The Food Chain - What next for restaurants?
Download What next for restaurants?
Lockdowns around the world have seen many restaurants close overnight, but how many will be able to re-open once restrictions are lifted? And if so, what will they look like? Graihagh Jackson hears from a top New York chef and a London food writer how an existing culture of high rents, razor-thin margins and low-paid workers has plagued the industry leaving many vulnerable to permanent closure. Could this forced break be a chance to ‘reset’ for the better? A strategist explains how restaurants need to completely re-orientate their business models to weather the storm and keep their suppliers in business in the process. Plus, a veteran franchise investor explains why - contrary to many others - he is excited about the opportunity this time of huge change could bring.
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(Picture: Man arranges single table outside his restaurant in Rome. Credit:EPA/FABIO FRUSTACI/BBC)
Published on Wednesday, 6th May 2020.
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