Periods of trial often create change
My reports for the last few weeks have centred around a bleak outlook for the hospitality industry. Yet, it’s important to note, that periods of ‘trial’ often create change that eventually leads to long-term growth. For example, the great recession of 2010 led to the expansion, some say ‘explosion’ of PE-funded growth in the restaurant sector. And the recession of the early 1980s led to the large scale development of the fast food sector.
So, what new and positive development will the current “period of trial” lead to? It would be a very brave person who would nail their flag to the mast at this stage, but it’s possible to see some potential areas where some good will emerge.
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