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The food system, including food service and food retailing supplied $1.24 trillion worth of food in 2010 in the US, $594 billion of which was supplied by food service facilities, defined by the USDA as any place which prepares food for immediate consumption on site, including locations that are not primarily engaged in dispensing meals such as recreational facilities and retail stores. [2]
The UK Food Standards Agency describes it as "the whole food industry – from farming and food production, packaging and distribution, to retail and catering". [2] The Economic Research Service of the USDA uses the term food system to describe the same thing, stating: "The U.S. food system is a complex network of farmers and the industries ...
In Delaware and Massachusetts, one in ten workers is employed in the restaurant industry. [6] [7] In North Carolina, 11% of workers are employed by the industry. [8] In Texas, 12% of workers were employed by the industry as of 2016. [9] The effect of the 2020 coronavirus epidemic was in March 2020 projected to be $225 billion in losses. [10]
UBS: Online food delivery market will grow from $35 billion globally today to $365 billion by 2030. The growth will be fueled by the rise of online grocery shopping, meal prep kits, and online ...
Social media on the other hand has made food execs question the role of traditional advertising. By creating foods that are seemingly difficult to ignore, the products can go viral.
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
Strategic Group Analysis (SGA) aims to identify organizations with similar strategic characteristics, following similar strategies or competing on similar bases. Such groups can usually be identified using two or perhaps three sets of characteristics as the bases of competition. Examples of the SGA: Extent of product (or service) diversity.
A US food retail trade group advised retailers to accelerate ordering and consider rationing to prevent empty shelves. [8] Food retailers were "among the most affected by the coronavirus, but one of the few businesses that might actually benefit," at least in the short term according to the television channel Cheddar. [9] Some areas saw price ...