The food and beverage industry is worried about the current economy, and nearly two-thirds of companies have seen a decline in new business development activity amid the COVID-19 pandemic. Meanwhile, 16 percent of companies have temporarily closed their business, and 25 percent expect to need to lay off employees over the next three months.
That’s according to a new survey, “Food & Beverage Manufacturing Industry Industry Perspective on the Challenges of Today, Week of 3/23/20.” The report was created by Clear Seas Research, which is owned by BNP Media, the parent company of Candy Industry.