According to an analysis by Buyers Edge Platform, a restaurant supply-chain company, restaurants are now spending 38 percent more just on food costs alone.
While others were asking their employees to leave, Out of The Blue created a safe bunk yard for all their employees to stay with them in the safest premises that would safeguard their health and also guests.
No support to the hospitality industry ever and ever is very devastating. Industry is at its recovery stage and no reforms at all means no relief at all.
What this translates into when it comes to fundraising is that the investment interest & intent runs high where technology is playing a critical role across business functions as much as feasible and viable.
There will also be a paradigm shift in food consumption as people are looking at healthier choices with with 45% of young adults making healthier food choices by 2021.
The sector also demanded a policy to reduce food wastage where the industry should move into adoption of frozen food to reduce food wastage and to preserve nutrition.