Foodservice consultancy Technomic has revised its 2009 foodservice industry forecast downward to -2.2%. And is now predicting that 2009 will be the worst year for foodservice since it began tracking performance in 1972.
The firm cites further contraction in the economy, a continuing slowdown in consumer spending and accelerating job losses as reasons behind the decline.
Additional details on Technomic’s current forecast for all major U.S. foodservice segments can be viewed at their Web site, www.technomic.com/facts/forecast.html
Source: AMI-American Meat Institute