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...
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...
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,...
2020 was a challenging year for the Israeli consumer foodservice industry as the impact of the COVID-19 pandemic hit sales hard across all channels, categories and locations. The channels that experienced the worst impact were full-service restaurants and cafés/bars, while operators in travel, lodging and leisure locations faced the greatest...
2020 was a bleak year for Indonesia’s consumer foodservice industry as the negative impact of the COVID-19 resulted in dramatic declines in revenues and transactions volume across all channels, with most channels also witnessing declines in the numbers of outlets in operation as numerous independent establishments went out of business and...
Morocco’s consumer foodservice was recording moderate positive growth during the months preceding the arrival of the COVID-19 pandemic in the country. The situation began to change during the first quarter of 2020; however, it was the imposition of the strict quarantine lockdown in the middle of March that signalled the start of the industry’s...
The COVID-19 pandemic had a very negative impact on the Turkish consumer foodservice industry during 2020, with strong sales declines and plummeting transactions volume registered across all channels and widespread outlet closures seen throughout the industry. The most important direct impact of the COVID-19 pandemic on the industry was the...
In 2020, consumer foodservice recorded an overall negative performance as three major waves of COVID-19 hit the country, which affected consumers’ overall lifestyle shifts. The South Korean Government raised social distancing levels several times throughout the year along with the rapid emergence of COVID-19 cases in Q1, Q3, and Q4 2020, which...