COVID-19 Forces Technomic to Revise Foodservice Industry Forecasts
With the COVID-19 pandemic continuing to leave its mark on the foodservice industry, research firm Technomic announced revisions to its foodservice forecasts for 2020 and 2021.
The data Technomic shared is presented through three scenarios: Best Case, Middle Case and Worst Case. In the “Middle Case” scenario, Technomic predicts foodservice industry will grow by 21% in 2021 following the massive drop-off in sales during 20201, but sales are expected to remain 11% lower from 2019...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.