Forty-two percent of consumers have indicated that they will cut back on non-essential spending, marking more challenges for the foodservice industry, according to a First Insight report.
“The effects of the pandemic are still driving consumers’ spending priorities today,” said Greg Petro, CEO of First Insight, in a statement. “With pandemic restaurant closures followed by limited reopenings because of the Great Resignation, dining out has become much less of a habit for many consumers today. At the same time, millions of pets were adopted during the pandemic and consumers have decided that the happiness of their pets is far more important to them than eating out. These shifts in consumer spending will continue to evolve for the next several years, disrupting many industries in profound ways.”
at Specialty Food Association.