November 2, 2020

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:

  • U.S. Industrial Production and U.S. Total Retail Sales are expected to reach business cycle lows in the first half of 2021, with the ensuing business cycle rising trends extending into the first half of 2022.
  • U.S. Food Services and Drinking Places Retail Sales were 2.8% above the forecast range in September. However, rising COVID-19 cases, coinciding with the onset of winter, increase the risk of a second set of wide-spread shutdowns. This leaves the sales forecast set to decline into early 2021, then rise through 2022.
  • Indicators are signaling that the U.S. economy is in a good position to recover, but the pandemic may throw it off course if new lockdowns are ordered.
  • Utilize any downtime afforded by lower economic activity to train and prepare for the upcoming rising trend, such as by implementing technological improvements to ensure you are competitive on quality and price. Consider your capacity needs for 2021; take advantage of low interest rates to invest in the equipment and technology necessary to accommodate future growth.

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


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Watch the recording of our Economic Outlook 2020 and Beyond webinar from 12/4/2019.

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