potential to boost store sales associated with non-wine products. Diversifying the product lines in wineries to include more non-wine products would be a useful marketing strategy. [ABSTRACT FROM AUTHOR]

Hard cider is a sector of a maturing craft beverage industry that continues to experience growth in the United States. Cider is also experiencing challenges, however, such as competition from other alcohol markets, changing consumer preferences, the supply chain, and inflationary pressures. National policy changes may help promote more optimal outcomes for this sector, but public support is important to policy formation. This study uses survey data from a best-worst scaling experiment of consumers in four leading cider-producing states (Michigan, Washington, Wisconsin, and Vermont) to understand preferences toward ten broad cider policy initiatives. The results of multinomial logistic modeling reveal that consumers prefer policies mandating ingredients, nutrition facts, and allergen labeling across all ciders. The least preferred policy initiatives include allowing producers to use vintage on labeling and funding regional cider development. These results have important implications for stakeholders across the industry, including the benefits of labeling disclosures in marketing and the need to improve public awareness of barriers to cider industry development. [ABSTRACT FROM AUTHOR]

From an economic perspective, the COVID-19 crisis has been an exogenous shock to most local and international markets. Due to the COVID-19 pandemic, physical separation (or social distancing) to prevent the spread of the virus has led to feelings of isolation and loneliness, increasing the prevalence of depression, anxiety, post-traumatic stress disorders, and insomnia in the population. However, during the lockdown, technological devices have provided a way for people to maintain social connections with friends, family, their social networks, and/or the wider community. This article analyzes the changes on the international wine market and estimates the exports of Moldovan wine, especially in the neighboring region, which includes Romania, Ukraine and Bulgaria to Nigeria, considered a new market and characterized by the lack of traditions in wine consumption.

The impact of product ratings is significant in the experience goods market, whose intangible products are difficult to evaluate before consumption. Product ratings can reduce information asymmetries because they represent a credible signal of quality and thus positively affect product sales. In this study, we shed light on how professional critics behave by focusing on the influence of product characteristics and former reviews on rating behavior and market prices as additional quality signals in wine markets. Using 13,911 observations from professional wine tastings, we analyze 8,444 worldwide-produced wines and their ratings over 20 years. We find clear evidence to suggest that prices and product ratings are significantly related. Finally, the results suggest that review consistency evolves and determines current ratings. [ABSTRACT FROM AUTHOR]

AbstractThe extension of the shelf life of food through processing makes food available beyond the shelf-life of fresh agricultural produce, which has implications for food and nutrition security. Food processing creates products for the specified nutritional needs of persons with special nutritional requirements, market access for products from the agricultural sector, employment for households, opportunities for trade and marketing as well as tax revenues for the state. These contribute to the standard of living (income) as well as education and health components of human development. Existing studies have focused on assessing the human development (HD) effects of foreign direct investment (FDI). However, the differences in human development could engender differences in the effect of FDI on human development. Unlike the exante literature, we focus on food manufacturing FDI, the human development stages and the contemporaneous analysis of developed and developing countries. We used panel data from 18 and 26 developing and developed countries respectively from 1991 – 2021 and fitted it to panel generalised estimation equations and the general method of moments estimators. We find that food manufacturing FDI had a significant influence on human development for all human development stages in developing but only for low-developed countries in the category of the low human development index. Not isolating the influence of FDI on human development stages could produce misleading outcomes for developed countries. Policymakers can look at food manufacturing FDI to increase HDI and in some cases to migrate from one stage to another.

This paper evaluates the price and consumption effects of the first municipal soda tax imposed in the United States. Using high-resolution scanner data and data-driven approaches to select comparison units for counterfactual analysis, we estimate the tax has no effect on prices or consumption at drugstores, but increases supermarket prices of some soda products, constituting a minority of soda consumption. We estimate UPC-level pass through rates and find that there is significant heterogeneity across UPCs, much of which is explained by brand and size; average UPC-level pass through estimates in the supermarket range between 19% and 23%. We find limited evidence of reduced supermarket purchases of soda in the taxed jurisdiction. Half of these reduced purchases are substituted to just outside the taxed jurisdiction. Retailers' limited price responses are attributed to the localness of the tax; other research studying the Philadelphia soda tax has demonstrated more substantial pass-through in this much larger jurisdiction. [ABSTRACT FROM AUTHOR]

We propose to establish wine rankings using scores that depend on the differences between favorable and unfavorable opinions about each wine, according to the Borda rule. Unlike alternative approaches and specifications, this method is well-defined even if the panelists' quality relations are not required to exhibit demanding properties such as transitivity or acyclicity. As an illustration, we apply the method to rank wines assessed by different experts and compare the resulting ranking with that obtained according to Condorcet's method of majority voting. [ABSTRACT FROM AUTHOR]

Although potentially useful for financially hedging systemic weather-related risks, weather contracts/derivatives (also referred to as parametric insurance) have not seen wide adoption in agriculture outside of applications in developing countries, frequently supported by governments and non-governmental organizations (NGOs). A significant impediment is the lack of financial firms willing to stand ready to sell weather derivatives to individual agricultural producers in the over-the-counter market who, due to the localized nature of weather, face idiosyncratic weather-related risks. In particular, the administrative and reinsurance costs of supplying relatively small contracts with specific terms to many different producers are often prohibitive. The current study considers the potential use of weather derivatives in hedging the aggregate yield/revenues of viticulture producers represented by an industry association located in the province of Ontario, Canada. We examine the sensitivity of aggregate industry yields to several relevant weather-related risks employing copula function analysis. We then consider the potential of a weather derivative in hedging the financial risk associated with cold winter temperatures, which pose the greatest risk to aggregate vinifera yields. The issue of attributing costs and payouts to individual association members remains unresolved, and several alternatives are suggested. [ABSTRACT FROM AUTHOR]

This research aims to propose an integrated MCDM model to support the distribution center location selection. The integrated approach of ANP and TOPSIS was employed to address the distribution center selection problem. The ANP method was used to define the weights of the selection criteria, whereas the TOPSIS was applied to rank alternatives. The proposed model was then applied into Dong Nai province in Vietnam to select the best alternatives to be the distribution center. The results showed that Long Khanh is the most appropriate location for the distribution center as it is ranked first in the order of preference for selection. The proposed model provides the decision makers with more powerful methods than conventional ones. Therefore, the model can be applied to distribution center location selection in all industries. In terms of theoretical contribution, the proposed criteria can contribute to literature review in the selection of location as well as the concept of distribution center. In addition, the research also provides insight for firms and public authorities in making decision on distribution center location based on limited resources as well as avoiding the misuse of funds.

This study examines the time-frequency connectedness of food commodities (cereals, dairy, food, meat, vegetable oil, and sugar) in the Food and Agriculture Organization's world food indices. With a monthly-frequency dataset covering February 1990 to October 2021, we utilise the returns spillover index approach of Baruník and Křehlík (2018). The results are robust to the time-varying parameter vector autoregressive (TVP-VAR) connectedness approach. The findings explicate that food commodities are highly connected in the short- and long-term horizons. The dynamic total connectedness varies from 15% to 80% in the short term, 1% to 70%, in the medium-term, and 1% to 75% in the long-term, with high fluctuations in notable crisis periods. Contagious returns spillovers between food commodities are propagated by vegetable oil. Diversification and safe-haven properties of food commodities are consistently found in the meat market across tranquil and exuberant trading periods, respectively. The safe-haven role of sugar in recent episodes of financial crises is highlighted by our findings. The economic, policy, and portfolio implications of our results are discussed.