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Everyone from owners to busboys has felt the devastating effects the coronavirus has had on the economy. Not Many People Are Dining in …
Restaurants and foodservice businesses were some of the first economic activities severely impacted by the COVID-19 pandemic. Dining in restaurants virtually stopped …
By Kristie Auman-Bauer Restaurants and foodservice businesses were some of the first economic activities severely impacted by the COVID-19 pandemic. Dining in restaurants virtually stopped …
The Coronavirus Impact on Restaurants. In light of the urgent and dire financial situation facing restaurants due to the coronavirus (COVID-19) global pandemic, this past week the James Beard Foundation conducted a …
When COVID-19 reached the U.S. and government restrictions set in -- closing indoor dining in much of the country -- millions of restaurant workers found themselves without …
However, all this mess and anxiety couldn’t beat the exceptional human resourcefulness and efficiency. From QR menus to curbside pickups, restaurateurs had to rethink and redesign everything in order to adapt and still …
COVID-19 pandemic has taken a toll on people, organizations, and businesses. In the short few months, a number of industry branches have unfortunately broken off, due to the …
We see it in the data. According to the latest edition of PYMNTS' COVID-19 Brief series, the share of consumers dining at sit-down restaurants had declined 85.2 percent since …
We are also mindful of how this virus is negatively impacting the hospitality industry at large, both from a well-being and economic standpoint. Novel coronavirus COVID-19 is pushing the restaurant industry to think …
The NRA assessment found restaurant revenue in 2020 totaled just $659 billion, down from the $899 billion initially projected. Revenue for 2021 was projected at $789 billion. …
That’s about 7% of all employment in the country. Within the last two weeks, nearly half of that workforce has been laid off as bars and restaurants were forced to close their …
Sep 1, 2020 11:22 PM EDT. Maria Szatkowski. Columbia, S.C. (WOLO) — Since the beginning of the COVID-19 pandemic, restaurants across the state and nation have and are still …
The National Restaurant Association says 3% of restaurants are closed for good, and 11% could join them within a month. March 30. More than 3 million restaurant jobs and …
Limiting restaurants to 25% capacity and restricting bars to outdoor service reduced COVID-19 fatalities by 41%, while closing bars completely and eliminating all indoor …
By Francine L. Shaw, President of Savvy Food Safety, Inc., Restaurants have been hit hard by the ongoing COVID-19 pandemic. According to Statista, on-site diners in U.S. …
These pandemic-related changes aren't going anywhere. September 2020 Francine L. Shaw. COVID-19 has completely changed businesses across all industries, and the foodservice …
More than a third of people are now jobless. What’s more, even the people who still have jobs have had their work hours and subsequently wages significantly reduced. More than …
The first few opportunities I was offered to work on were restaurant and sporting clients. The change could have been challenging, but the need for focusing on specific …
We can see that 25% of participants in a survey will be comfortable while visiting restaurants only after testing methods are improved. Plus, 14% of them will be comfortable …
Restaurants are finding ways to more seamlessly leverage outside delivery services, as these continue to change the face of an industry. Bradley D. Williams: It’s an …
The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and …
The National Restaurant Association estimates that compared to pre-pandemic levels, restaurant employment is down close to 2.5 million jobs and that the industry lost $240 …
As the number of confirmed COVID-19 cases soared in February and March 2020, a greater share of restaurant operators reported lower same-store sales compared to the same …
The COVID-19 pandemic spreading throughout the U.S. is expected to have a significant impact on the nation’s restaurant industry, from small mom-and-pop diners to giant chains. The …
New York CNN Business —. The restaurant industry will likely never return to its pre-pandemic state, according to the National Restaurant Association. The trade group says …
Across the world, restaurants' daily traffic dropped precipitously compared to the same period in 2019. [1] Closures of restaurants caused a ripple effect among related industries such as food …
Mid-March: Restaurants ordered to close. With the number of COVID-19 cases in the U.S. reaching 2,000 by mid-March, many state and city officials announced executive …
Impact on Restaurant Dividend Policies. Many restaurants have cut or suspended their dividends in response to the COVID -19 crisis. 1. Dunkin’ Brands Group Inc. (DNKN) …
Six weeks ago, many restaurant owners knew that COVID-19 would disrupt their business, but not how severely. Hoffman remembers business starting to dip in late February. …
Some thirteen million food service and hospitality jobs are at risk, as customers stay away from office cafeterias and university dining halls, restaurants and cafes, many of …
October 18, 2020 — COVID-19 surcharge begins. Following City Council approval in September, restaurants and bars in NYC got the go ahead to add an up to 10 percent surcharge …
The combination of COVID-19 with rising availability of automation technologies may create a perfect storm for workers in the sector. In Canada, labour-related expenses for …
David Henkes, a food service industry expert, lays out some scenarios about the future of restaurants. In this episode of Motley Fool Money, Chris Hill and Motley Fool analysts …
Before the COVID-19 pandemic, the restaurant industry saw an increase in delivery and takeout. According to a February 2019 study by The NPD Group, restaurants noted an annual growth …
How does COVID-19 affect the food industry? Currently, the greatest risk of spreading COVID-19 is through direct contact with an infected person or droplets from their …
The coronavirus pandemic has affected the economy and the International Monetary Fund has declared that we have entered a global recession. Aviation and tourism are …
The restaurant and catering industry is bleeding during the lockdown period that has been put in place to fight the spread of COVID-19. People are anxious about the survival of …
With COVID-19 driving increased drive-through traffic, service times increased dramatically and customers would give up. ... White tablecloth restaurants are dead in the …
To contain the pandemic of coronavirus (COVID-19), social distancing, self-isolation and travel restrictions have been imposed globally. To shed light on how COVID-19 is …
The hospitality industry has been hit hard by the COVID-19 pandemic. CRBE predicts that 2020 will be the worst year on record for hotel occupancy, due to stay-at-home …
Resilience360 predicted that as a result of COVID-19, meat supplies at U.S. grocery stores were expected to shrink by 35% by the end of 2020, with prices spiking 20% or more as a …
They recently completed a reverse merger, so they're a public company now. They're well-capitalized; $400 million, $500 million of cash on their balance sheet right now. …
The COVID-19 pandemic measures have changed how we obtain food, whether from restaurants or for our own cooking at home. It has exposed weaknesses in the supply …
The COVID-19 pandemic has adversely affected and could continue to adversely affect our financial results, condition and outlook. Health epidemics or pandemics can …
1. COVID-19 has placed unprecedented stresses on food supply chains. COVID-19 has imposed shocks on all segments of food supply chains, simultaneously affecting farm …
The COVID-19 crisis is still unfolding, consumers and food system players are still adjusting, and the growing season in many places has yet to hit full swing. But COVID-19 has …
Since December 2019, the outbreak of the COVID-19 coronavirus has had a devastating impact on the world economy. Fitch, the credit rating agency, predicts that there …
When people back on the COVID-19 pandemic, it will represent a turning point in history. As the outbreak put the status quo to the test, it became increasingly evident that …
The restaurant and hospitality industry has suffered a particularly hard blow because of the customer shortage caused by the lockdown across the United States. The …
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