UK Equipment Pros Offer Gloomy Outlook

markus-winkler-IrRbSND5EUc-unsplash-1

Foodservice Equipment Association, the United Kingdom’s trade association for equipment manufacturers, importers, distributors, resellers and service companies, released the results of cross-section survey of its members.

The results of the “State of the Market” survey indicate that respondents predict more second-hand equipment sales, more online sales, and a lack of cash. It also saw that although companies predict a greater second-hand market. And they also believe that the number of maintenance and service engineers will be reduced.

 “If there is a move towards service and more repair, obviously engineers are needed to do that. It’s going to be critical that we hold on to their knowledge and experience throughout this process” FEA chief executive Keith Warren told Specifi’s audience during the  ‘Ready for the Reinvention’ webinar.

Other survey results included     
 

  • Manufacturing output was the lowest on record.
  • 20% companies have furloughed at least a quarter of its staff.
  • 37% of manufacturers do not expect trading conditions to return for at least 6 to 12 months.
  • The association estimates the foodservice industry in the U.K. contracted by one-sixth between January and March. The reasons include Brexit

The full report is available on the association’s web site.

RELATED CONTENT

Front of the Houe 1200x800 1

Greenwald Sales and Marketing To Represent Front of the House

Greenwald Sales and Marketing is now representing Front of the House.

National Restaurant Association 1200x800 1

Restaurant Job Growth Stalls After Increasing Most of the Year

For the first seven months of the year, the restaurant industry saw gains of nearly 200,000 jobs a month, but that growth appears to have leveled off in August and...

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -