That’s Technomic’s conclusion after modeling a number of different scenarios. It’s not just limited to the places where bev/al is sold. The K-12 foodservice business is a $22.8 billion industry in its own right.
Importantly for the bev/al industry, Technomic surveyed consumer and found that 53% said they won’t likely go out as often, 48% said they aren’t likely to order food and beverages away from home as often. This is offset somewhat by the 25% who say they will order more restaurant food for delivery and the 27% who say they will order more food from the drive-thru.