There have been many external environmental factors which have impacted global industries over the past several months. The Global foodservice industry has seen resilience and improvement during this time. This article highlights the third quarter success of this industry through statistics like GDP as well as insights from expert executives in the industry.

Key Takeaways:

• Given the challenging economic climate in Brazil where the GDP dropped nearly 4 percent in the quarter, foodservice visits declined by 7 percent.
• Australia, which has enjoyed nearly a generation of economic growth, out-performed all other global foodservice markets in terms of traffic growth.
• Although its macro economy is improving, a rise in China’s consumer price index slowed the development of its foodservice market and traffic dipped by one percent.

“Quick service restaurants again drove the growth of the European food service markets in the third calendar quarter of 2016.”

https://www.qsrmagazine.com/news/global-foodservice-industry-improves-despite-turmoil