April 03 2020

[Reposted Article from HimShopper.com]: "SHUT UP SHOP OR ADAPT: HOW FOODSERVICE BRANDS ARE RESPONDING TO THE CORONAVIRUS OUTBREAK"

Photo by Tim Mossholder on Unsplash

With widespread closures of restaurants across the UK, a lot of talk surrounding the response these businesses should have has followed.

This is a critical time for everyone, especially smaller businesses, and despite the Government subsidies being offered to employees of companies who have temporarily closed, many businesses are taking different approaches to adapt to changing conditions.

HimShopper.com carried out analysis on the response from businesses; they included 390 brands from a variety of sectors, from bakeries to bars.

They reported that over half of these businesses have closed, yet a more interesting reporting was how certain restaurants are adapting.

Deliveroo has taken measures to speed up the cash flow to businesses, so they now should receive their income within 24 houra of an order, and fast food business 'Leon' has adopted a temporary business model, operating as:

"‘mini supermarkets’, offering meals and groceries, as well as other essential supplies to consumers."

- HimShopper article, 26/03/2020

The disruptions have raised concerns surrounding how businesses will continue to adapt, and what kind of impacts will occur if the closures and COVID-19 outbreak continues for longer than predicted.

As many businesses face challenging financial situations as the disruptions persist, it is important that foodservice businesses look for unconventional methods to push sales and keep providing their products in any way they can.

*Read the full article: *https://www.himshopper.com/pulse-updates/shut-shop-or-adapt-how-foodservice-brands-are-resp/

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