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I've spent this morning on a number of calls and webinars discussing the #global #restaurant market and the outlook for 2020 and beyond. I thought I'd collect some thoughts on where we @Technomic see the business going.
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First, in North America: our midpoint scenario analysis for US #restaurants is a decline in consumer spending of 22% in 2020. Canada's outlook is a bit worse, with our midpoint expectations at -26% decline. #Delivery and #takeout has been key for operators in these markets.
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Latin America will be harder hit than N America; lockdowns have been significant and economies are generally weaker to begin with. We forecast the midpoint decline for #restaurants in Argentina, Colombia, Brazil, Chile and Mexico will be down ~40% in spending in 2020.
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