Many wine businesses are looking for more efficient ways to do business by automating manual processes. While some fear this will be complicated and time-consuming, this does not have to be the case.
This case study highlights how trusted developers, supported by Liv-ex, can make API integrations a seamless and low-touch process.
The Wine Connection is one of San Diego’s leading specialty wine stores. Founded 26 years ago, the shop is owned and operated today by Allen Springer.
During the Covid-19 pandemic, online shopping ballooned in the world of fine wine. As a result, Allen had to look for ways to expand his business’ online offerings. At the same time as more customers were buying online, many of his regular customers were also requesting rarer back vintages of wines that were ready to drink today. Demand was quickly outpacing his ability to rapidly and reliably source supply.
Before Liv-ex, The Wine Connection carried about 2,000 unique wines across online and in-store retail. Looking to expand his catalogue, Allen discovered Liv-ex as a reliable and plentiful source of fine wine with over $120m of live offers across 20,000 wines.
He first considered using the trading platform to source wine manually; however, he quickly learned that there was an even more time-efficient way to use the exchange; automation. Liv-ex members can automate buying and selling on the exchange via API, streamlining the trading process to the second. Allen met with the Liv-ex Integrations Team, who help customers realise their commercial goals through Liv-ex’s API-based services.
By connecting his e-commerce website with Liv-ex, Allen realised he would be able to offer his customers a wider selection of wines, without having to physically hold the stock. As his customers placed offers via his site, the sale would automatically go through the exchange, complete with Liv-ex’s guarantee of condition and availability of stock. With over 20,000 wines on the exchange, Allen could increase his online offerings by over 900% with zero investment on storage or shipping.