Packer Insight – Focus on Foodservice
Packer Insight 6-21-21
The Packer's editor-in-chief Tom Karst, retail editor Ashley Nickle and Northeast editor Amy Sowder discuss the return of foodservice in the latest episode of Packer Insight.
Foodservice sales exploding — Restaurant and bar seasonally adjusted spending in May totaled a record $67 billion, up from $66 billion in February 20, said Michael Swanson, chief agricultural economist with Wells Fargo.
East Coast foodservice demand picking up — Wholesalers say foodservice demand is picking up — bit by bit, not in the same way, or some even say to near pre-COVID-19 levels.
Foodservice, retail see growth amid higher consumer spending on food — How the food dollar ultimately splits out between foodservice and retail remains to be seen, but right now both channels are experiencing growth.
