Food service industry could see €5bn spending drop

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A forecast of consumer spending on food outside of the home has found the sector could fall in value by as much as €5 billion this year as a result of Covid-19. Here is the story of one family business that is surviving despite the odds. | Read more:

Bord Bia, the Irish Food Board, has published a paper which sets out the best and worst case scenarios for the market.

These include streamlined and smaller menus with many operators likely to focus on those items that drive maximum revenue post-crisis. It also predicts more ghost/delivery kitchen acceleration saying that as the food industry resets, more companies may decide to eliminate the dining room altogether to capitalise on longer-term, off-premise trends.

 

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