Food industry 'decimated' as consumers abandon restaurants in COVID-19 pandemic: report

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Restaurant costs for 2020 will be much lower than initially forecast as consumers spend more of their dining-out budgets at grocery stores instead, according to an updated food price report that predicts annual restaurant sales will be slashed in half.

"It all comes down to ... the result of people having to change the way they buy and consume food," said Simon Somogyi, a University of Guelph associate professor who co-authored the report with Dalhousie University professor Sylvain Charlebois.

Restaurants typically generate more than $90 billion in annual sales, but the researchers expect $40 billion to $50 billion of that will shift to grocery stores throughout the pandemic. Grocery stores have seen unprecedented demand as the pandemic spread with consumers stockpiling cleaning supplies, toilet paper and food.

"They're going to be creeping over to that category of food service. It's going to be more competitive," he said.

 

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No one abandoned restaurants. We can’t go there until covid19 has run its course. Then we will be back immediately.

'consumers abandon restaurants'. eh?

Your only 2 weeks behind as compared to the US on this. Maybe Skippy should get the White House Admin to do up a plan for Canada. WH Admin new the Food Industry would be hit hard and it was included in their plan.

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 /  🏆 1. in JP

日本 最新ニュース, 日本 見出し