COVID-19 impact on Foodservice - Verdict Foodservice
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COVID-19 impact on Foodservice

The COVID-19 outbreak has now spread around the world, leaving a trail of destruction in its wake. The pandemic has already changed how we work and how we live our lives. Many of these changes will have long-term implications. Companies in every sector, including Foodservice, will need to adopt new technologies and new ways of working as they adapt to these new realities.

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Covid-19 Delta variant outbreak to impact Yum China’s quarterly profits

More than 500 Yum China stores in the country were either closed or offered only delivery services last month.

Deal trends in the Foodservice sector during COVID-19

Verdict Foodservice’s COVID-19 deal tracker monitors deals that took place across the Foodservice sector during the pandemic.

Deals trends in the Foodservice Sector: Q1 2020 – Q2 2021

580 Private Equity

Total Value US$m: 109,642.9
YOY Change: 617.3%

387 Debt Offering

Total Value US$m: 163,472.1
YOY Change: -43.2%

114 Partnership

Total Value US$m: 677.4
YOY Change: -

101 Merger

Total Value US$m: 23,357.6
YOY Change: 11770.6%

1,854 Acquisition

Total Value US$m: 308,470.1
YOY Change: 81.0%

1,498 Venture Financing

Total Value US$m: 25,669.5
YOY Change: 84.1%

1,218 Asset Transaction

Total Value US$m: 55,922.3
YOY Change: -68.3%

758 Equity Offering

Total Value US$m: 95,159
YOY Change: 16.4%

Innovation in the Foodservice Sector during COVID-19

To best track innovation in response to COVID-19’s impact on the Foodservice sector, Verdict Foodservice tracks the patent applications, as well as the patent applicants throughout the COVID-19 pandemic.

Number of patents in the Foodservice sector: 2018 – 2021

The COVID-19 patents tracker in the Foodservice sector monitors the patent applications pre- and post-outbreak.

Note: Application counts are based on publications. Patent applications which are not published yet are not considered for analysis. Publication may take up to 18 months from the application of patents.

Top Patent Applicants in the Foodservice sector: Pre-COVID-19 (Filing Year 2018 – 2019)

Verdict Foodservice patent ownership data monitors the patent applicants in the sector before the COVID-19 outbreak.

Top Patent Applicants in the Foodservice sector: Post-COVID-19 (Filing Year 2020 – H1 2021)

Verdict Foodservice patent ownership data monitors the patent applicants in the sector after the COVID-19 outbreak.

Note: Application counts are based on publications. Patent applications which are not published yet are not considered for analysis. Publication may take up to 18 months from the application of patents.

Jobs insights in the Foodservice sector during COVID-19

Verdict Foodservice monitors live foodservice company jobs postings to assess the impact of COVID-19 on the sector.

Job trends in Foodservice Sector

Jobs postings by foodservice companies after the outbreak. The COVID-19 jobs tracker in the Foodservice sector looks at jobs posted, closed and active to assess the impact of the pandemic on sector jobs.

Most active Foodservice companies: Jobs

Verdict Foodservice’s Foodservice jobs tracker lists foodservice companies with the most jobs posted during the COVID-19 period.

Foodservice influencer discussions on COVID-19

Verdict Foodservice tracks the mentions of COVID-19 by leading Foodservice influencers on Twitter. The chart indicates the volume of tweets and influencers pertaining to COVID-19.

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