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#Rural Estate — 13.06.2018

Agrifrance 2018 Rural Report: Interview with Eric E. VOGT

Chief Executive Officer and Founder of ePROVENANCE

"eProvenance was therefore created to provide a service of monitoring and tracking the quality of wine and other fragile goods during transportation and storage. Our services ensure that fragile goods are kept at the right temperature and humidity levels."

How did eProvenance come into being?

E.V. eProvenance is a Franco-American company I founded ten years ago. During a wine-tasting event, the owner of a large château in the Bordeaux region shared his concerns about the shipping conditions of his wines. Given that wine is a high-end, valuable, fragile product, with one in three bottles exported, we were fully aware that good shipping conditions play a vital part in preserving the quality of the wine. eProvenance was therefore created to provide a service of monitoring and tracking the quality of wine and other fragile goods during transportation and storage. Our services ensure that fragile goods are kept at the right temperature and humidity levels.

How do your services work in practice?

E.V. Central to eProvenance services are our proprietary rating algorithms, underpinned by sensors and mobile apps. In agreement with clients and transporters, we place our sensors on cases, pallets and containers in order to record the wine’s temperature, humidity and/or geolocation from the moment the wine leaves the cellars to its arrival at the final destination. By analysing the data we can assess the conditions under which the wine is being transported, scored out of 100 on an eProvenance‑developed ranking. The eProvenance system produces data that can be used to insure merchandise and help improve quality along the supply chain.

You gather a large amount of data; how are wine producers and the industry benefiting ?

E.V. For the last ten years we’ve been working with the largest wineries in the Bordeaux, Burgundy and Champagne regions. We’ve recorded and analysed millions of pieces of data in 65 countries. Recording data is an important step but it’s the analysis that really counts. This is our core business. Our tracking solutions enable wine producers to guarantee the quality of their products that helps them to enhance their image.

TO LEARN MORE ∨

About Agrifrance

 

Agrifrance is the specialist rural property division of BNP Paribas Wealth Management, offering clients seeking the right investment and wealth management solutions the benefit of over 40 years of experience in the viticulture, farming, forestry and prestigious homes markets. With its network of recognised professionals, Agrifrance is also able to provide complementary services such as expertise in and management of rural properties.

Agrifrance is one of the asset diversification services proposed by BNP Paribas Wealth Management along-side Private Equity, Real Estate, Art Advisory