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The COVID-19 pandemic affects the global food industry as governments close down restaurants and bars to slow the spread of the virus. Across the world, restaurants' daily traffic dropped precipitously compared to the same period in 2019. [1] Closures of restaurants caused a ripple effect among related industries such as food production, liquor ...
According to the industry research company IBISWorld, there were more than 200,000 fast-food businesses in the United States as of 2023. Survey findings published in 2018 also revealed that 36.6% ...
The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category. Within a week after the first closures, industry groups representing independent restaurateurs were ...
Nando’s PERi-PERi North America CEO John Fisher joins Yahoo Finance’s Seana Smith to discuss how the fast food chain is performing amid the coronavirus outbreak and the steps it is taking to ...
Fast food is a commercial term, limited to food sold in a restaurant or store with frozen, preheated or precooked ingredients and served in packaging for take-out or takeaway. Fast food was created as a commercial strategy to accommodate large numbers of busy commuters, travelers and wage workers. In 2018, the fast-food industry was worth an ...
McDonald’s invested in a small, little-known Mexican chain called Chipotle in 1998. By 2005, McDonald’s owned 90% of the fast-casual brand.
The history of western-style fast food in China dates back to 1906, when "Yili's Fast Food Shop" (义利快餐厅) was established in Beijing as the country's very first fast food restaurant in the Far East of the Asia-Pacific region. [ 2] Rapid economic development, and the growth of global trade and cultural exchanges have accelerated changes ...
June 16 (Reuters) - While the origin of a spike in coronavirus infections linked to a big wholesale food market in China's capital is not known, officials have warned against eating raw salmon ...