COVID-19 has accelerated foodservice trends

15
Jan
2021
News - COVID-19 has accelerated foodservice trends #coronavirus #Coverpoint #F&B #foodservice #report #retail

by Property Forum | Retail

The effects of COVID-19 have caused an acceleration in foodservice trends which are set to continue long after the pandemic has been brought under control, according to a new report by Coverpoint Foodservice Consulting.


The report points to some of the new and innovative ways in which operators have reached their customer base, and examines how the challenges of the pandemic have offered the opportunity to refocus portfolios and search out new revenue streams – many of which will continue to be relevant in a post-COVID world.

The report, released this week, is the fifth annual foodservice trends book from specialist consultancy Coverpoint, and analyses the industry from three perspectives, the customer, supply and the marketplace.

The Director Team at Coverpoint said: “Many of the foodservice trends we have seen in the last few years have accelerated in response to the challenges of the pandemic. Pivot, agility and innovation are all buzz words to facing down the COVID-19 threat and many of these new ideas are here to stay.”

They said an increased customer focus on wellness along with a shift in values and need for connection had been reinforced during 2020, while both the physical and online marketplaces had continued to develop alongside the operator and customer needs for experience and function.

They said: “Customers have realised the enjoyment of space and privacy resulting from the COVID restrictions on the foodservice industry and have felt hygienically safer in many of the environments. Simple and obvious things like contactless payment and restaurant outdoor space taking over from busy roads have increased during the pandemic but seem to make sense for the future too.

“The world is now filled with ASMR sizzling chicken websites and carbon footprint labelled menus, not to mention plans for Las Vegas’s first non-smoking, non-gambling hotel dedicated to wellbeing. Drive-throughs, whilst not new, are on the increase and ‘dark kitchens’ are seeing big investment.”

The Team said the report showed many reasons to be optimistic about the future and demonstrated a resilience and ability to change that had been ever-present in the industry.

They added: “It’s been a pretty appalling 2020 in terms of the global foodservice industry and many have questioned whether it will ever fully recover. However, a look at foodservice through the centuries would indicate that it will bounce back, return, recover and - most importantly - rejuvenate. From the effects of the French Revolution to Prohibition in the US, the industry has shown how it can rise again, but often with distinct changes.”




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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