January 20, 2021

This quarterly report by IFDA and ITR Economics provides macro-economic trends, detailed information on leading economic and industry indicators, and projections that assist foodservice distributors with strategic business planning. Each report includes exclusive analysis of what the current situation and predictions mean to distributors.

In the latest issue:

  • While continued pandemic restrictions make recovery uneven, economic indicators point toward growth in 2021 and beyond.

  • U.S. Personal Consumption Expenditures at Restaurants and Drinking Places are forecast to continue to decline in the near-term due to pandemic restrictions and winter weather, but are expected to enter the recovery phase in the first half of 2021 and rise through at least 2023.

  • Retail Sales at Food Services and Drinking Places were hit hard in 2020, but are projected to start recovering and show strong growth in 2021.

  • Business leaders are encouraged to identify how customer preferences have changed during the pandemic and ensure online platforms and services are aligned.

  • Business leaders should also ensure that equipment and systems are set up for growth, as capital purchases lead times and prices are likely to increase.

Price: Free to all IFDA members as an exclusive member benefit.

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