The Food and Beverage Industry is Internet-proof: Report

Total global food-service spending is projected to grow by 13 percent over the next five years, resulting in some $359 billion in incremental value, according to JLL’s Food-Service Trends 2019 report, featured at ICSC’s Food for Thought Conference, in New Orleans.

Last year nearly 75 percent of food-service spending occurred at dine-in restaurants, but the rise of online food ordering globally — which is projected to reach about $365 billion by 2022 — is creating competition for the food-service industry, driving innovation and experience.

Read the full report here

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SCT Week Mon, 04/29/2019 - 08:27