Technomic Forecast Shows Improvement in Foodservice Industry


CHICAGO — While the economy has entered full recovery mode in Canada, the bounce-back south of the border is happening at a much slower pace. But there’s good news for U.S. foodservice operators — who have spent the past 18 months worrying about how they are going to keep their businesses afloat — things seem to be getting back on the right track.

A new report by Chicago-based Technomic is citing better-than-expected performance in several foodservice segments and, therefore, it has adjusted its 2010 U.S. foodservice industry nominal growth forecast upward from a decline of 1.6 per cent to positive growth of 0.6 per cent.

“The most significant changes are in the commercial sectors, with full-service restaurants, hotels and recreation, in particular, showing better-than-expected improvements,” said Joe Pawlak, Technomic vice-president, in a press release. “The limited-service restaurant segment is also up slightly over earlier estimates.”

Technomic’s services include numerous publications and digital products, as well as proprietary studies and ongoing research on all aspects of the food industry. Its revised forecast strongly hints that the industry’s bottoming out has ended. “There are definitely signs of improvement,” said Pawlak, “although the recovery will be slow going forward.”

Click here, for additional details on Technomic’s current forecast for all major U.S. foodservice segments.

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