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COVID-19’s Impact and Recovery for the Restaurant Industry — Part 2: Crisis Lights, Cash Forecasting, & Survey Conclusions

The COVID-19 pandemic continues to impact the restaurant industry. In part one of this article, we shared the first three of five major areas revealed in the survey of over two-hundred restaurant finance leaders administered by our national partner, Sage Intacct, and the National Restaurant Association. The results reveal the impact on their restaurant business, the actions they took in response, and the lessons they learned through the process of adapting to the constant changes.

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an empty restaurant filled with tables and chairs

COVID-19’s Impact and Recovery for the Restaurant Industry — Part 1: Cash Flow, Business Models, & The Future

The COVID-19 pandemic continues to impact the restaurant industry. Uncertainty looms with the on-going challenges of containing the virus. This uncertainty creates obstacles in business decision-making. With public health requirements and customer preferences changing as the graphs on infections and deaths rise and fall, restaurants have more hurdles than ever. These challenges mean that restaurants need to respond quickly to a constantly changing environment.

Our national partner, Sage Intacct, and the National Restaurant Association surveyed over two-hundred restaurant finance leaders. This survey revealed COVID-19’s impact on their business, their actions in response, and their lessons through the process. Here is what they have to share.

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inside a restaurant at a table with people eating burgers top view shot

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