Specialty Food Magazine

Spring-2021

Specialty Food Magazine is the leading publication for retailers, manufacturers and foodservice professionals in the specialty food trade. It provides news, trends and business-building insights that help readers keep their businesses competitive.

Issue link: https://www.e-digitaleditions.com/i/1357069

Contents of this Issue

Navigation

Page 17 of 48

"There still is a substantial, substantial way to go before the industry, in terms of sales and employment, is back where it was pre-COVID," says Hudson Riehle, senior vice president, research and knowledge group at the NRA. "Employment- wise, the industry remains down by well over 2 million positions." Restaurants that had strong delivery and takeout programs have tended to fare better than those geared toward dine-in service. Buffet concepts were decimated, and fine-dining restaurants that relied heavily on business meals and large gatherings for special occasions also struggled to stay afloat. The NRA has lobbied for more federal relief for the industry, and a new industry association, the Independent Restaurant Coalition, emerged during the pandemic to advocate specifically on behalf of independent bars and restaurants. Caroline Styne, a co-founder of The Lucques Group, which operates multiple restaurants and other T he nation's vibrant foodservice landscape has been forever changed by the COVID-19 pandemic. The restaurant industry, the nation's second- largest private employer, has been among the most severely impacted of all U.S. business segments, with sales down about 24 percent in 2020, compared to 2019, according to data from the National Restaurant Association. More than 110,000 restaurants, or about 17 percent of all locations, have closed, according to NRA data, as states and municipalities around the country ordered them to shut down or restrict operations to slow the spread of the virus, and consumers turned increasingly to home cooking. Some analysts predict it could be years before the industry returns to 2019 sales levels, which had reached a record high of $889 billion. The NRA estimated that sales for 2020 totaled around $659 billion, and it projects sales of $731 billion this year, up 11 percent from last year. The Restaurant Revitalization Fund and o-premise dining services such as takeout, meal kits, heat-and-eat solutions, and virtual events are helping pave the road back. Foodservice in Crisis: How the Channel Can Recover BY MARK HAMSTRA SPRING RESTAURANT RECOVERY

Articles in this issue

Archives of this issue

view archives of Specialty Food Magazine - Spring-2021