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Will Retail and Dining be Changed Forever?

FoodInstitute_06-11-20

The Food Institute – 06/11/20

Eighty-three percent of C-level executives feel that retail and dining will be changed forever, according to Cambridge Retail Advisors.

Most believe there will be an accelerated increase in online commerce, especially for grocery and restaurants. Fifty-six percent said it is likely or very likely that consumers will move exclusively to buy online, pickup in store, or use curbside. Online sales have long been predicted to eventually level off around 30% to 40% of total sales, but the pandemic accelerated the curve and took about three to five years out of the digital evolution.

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