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The COVID-19 crisis has now reached a new critical phase where public health systems need to act decisively to contain the growth in new areas outside China. Undoubtedly, the key emphasis should be on containing and mitigating the disease itself. But the economic impacts are also significant, and many foodservice companies are trying to understand, react to and learn from this rapidly unfolding crisis.
There are different degrees of preparedness across our industry; to support you in your efforts we have compiled the following resources to keep you informed and in the know.
So far, 62% of consumers have taken some form of general action in response to the virus. The most common action, undertaken by almost 47%, is to have stocked up essential products. Read more in the link below:
GlobalData: Coronavirus Consumer Impact
The concern over COVID-19 will likely exhibit some, if not all, of these behaviors: the public will be advised to avoid large crowds resulting in less social interactions and leaving their home less frequently. Consumers are also expected to increase their use of 3rd party delivery apps with fewer in dining experiences. Here are a few resources to help you learn more about the impact on the foodservice industry.
Harvard Business Review - How Restaurants Can Survive Right Now
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