Foodservice bosses predict tougher trading environment in 2009

06 January 2009 by
Foodservice bosses predict tougher trading environment in 2009

Two-thirds of operators within the foodservice sector expect the already challenging trading environment to get worse in the next six months, research has found.

The Senior Executive Top of Mind Survey, by research group Allegra Strategies, surveyed 250 senior executives at companies including Punch Taverns, McDonald's, Compass Group, Sodexo, Caffè Nero, Wagamama and Gordon Ramsay Holdings, as well retailers and suppliers.

Two-thirds of those surveyed said they were already experiencing a challenging trading environment, with more than half stating trading performance had deteriorated in the last quarter of 2008.

Of those surveyed two-thirds predicted that the situation would get worse in the next three to six-months, while 75% believe that economic recovery within the UK will take more than a year.

The economic downturn is the single biggest concern for businesses (55%), with rising food costs (48%) and declining consumer spending (39%) also identified as major challenges.

Innovation, customer service excellence and cost control are key to success in the current environment, according to the survey's respondents.

Although two-thirds believe the London Olympics 2012 will provide substantial business opportunities for the sector, the current trading environment means few companies are presently dedicating resources to it.

F&B sales at Malmaison and Hotel du Vin down in 2008>>

Hoxton Hotel chain pushed back due to economic downturn>>

JD Wetherspoon price cuts come under fire>>
Contract catering predictions for 2009>>
Hotel predictions for 2009>>
Restaurant predictions for 2009>>

By Kerstin Kühn

E-mail your comments to Kerstin Kühn here. jobs
Looking for a new job? Find your next restaurant job here with jobs

The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking