F B Industry Singapore Statistics

Adopting tech will help you level up your services in the highly competitive food industry.

F b industry singapore statistics. Here are tips to help you better interact with the statistics. These trends are driving the food industry to be innovative in their products and solutions. Revenue in the food beverages segment is projected to reach us 260m in 2020. By 2020 at least half of all f b outlets including coffee shops and hawker stalls are likely to adopt digital solutions 2.

Employment level by industry. Last year alone the food manufacturing industry contributed s 4 3 billion to singapore s gdp and employed over 48 000 workers. Statistics on the performance and structure of the services industries are compiled by the singapore department of statistics. Food beverage services index 2014 100 at constant prices annual ministry of trade and industry department of statistics 18 nov 2017 the food beverage services index fsi measures the short term performance of food beverage f b services industries based on the sales records of f b services establishments.

Almost 41 of restaurants surveyed have ceased their operations completely during the circuit breaker period. More than one third of f b outlets in singapore are using at least one technology solution to work more productively 1. Despite singapore s small land mass and limited agricultural output the local food industry is thriving. Singapore s f b sector is projected to grow at a 2 1 compound annual growth rate cagr over the next five years amidst robust expansion in the mass market segment according to a report from dbs.

Fraser neave s post tax profit slid 1 5 to 105 57m in h1. Draw your own insights into singapore s labour market by exploring official data through interactive charts. More closures and layoffs imminent in singapore s f b industry. Out of the respective industry s total sales monthly retail sales index 2017 100 in chained volume terms ssic 2015 version 2018 annual.