On Wednesday 29 July 2020, FCSI broadcast the second entry in a series of live and interactive webcasts addressing how the foodservice sector is recovering in major regions of the world. Focusing on Latin America, the latest webcast – supported by Wood Stone Corporation – was presented by GlobalData’s consulting director Mark Dempsey and hosted by Michael Jones, editorial director of FCSI’s Foodservice Consultant magazine via Livestorm.
The webcast, limited to the first 100 registrants to sign up for it, explored foodservice trends and inspirations across Latin America, and assessed how the lockdown has affected its major countries and sectors.
You can watch a video of the full webcast below:
Global and local appeal
The webcast received registrants from all across the Latin America region including: Argentina, Brazil, Chile, Colombia, Costa Rica, El Salvador, Mexico, Peru, Puerto Rico – as well many from the US, Canada, Germany and the UK; plus Malaysia, India, South Africa, Italy and Belgium.
While the webcast very much accentuated the positive and identified a number of examples of foodservice operators in Latin America who have successfully pivoted their business models and adapted to the impact of Covid-19, Dempsey was clear that it remains a “bleak” picture for much of the sector. “Even some of the most prominent brand operators in Latin America are declaring significant losses and have had to think about closing stores,” he said.
“In Latin America it’s certainly true that some of the biggest challenges have come in the second quarter of 2020. It makes us wonder if recovery in Latin America in Q3 and Q4 may actually be slower than in other parts of the world,” said Dempsey.
“But we would expect the smaller operators, such as tea and coffee shops and QSRs, to be the fastest to recover. They are the most likely to be able to manage social distancing and a core basic range. The value players may find they have the fastest recovery.”
If you would like a copy of Mark Dempsey’s presentation, please contact him directly and he will be happy to send you one.
The next live FCSI webcast, focusing on the North America region – again supported by Wood Stone Corporation – and presented by Dempsey, will be broadcast in August. Details for the timing of this will be published on this website shortly.
Meanwhile, please check out the previous FCSI webcast on The Future of Foodservice in EMEA, here.