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Food & Beverage Business Review - June - July 2021

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Food & Beverage Business Review

Food & Beverage Business Review Description:

Food and Beverage Business Review – This is a bi-monthly magazine covering the entire gamut of activities that define the institutional F&B business - from "Farm to Fork", right from agricultural produce and meat products to dairy, food processing & bakery, beverages, equipment, cuisine, marketing and other related issues. The magazine goes behind the scenes to give the F&B professional, information, news and features about the business. The objective of the magazine is to develop a proper institutional marketing synergy between Food & Beverage, Food processing, Foodservice & the Food Retail industry. The range of articles covers food service, processing, food retail, equipment, theme & design, technology, food hygiene, marketing and training etc. Partnering with vendors, the magazine informs the target audience of new developments thus saving their valuable time and money. The magazine reaches to individuals who have titles of chef, F&B Manager, menu planner, restaurateur, bartender, sommelier.etc. In the food service industry; channel buyers, category managers in major organised retail chain stores, importers and distributors.

इस अंक में

The pandemic has huge affect on foodservice industry since the restaurants and bars were ordered to close down by the governments. The open shut situation since the pandemic started has put the operators in a confused state. Should they continue to support the institution and its workforce or just surrender and close down? With restaurants not operating, has also caused a ripple effect on related industries such as food processing, imported foods etc.
According to a note released by HRAWI, over the last 15 odd months, various factors have resulted in massive financial losses due to the lockdown. Many restaurant owners said they could be forced to shut their businesses permanently in the absence of government support. Over 40 per cent of restaurants and hotels in the Maharashtra State have already closed permanently and a significant number of people employed in restaurants or hotels are moving away from this sector and are accepting lower wage jobs over uncertain wages due to constant closures. This is a dangerous trend for the future of the industry.
Restaurant owners are likely to delay bank loans, defer payments and sell properties if the third wave does hit. Most properties have cut salaries and laid off staff. Last year, the government extended guarantees on bank loans for small businesses including hotels and restaurants, as well as a moratorium on some bank loans through to the end of March. Some restaurant owners have already received notices from banks to repay these loans.
Restaurants are struggling to get back to their feet by gradually adapting to the new normal, as the lockdown is lifted in most Indian cities. It has once again reiterated the critical aspect of food safety and its increasing relevance in the food service industry. Today it is very important to learn and implement food safety and hygiene measures, and other SOP’s, once the businesses restart.

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