With stores forced to shut down worldwide due to COVID-19, many food, beverage, and restaurant businesses feared they would have to close their shutters for good. But, thankfully, it’s not all bad news.
According to a Euromonitor report , the food and beverage industry will be a bright spot for business growth in 2020. While the growth may be marginal, it’s a reason for owners of food retail businesses to be positive and get creative. And, there’s even more good news: In a recent interview by food innovation lab Mattson, half of the companies believe they’ll emerge stronger following the epidemic.
However, your company’s success will depend on your actions. Here, we explain strategies that your food, beverage, or restaurant business can take to grow in 2020 and beyond.