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  "documentTitle": "International Comparison of Australia’s Freight and Supply Chain Performance 2019",
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      "kind": "callout",
      "text": "Differences likely due to a greater number of warehouses operated by third-parties in CA, resulting in higher average cost",
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      "text": "Note: * Assumes ~3 months of tank holding and ~12 months of bottle maturation; ** 2014-18 average exchange rate utilised (USD/AUD = 1.29) Source: Wine Australia; California Department of Food and Agriculture; L.E.K. interviews and analysis",
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      "text": "South Australia and Bordeaux produce c.1/5 of the volume produced in California; holding cost in South Australia is materially lower vs. California",
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