New business confidence survey launched this weekend

As the country enters another week of lockdown, what is the mood among the leaders of Britain’s pub, restaurant, bar and café companies? How widespread are concerns about furloughed staff, Government payments, loans and rent? And what else is on the minds of operators? Is it too early to start planning for a post-lockdown return to business? How many are already mapping out options? These are some of the vital questions that will be asked in the latest CGA Business Confidence survey, run in conjunction with technology specialists Fourth that will land in leaders’ inboxes this weekend.
     

Food and beverage inflation low but pricing uncertainty looms

Foodservice pricing reached its lowest point for 12 months in February 2020 with the majority of food and beverage categories showing no or minimal year-on-year inflation, the latest edition of the CGA Prestige Foodservice Price Index reveals. However, with the global COVID-19 pandemic now causing major disruption to global supply chains, and prompting shutdowns of some industries and consumer sectors worldwide, it is likely that pricing will be volatile in the coming months.
     

New E-learning platform for hospitality workers launched

Hospitality trade body UKHospitality and learning and development provider CPL Learning have launched an online training platform for hospitality team members.UKH Pathway is free to use while hospitality businesses remain closed due to the COVID-19 crisis, and provides access to learning, wellbeing and personal development resources for furloughed employees.
     

Take-out switch still leaves US restaurants under pressure

As bars and restaurants across the United States close or significantly reduce their operations in the face of the COVID-19 pandemic, businesses have switched focus to take-out food and drink. Before the outbreak, take-out accounted for 11% of spend in US restaurants, but latest figures from Nielsen CGA’s RestaurantTrak dataset shows that for sites still operational, take-out sales grew 110% in the week ending March 28. Consumer research conducted by Nielsen CGA in the four major states, New York, California, Illinois and Florida, revealed that 66% of people say they have ordered a take-out or delivery in the past two weeks. Nonetheless, even for those restaurants and bars that have been able to stay open, overall sales still fell 77% in the same week.