Home » Consumer Foodservice, Podcasts » Remittances driving the Consumer Foodservice Industry


August 22, 2012

Remittances driving the Consumer Foodservice Industry

Burger

 Remittances, or the transfer of money by a foreign worker to his/her home country, are driving the consumer foodservice industry, mainly driven by remittances to countries like Mexico and the Philippines. Michael Schaefer, head of consumer foodservice research at Euromonitor, states that the importance of remittances, as opposed to other forms of foreign direct investment, is that much of it is spent on consumption. Foodservice, he explains, is a large part of that consumption. Schaefer gives several examples of foodservice chains that have been directly affected by remittance flow.  

Download as an MP3


« Italy’s Tax Evasion Crackdown is Beginning to Yield Results | Main | Coconut Water Makes a Splash in Canada, Yet Challenges Lurk »

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...

Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Mondelez Aims to Breathe Life into Gum Sales with Launch of Trident in China

Fibre vs Protein: Which Will Be the Winner?

BRIC Consumers in 10 Charts

Top 3 Drivers of Consumer Expenditure in Emerging and Developing Economies

Whole Foods to Open Low-Cost Chain

Frenemy with Benefits: How can Toys Makers Capitalise on the Rise of Toy Rental in Asia? – Part 2

Key Trends for Mergers and Acquisitions in the Beauty and Personal Care Industry

April 2015 Overview of New Product Launches in Alcoholic Drinks

Frenemy with Benefits: How can Toys Makers Capitalise on the Rise of Toy Rental in Asia? – Part 1

Sofia: Affordable European Tourism Destination