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...
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...
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...
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...
Despite Sweden not implementing strict lockdown periods, the outbreak of COVID-19 reduced tourism, both domestically and internationally, leading to a decline in sales for consumer foodservice. In addition, activity suffered as dine-in experiences saw a severe decline, with consumers fearful of socialising in public, while limitations on guest...
Consumer foodservice suffered deep losses in Norway in 2020 due to the COVID-19 pandemic and the restrictions introduced to combat contagion. Although a national lockdown was not introduced in the country, strict restrictions forced several channels to temporarily close their doors over the March to May and November to December 2020 periods....
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...
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...
Consumer foodservice in Ukraine suffered from a dramatic drop in foodservice value sales across all categories in 2020 due to the strict measures imposed in the country to prevent the spread of COVID-19. Consumer foodservice outlets in Ukraine were forced to close their doors completely in the Spring of 2020 and, in Autumn 2020, there were...