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Technomic releases June TIndex, illustrating foodservice industry acceleration

Technomic releases June TIndex, illustrating foodservice industry acceleration
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Technomic shares April TIndex number, revealing steady performance improvement for U S foodservice

Share this article Share this article CHICAGO, May 27, 2021 /PRNewswire/ Technomic released the April TIndex (Technomic Index), an index that provides a benchmark to help analysts and industry leaders track the health of the foodservice industry in the United States. For the month of April, the TIndex increased to 94.6 from 94.1 in March, showing strengthening results especially within the restaurant segments, explains Joe Pawlak, managing principal at Technomic. This represents the continued performance improvement and recovery of the industry as states and the CDC are loosening restrictions nationwide. April 2021 TIndex (current): 94.6 March 2021 TIndex: 94.1 January 2021 TIndex: 82.2 For comparison, the TIndex in April 2020, while the U.S. was still in its early struggle with COVID-19 restrictions, was 49.1, which means overall foodservice sales increased by almost 93% over April 2020 but were only 5.4% smaller when compared to April 2019.

Technomic launches the TIndex to track the foodservice industry in the U S

Share this article Share this article CHICAGO, April 30, 2021 /PRNewswire/ Today, Technomic released the first TIndex (Technomic Index), which is designed to provide a benchmark to help analysts and industry leaders track the health of the foodservice industry in the United States. The TIndex is a unique way to track the foodservice industry, built using a variety of datasets available to Technomic, including operator transaction, consumer visit tracking and distributor sales information. The data is then weighted and evaluated to align with a representation of the total foodservice industry. We have been tracking the foodservice industry since 1966, explains Joe Pawlak, managing principal at Technomic. The TIndex allows us to provide a snapshot of industry health built on years of historical data and industry expertise. This month, the TIndex is showing the beginning of a recovery for the industry, as vaccinations increase and states begin to ease COVID-19 restrictions. Thro

Technomic launches the TIndex to track the foodservice industry in the U S

Technomic launches the TIndex to track the foodservice industry in the U S
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Labor shortage leaves restaurants, distributors in the lurch

Labor shortage leaves restaurants, distributors in the lurch
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