RaboResearch has prepared a report on the food service sector authored by Maria Castroviejo, Michelle Huang and Amit Sharma, Senior Analysts for Consumer Foods. The authors consider that COVID-related disruptions will continue to influence food service sales over the intermediate term.
Recovery of the sector will depend on the protection and durability of vaccination, government stimulus and stable costs for ingredients and labor. The food service industry will face numerous challenges and many businesses will not survive. Trends that will influence recovery include the cost and convenience of home delivery, continued work-from-home patterns with sustainability and efficiency serving as significant factors influencing long- term transformation of food service.