Food distributors are unfortunately expected to feel significant losses from the COVID-19 pandemic and containment efforts. According to Mark Allen, CEO of the International Foodservice Distributors Association (IFDA), the industry is expected to lose $24 billion over the next three months.
This is a result of major disruptions in the supply chain and delivery of food in America, as thousands of restaurants have either immediately closed their doors or are facing a drastic reduction in business caused by the pandemic and containment efforts, which means customers are staying home.