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US Newly Minted Home Chefs Mark Another Blow to U.S. Restaurants

16:41  07 july  2020
16:41  07 july  2020 Source:   bloomberg.com

More than 500,000 people worldwide have now died from the coronavirus

  More than 500,000 people worldwide have now died from the coronavirus A half-million people have now died from COVID-19 worldwide, and the death toll has doubled in just over seven weeks.That grim milestone – marked Sunday by Johns Hopkins University – is particularly unsettling given warnings by health experts that the pandemic is still in its infancy.

(Bloomberg) -- Here’s more bad news for restaurants: Many Americans who cooked more at home during the pandemic aren’t planning to stop.

Nearly a third of U.S. adults said they plan to cook at home even more than they do now once stay-at-home recommendations have lifted, a blow to an already limping food-service industry that had hoped consumers would return in droves. Only 7% plan to cook less once the economy fully reopens.

Younger people in particular see themselves spending more time in the kitchen post-Covid, according to a survey of 2,200 Americans conducted by Bloomberg News and Morning Consult. A full 43% of Gen Z respondents, or those born in 1997 or later, said they planned to cook at home more after the virus versus just 9% who said they’d cook less. The remainder said their eating habits would be little changed or had no opinion.

NY, NJ May Delay Reopening Phases as Covid Spikes Across Country

  NY, NJ May Delay Reopening Phases as Covid Spikes Across Country The governors of New York and New Jersey said on Monday that they were so alarmed by a surge in coronavirus cases in the South and West that they were reconsidering plans to allow indoor dining in the two states in the coming days. Gov. Philip D. Murphy of New Jersey said that plans to allow indoor dining to resume on Thursday would be postponed “indefinitely.

a screenshot of a cell phone: Cooking Conundrum © Bloomberg Cooking Conundrum

The trend points to a sobering reality for restaurants, and a potential windfall for packaged-food manufacturers, with the pandemic threatening to permanently alter the way we eat. Capacity restrictions were already a burden on restaurants creeping toward reopening, many of which now face a second round of closures as virus hot spots resurface around the country. One in ten eateries may may never recover.

In an earnings call last week, packaged-foods manufacturer General Mills Inc. said the speed that diners return to restaurants will be the largest factor impacting its performance this year. The company has seen a resurgence of its homiest brands, like Betty Crocker, as cooks new and old spend more time in the kitchen.

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©2020 Bloomberg L.P.

More than half of all states, including California and Michigan, pause reopening or take steps to halt the spread of COVID-19 .
Governors and other state leaders continue to grapple with plans to reopen their economies – or slow them down again – amid a severe uptick in cases.Governors and other leaders in states including California, Texas and Michigan continue to grapple with plans to reopen their economies – or slow them down again – amid this severe uptick in cases. Twenty-five states have taken action to cut down on skyrocketing COVID-19 cases.

usr: 1
This is interesting!