More than 30,000 restaurants expect to close up forever in Mexico
Source：Yucatan Times
From：Taiwan Trade Center Mexico
Update Time：2020/06/15
The fate of the restaurant industry in Mexico is uncertain as the coronavirus outbreak keeps customers home and forces the closure of thousands of locations. The impact is already devastating across the country.
“Some 30,000 restaurants have closed permanently in Mexico as a result of the confinement” said the president of the National Chamber of the Restaurant Industry and Flavored Food (Canirac), Francisco Fernandez Alonso.
CANIRAC’s president explained in a video conference that by the time the quarantine ends, “the impact will be brutal because there will be restaurants that will not reopen,” because several weeks ago, several businesses stopped making money”. He calculated that the quarantine by Covid-19 would hit 30% of sales, representing 100 billion pesos nationwide.
“This amount will be a substantial impact on all participants in this market, although most of them concentrate small or family businesses”, the president of the National Chamber of the Restaurant Industry and Flavored Food (Canirac) said.
He explained that in the country, there are 635,788 business units, and all are in a “dramatic situation”. 98% are micro, small and medium enterprises, and 48% of them are family businesses. Fernández Alonso said 80% of the restaurants remain closed.
He explained that only 15% of restaurants in Mexico are adapted for delivery or pick up service, which shows that the rest will have a ‘brutal’ impact and that many other businesses will be added to the 30,000 that closed permanently.
Source：https://www.theyucatantimes.com/