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A tsunami is sweeping through Polish gastronomy

👉The Polish catering industry has been facing successive problems for the past three years - pandemic, war, inflation and the energy crisis. According to BIG InfoMonitor, its arrears already amount to PLN 800 million and have risen by 7 per cent compared to the previous year. This is all the more significant given that already in 2022, catering was the second sector of the economy with the most debt collection activities - only transport was worse. The Economic Chamber of Polish Gastronomy speaks plainly of the crash 📉 .

👉Increasing food prices, rising energy bills and costs rentals are having an impact on restaurant owners as much as the pandemic. High inflation also means that that they are increasing financial expectations of employees, and at the same time more and more potential customers consider that going to a restaurant is too big an expense and choose to cook meals at home. According to the GfK Household Panel, almost half of Poles (44 percent) declare that they simply cannot afford to go to a restaurant. The change is particularly visible in the so-called middle class.

👉 As a result, 6,500 units have closed in 2022 and more than 60 per cent of the remaining units are in poor financial condition i.e. not paying all liabilities on an ongoing basis. Even long-standing businesses that managed to survive the pandemic are falling ⚠

About the details crisis in the industry gastronomic website writes Interia.pl ⤵

The article appeared on @Interia.co.uk:29 June 2023. We invite you to read the full version:" A tsunami is sweeping through Polish gastronomy. "Even long-standing businesses are falling".
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