Tight Market Boosts Innovation’s Value

March 24, 2016

Growth and innovation are both more likely to come from smaller chains rather than the largest in the year ahead, Peter Backman, managing director of British researcher Horizons, said this week at his company’s Annual Briefing in London. His observations are applicable globally.

He told attendees that the UK foodservice market was likely to fall short of last year’s growth rate: 1.8% compared with 2015’s 2% growth. “There is now some uncertainty in the economy, particularly with the question mark over the UK’s relationship with the EU,” Backman said. “Some of the big restaurant and pub groups have reported slightly…