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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting a complimentary webinar on the 2020-21 North American Food & Beverage Industry spending outlook. The webinar will be held Wednesday, August 5, at 10 a.m. CDT (11 a.m. EDT). Join Randy Godet, Industrial Info's vice president of research for the Food & Beverage Industry, as he discusses the outlook for the rest of this year and next year.
Going into 2020, Food & Beverage processing firms were optimistic about the prospects for capital expenditures. The positive outlook was based on a strong domestic economy, solid demand for products and re-opening of trading channels. The breadth of the COVID-19 pandemic has had a profound impact on an industry tasked with maintaining a consistent supply of products, while operating in a climate where market fundamentals have changed dramatically.
Industrial Info is tracking more than $9 billion in Food & Beverage projects that have been affected by the COVID-19 pandemic in the U.S. and Canada, including:
- the construction of a grassroot plant-based protein products manufacturing plant in Indiana
- the expansion of a potato processing plant in Washington
- the construction of a grassroot poultry processing plant in Ontario
Webinar topics will include:
- a focus on key market drivers influencing future spending
- spending outlook by market sector
- capital spending by project type (expansions, grassroot, etc.)
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
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