Wines of Chile US Director Lori Tieszen kicked off the recent WoC-sponsored Sommelier Summit Seminar with some very good news. Despite the negative effects of the global economic crisis, sales of Chilean wine continue to be strong in the United States. While the wine market is down by 5% overall, Chilean wine sales are up 12% in volume and 8% in value.

As a result of the global economic crisis and the high international wine competition the companies have been forced to readjust their strategies. One of the areas hardest hit was the working capital.