The NPD Group: Restaurant Industry Witnesses Stability Following Myriad of Headwinds
A pandemic, labor shortages and record inflation are just a few of the challenges that the foodservice industry has faced since early 2020.
The industry persevered and The NPD Group believes calmer seas may be ahead. Findings from The NPD Group show that U.S. commercial foodservice customer traffic to restaurants and other foodservice outlets ended 2022 flat compared to a year ago. Consumer spending at foodservice outlets was up 4%, thanks to higher prices.
“Looking forward to 2023, we anticipate improvements in supply chain disruptions, inflation deceleration...
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