Recipe for F&B growth in 2022
After a tumultuous 2 years, restaurateurs are better prepared for what's to come.
YOU can beat them, but you can't keep them down - the F&B industry, that is, which keeps coming back up every time Covid-19 takes a swing at them, despite howling in pain at each blow.
But as 2021 draws to a close, it seems like those left standing have finally come to terms with the pandemic, talking about opening new restaurants rather than closing, re-strategising instead of lamenting about unsympathetic landlords. It's not that there haven't and won't be casualties, but with the insatiable hunger of a domestic market for new dining experiences, fortunes will favour those who tick the right boxes.
In fact, 2022 looks set to be an exciting year for food lovers, with high-profile and new openings already in place and set to stretch over the next year. But get ready to spend more as restaurateurs concur that food costs are continuing to skyrocket - not just for premium ingredients but even the basics.
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