Due to the outbreak of COVID-19 in 2020, the government put a lockdown period in place during March, which required the closure of schools, offices, public places of interest, and limited foodservice players to takeaway and delivery options only. The closure of dine-in foodservice experiences meant that all types of outlets and players recorded...
Egypt’s economy continued to witness solid growth in 2019 supported by increased government spending, improved ease of doing business and low interest rates. Furthermore, the country’s tourism industry continued on its path to recovery thanks to the weak Egyptian pound and government efforts to increase security in the country. These factors...
The Russian economy in 2020 came under the powerful influence of two negative factors at once: the rapid spread of the Coronavirus (COVID-19) pandemic and its detrimental effect on the global economy; as well as the collapse in oil prices in Q1. Consequently, the national currency depreciated significantly against the US dollar and the euro....
Consumer foodservice saw a massive current value decline in 2020, after many years of solid growth, as COVID-19 put huge negative pressure on the industry in this year. Lockdowns in the spring and autumn meant all consumer foodservice outlets had to close, except for takeaway and home delivery. Some outlets decided to keep their businesses...
Consumer foodservice was negatively impacted by the COVID-19 virus in 2020, with the economy in Italy being severely hit by the government’s lockdown and restrictions across the year. The initial lockdown from March to May 2020 disrupted consumer foodservice by imposing the closure of outlets across the country. In response to this challenge,...
The government announced a nationwide state of emergency on 7 April 2020 in response to COVID-19, asking non-essential retailers and foodservice outlets to voluntarily close or to shorten their operating hours to help prevent the virus spreading. This covered not all, but most of the large cities in Japan with large and dense populations. Bars/pubs...
The North America vertical farming crops market is expected to grow from US$ 88.52 million in 2019 to US$ 250.23 million by 2027; it is estimated to grow at a CAGR of 13.9% from 2020 to 2027 Vertical farming is the production of plants grown in vertical layers or, stacked horizontal, or in three-dimensional configurations. Most of the commercial...
COVID-19 had a direct and severe impact on consumer foodservice sales in Germany in 2020. To limit the spread of the virus, the German government imposed varying levels of restrictions on dining in restaurants starting as early as March 2020. Restrictions ran in some form throughout the rest of the year, and are widely expected to continue...
Consumer foodservice was one of the most severely damaged areas of the economy in Slovakia in 2020. The government-mandated closure of foodservice outlets, except for takeaway and home delivery services, in March and April and then in October to December, had a severe impact on foodservice businesses. Not all operators were able to switch...
COVID-19 had a devastating impact on consumer foodservice in Hungary in 2020, with overall current value sales and transactions plummeting and total outlet numbers also declining sharply. From mid-March to mid-May, operators in all categories saw demand fall dramatically as public health measures adopted to curb the spread of the virus restricted...