F&B industry fears looming 'correction'
On top of labour costs and price competition comes a lower foreign worker quota and possible pullback in consumer spending
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Annabeth Leow
Singapore
CUTS to the services sector's foreign worker quotas may be the latest blow to the food and beverage (F&B) services industry, which has come under pressure on various fronts.
While labour costs are a traditional bugbear, price competition is also a concern in Singapore's crowded market. And a possible pullback in consumer spending has emerged as a new fear, amid growing guidances for a worldwide economic slowdown.
