COVID-19 Impact on the Foodservice Industry

COVID-19 Impact on the Foodservice Industry

Your Keiter Opportunity Advisors are closely monitoring the business impacts related to COVID-19. We are here to provide valuable resources as well as sound advice and strategies to move your business move forward through this economic downturn.

In this article, we share observations from our affiliate, Keiter Advisors, on what they’ve seen in the Foodservice Distribution Industry as a result of the pandemic and why the future remains unclear.

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“Experiencing the last three + months in foodservice distribution has been like riding a roller coaster in the dark. Initially, the car plummeted at breathtaking speed – and no one could see the bottom. But after a few unanticipated twists and turns, things began to move upward again, and at a rate no one anticipated. However, with the events of the past several weeks, we’re still riding a bit blind and the ride’s trajectory is still unclear. Are we beginning to level off, or do the recent flare-ups predict even more unpredictable dips and curves ahead?”

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Additional Resources 

Transaction Advisory Insights

COVID-19 Business Resource Library

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About the Author

Keiter Advisors works with companies in middle market M&A transactions and financing. Our clients are middle market and entrepreneur-owned companies, generally with revenues between $10 and $200 million.

Our senior professionals have advised in more than 50 transactions and have experience in a range of industries. In addition, we are backed by the expertise and resources of Keiter, a leading Virginia public accounting and advisory firm with interrelated expertise in quality of earnings, due diligence, tax structuring, and succession planning.

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


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