Closer bonding in the industry
Over 90% of the industry insiders interviewed for this report believe that the F&B community will be more tight-knit after the pandemic and the industry will see more collaborations.
Covid has given rise to a couple of fund-raising initiatives, including 50 Best for Recovery, Singapore Cocktail Bar Association, #savefnbsg and #savehkfnb.
The major objectives of these organisations are to help provide financial relief to workers in the industry, create and collate helpful resources for F&B businesses and stand as the collective voice for F&B establishments in the region. In the Bid for Recovery Auction held by 50 Best for Recovery, they raised more than £937,000 for the Recovery Fund, which will be used to provide monetary aid to restaurants and bars.