The COVID19 crisis has impacted many industries – but restaurants have been hit extremely hard. According to a recent Restaurant Industry Impact Survey by the National Restaurant Association, the industry in the U.S. is expected to lose $240 billion by the end of 2020.
The COVID19 health crisis has had a big impact on the economy as many businesses have been shut for a few months. Some merchants had to close shop completely, while others operated in limited capacity. Many of our partners have been discussing innovative ways to help deal with this crisis. From highlighting benefits of technological solutions to changing consumer behavior, we have listed a few posts from some of our partners and insights they have to offer:
As the COVID-19 pandemic progresses in the US, every industry has seen different outcomes. With many states now reopening businesses, strict social distancing guidelines are being recommended. While transportation, hotel and lodging have seen very little traffic, restaurants in a lot of states are still only allowed to offer takeout or delivery. The retail industry has also seen its share of unpredictable outcomes from grocery stores being open with strict guidelines to online sales for many retail brands going through the roof.
Check out our infographic about the growth of contactless transactions and how it is expected to increase dramatically following the public health crisis that COVID-19 has created globally.
According to a recent industry report by Research and Markets, the interactive kiosk market was valued at $22.69 billion in 2018 and it is expected to reach $31.32 billion by 2024. This market includes self-service kiosks which have gained popularity in the food & beverage industry. To discuss the adoption and challenges of self-service kiosks in detail we caught up Will Pymm, managing director of REDYREF Interactive Kiosks.
