Record Losses Predicted for Foodservice Industry in 2009
Thursday, January 22, 2009(American Meat Institute)
Foodservice consultancy Technomic has
revised its 2009 foodservice industry forecast
downward to -2.2 percent and is now predicting
that 2009 will be the worst year for
foodservice since it began tracking performance
in 1972. The firm cites further
contraction in the economy, a continuing
slowdown in consumer spending and accelerating
job losses as reasons behind the
decline.
Additional details on
Technomic’s current forecast for all major
U.S. foodservice segments can be viewed at
their Web site, www.technomic.com/facts/forecast.html.
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