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GlobalData
GlobalData

Foodservice

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UK customers expected to continue supporting local stores post-COVID-19 as 35% of consumers say it is more important than before, says GlobalData

As high streets in the UK are re-opening, consumers who have been missing their favorite chains such as Starbucks and McDonald’s got the good news that many of these big players will be using the government’s VAT reduction scheme to pass on the savings to the consumer. Consumers who are concerned about finances will be […]
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‘Insperiences’ key to US foodservice recovery as 22% of consumers say they will stop eating dinner out-of-home due to COVID-19, according to latest research by GlobalData

· US foodservice revenues expected to fall by over 35%, from $760bn in 2019 to $490bn in 2020 with full recovery not anticipated until after 2023 due to COVID-19 · 22% of US consumers say they will stop eating dinner out-of-home and 20% confirmed the same sentiment for breakfast · 25-44 year olds are a […]
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Nestlé’s D2C sales strategy could boost customer loyalty post-COVID-19, says GlobalData

Nestlé’s direct-to-consumer sales strategy, beginning in Spain this week, could be an opportunity for the brand to profit from lockdown and pre-empt future market disruptions, allowing the company to sell its products without the influence of retailer relationships. If the move is successful, other brands may also follow suit as providing convenience during the pandemic […]
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Passing on VAT savings may offer lifeline to large foodservice players by offering respite to families and promoting ‘affordable luxury’, says GlobalData

Following the news that Starbucks and McDonald’s has promised price reductions after the UK Government’s announcement to cut VAT in the hospitality industry from 20% to 5%; Yamina Tsalamlal, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “To the quarter (23%) of UK consumers saying they are extremely concerned about […]
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Bleak Outlook for Foodservice as a Third of Global Consumers Say Given the Choice They Will Work from Home Post-pandemic, Says GlobalData

LONDON, July 13, 2020 /PRNewswire/ — Lockdown has created a work-from-home-revolution and with almost a third (*31%) of global consumers confirming that they do not plan to return to the office post-pandemic, we are set for a new revolution in consumer behavior, according to GlobalData, a leading data and analytics company. Some sectors of the global foodservice […]
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Foodservice must find new way to tap ‘experience economy’

Whether you enjoyed the drive-thru at McDonald’s or sitting down at a neighborhood bistro, the experience plays a big part in the foodservice industry. However, in the current climate, where health and wellbeing are high on people’s minds, consumers have new priorities. If foodservice wants to survive, it will also have to change, says GlobalData, […]
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Carluccio’s still needs to withstand COVID-19 crisis as restaurant industry is set to experience sharp downturn

Following today’s news (Friday 22 May) that British billionaire Ranjit Singh Boparan bought the Carluccio’s brand of restaurants, along with 31 other outlets; Hakan Demirci, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on the chains current challenges: “News that Carluccio’s has been saved by the billionaire Boparan may be […]
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