Digital Wine Ventures reveals more than tenfold increase in shipped wine cases, declared ‘climate neutral’

Digital Wine Ventures ASX DW8 Winedepot ship cases March 2021
Digital Wine’s WineDepot platform has signed up 26 new suppliers ahead of its marketplace launch.

Ahead of its marketplace launch, Digital Wine Ventures (ASX: DW8) has announced its online beverage platform WineDepot has been processing orders and shipping more than 10 times the amount of cases than this time a year ago.

In today’s market update, the company reported shipping a total 20,684 cases in February, a 931% increase on the same month last year, and reflecting a 32.4% increase on January 2021.

Almost 9,500 orders were processed during the month, up 28% from the previous month and 918% higher than February 2020.

“This equated to an average of 2.2 cases shipped per order, significantly higher than the 1.85 case long-term average,” Digital Wine stated.

New customers sign up ahead of marketplace launch

Meanwhile, WineDepot has welcomed 26 new suppliers to its platform since last month’s company update.

New customers include 12 Australian wine brands with the majority from South Australia, and eight New Zealand wineries.

One of the signups is an Italian wine importer, and another five provide spirits and other beverages: Australis Drink Co, Banks Botanical, NZ Sake Brewers, Prepear Drink Company and Volando Group.

This acceleration in signups follows WineDepot’s recent acquisition of fourth-party logistics provider Wine Delivery Australia and is ahead of the company’s marketplace launch.

Last month, Digital Wine revealed a new partnership with Hong Kong-based mobile app and online wine marketplace Vivino, which is expected to integrate with the WineDepot platform by the second quarter of 2021.

Climate neutral status

In addition, Digital Wine announced WineDepot has received official recognition as a ‘climate neutral’ business from the Leaders for Climate Action (LFCA), an organisation striving to achieve a global economy powered by 100% renewable energies by 2050.

As part of the corporate commitment, Digital Wine’s chief financial officer Matthew Johnson has been appointed as the company’s climate officer and will oversee the measurement and reduction of the organisation’s carbon footprint.

WineDepot founder and chief executive officer Dean Taylor has also become a member of the LFCA, joining a growing list of digital entrepreneurs committed to reducing their carbon footprint and offsetting emissions.

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