Covid-19 ‘s economic consequences concern hotel owners as much as its public health effects. India’s food services market, currently valued at $60 billion, is greater than railroad industries. It also provides the highest employment after agriculture — one-third of which is in organised restaurants.
The National Restaurants Association of India (NRAI) predicted an approximate loss for the F&B industry of 80,000 crores rupees. More than 7 million workers relying on the food & beverage industry have already lost their jobs.
It is a great time for the food and beverage ( F&B) industry to learn about how their company can be digitally transformed and future proof their business to avoid a ticking time bomb of high fixed costs of salaries, rents, services etc.
To order and help F&B companies prepare better, Virgo delivers digital menus, contactless dining that can help order meals with limited contact, organize and evaluate data and figure out when, where and what customers are looking for. It will help restaurant owners to see where demand spikes, where it comes from and what type of food products are ordered frequently.
For restaurants now gradually opening up to business and running in some areas, with a capacity of 50 per cent to retain social distance, the question remains of security, Whether ordering food from without is secure or not.
For every passing day, tighter health checks, use of technologies such as digital menus, contactless dining etc. will become the new standard.