F&B industry needs to gear up for 2010

Retailers, chain stores and buyers have been too apathetic in their preparation and from what I can see there has been no momentum to correct this yet. The current economic climate has definitely put a damper on 2010.

Usually when a World Cup comes into a country, it experiences a boom the year before and the year after but we are not seeing any indication of that yet, which has obviously been a result of the current recession.

Over the anticipated six to eight week period, including pre- and post-World Cup, we can anticipate a lot more revenue but we need to increase stock significantly to take full advantage.

As an industry, we should also take into account the myriad dietary requirements our food and hospitality industry is going to face. Whilst some international tourists will lean towards the more traditional type of food they eat in their own countries, many will want to experience the unique dishes that are so truly South African and we need to be prepared for that.

In summary, I do believe that South Africa will host an incredibly successful World Cup but collectively, we need to grab the bull by the horns so to speak, and plan (and stock up) effectively to reap the most rewards individually, and as an industry.