The Effect of the Increase in Delivery Demand on Restaurants: Supply and Demand Developments for Food Delivery
Foodservice delivery has clearly emerged as one of the main winners from the Covid-19 pandemic. Global delivery sales were up 30% in 2020, with even stronger growth in North America and Europe – in the US, delivery’s share of foodservice sales doubled to over 15%. Even as delivery takes a breather in 2021 as dine-in rebounds, we expect solid growth to resume in 2022/23, lifting delivery sales to 40%-80% above 2019 levels in most markets.Read more
In many countries, including those in Europe and North America, Covid-19-related disruptions remain the most relevant driver of foodservice performance in the near term, as sales and foot traffic trends remain well-below pre-Covid levels. Notably, China, which is ahead of the curve in terms of both virus outbreak and containment, could be a potential indicator of the likely speed and scope of the foodservice recovery as the virus subsides.Read more
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