Describing and explaining the problem. You may want to do some research the following information: What was the industry like before Coronavirus spread? (Research the industry environment before 2020;...

Impact of coronavirus on restaurant business
Impact of coronavirus on restaurant business
Assignment
Table of Contents
1    Introduction    2
2    Background    3
3    Business Outlook of Restaurant Industry before Coronavirus Spread    3
4    PESTLE Analysis    4
Political    4
Legal -    5
Social    5
Technological    5
5    SWOT Analysis of the Restaurant Industry    6
6    Business Outlook of Restaurant Industry after Coronavirus Spread    6
7    References    10
Introduction
COVID-19 or Corona virus has caused havoc all across the world, infecting thousands all across the world. The outbreak of this deadly virus started from China killing many Chinese citizens and putting various business on sudden halt. China was a little too late to manage this epidemic as well as failed to contain it. As a result, this disease has spread all across the world affecting every aspect of life and putting the normal working of business to a standstill. With the exponential spread of this disease, it has left many businesses counting for expenses and losses. By the virtue of this assignment, I have analysed the current pandemic situation with respect to supply chain, economy and geo-political dimension as well as what would be the implications of such communicable disease on restaurant. This outbreak of corona virus exhibits a grave danger for restaurant industry along with other businesses like airlines, restaurants etc. By the virtue of this report, I was able to present the complete landscape of restaurant business and how it has majorly impacted the working of business as well as what are strategies food restaurant business needs to implement to convert this problem into business opportunity.
Background
There are many problems associated with this outbreak of Corona Virus especially in the restaurant business. Not only, this pandemic consistently expands and infects everyone with no vaccine available to fight it back. Along with impact on life corona virus has major repercussion on business. Business all across the world has witnessed one of the most damaging and unprecedented folds of incident rolling up to millions of loss and whooping expenses to handle. Businesses in restaurants and service industries like airlines etc. are been deeply impacted (The Restaurant Industry — A Global Perspective, 2020). It is been recorded that there have been no sales at the same time complete halt in work. The norms of Social Distancing and Government regulations to stay at home has hit the business operations in a great way. Most of the full-service restaurants are operating with less than full capacity. Shifting from Fine Dining to delivery models has increased the operating cost (Jones, L., 2020). Over & above, there is a limitation in home delivery of dishes, as certain dish due to their texture can’t be delivered. Moreover, uncertainty in demand forecasting is another trouble for the industry which deals into eatery & perishable products. (Nouriel Roubini, 2020)
Business Outlook of Restaurant Industry before Coronavirus Spread
The worldwide market standpoint has been mindfully idealistic for the most recent few years, and this has reflected in the café business around the globe. My research on the industry globally highlights the insights on the bigger business sectors of the United States, Europe, and Asia have all indicated consistent positive development from 2015 to 2017 and conjectures recommend that this pattern will proceed for 2018 also. Assessing the current size of the global food-administration market to be 3 trillion dollars (The Restaurant Industry — A Global Perspective, 2020). The US remains the main supporter of the café market as far as deals at 872 billion dollars, in front of China's $624 billion yearly admission. Be that as it may, this may not be the situation for long with Chinese café incomes developing at a pace of 10.9% every year, the most elevated on the planet by far (The Restaurant Industry — A Global Perspective, 2020). Food administration patterns contrast from nation to nation, yet the two that are predictable over all nations are cognizant eating, and the need to incorporate innovation as a significant piece of working together. Cognizant feasting is a developing pattern in the Europe, America, and Asia and remembers a concentration for nearby and occasional food that is...