This report examines the short-and medium-term economic and profitability outlook for Canada’s Food Services Industry.
Canada’s Food Services Industry: Industrial Outlook Summer 2012
Canada’s Food Services Industry: Industrial Outlook Summer 2012
Industry Economic Analysis
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- Consumer Confidence—Consumer confidence remains well below its prerecession levels and, in fact, has lost ground in recent months. Confidence has a strong impact on discretionary spending, and the weakness is limiting spending growth at restaurants.
- Food Prices—Rising agricultural commodity prices, particularly for wheat and corn, will bring additional cost pressures to the industry.
- Technology Adoption—New technologies, such as social networking and Wi-Fi access for customers, can help to increase traffic and boost operational efficiencies.
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