The Canadian Chamber of Commerce has launched the National Food Services Working Group to address the economic challenges of the food services industry. With approximately 98,000 food service establishments in Canada, the industry is integral to economy vibrancy in communities.
Before the start of the COVID-19 pandemic, Canada’s food service sector was a $93 billion industry that directly employed 1.2 million people. The industry has lost 800,000 jobs and is on track to lose as much as $17 billion in sales over the second quarter of 2020 due to the impacts of COVID-19. In addition, the sector is a vital end-user for Canadian agriculture producers and food processors, thereby compounding the economic impacts in other sectors.
The working group will focus on ensuring the benefits of the wage subsidy and rental assistance programs materialize for a sector that has been hard hit, and that will likely be one of the last sectors to recover as restrictions ease. The food service industry’s needs are unique with the combination of thin margins and practical challenges to maintain physical distancing protocol.
To read more about it and see the members of the Working group, click here.