The coronavirus pandemic and the rise of the omicron variant are impacting the restaurant industry — and in the world of steaks, it’s apparently led to a pile-up of meat as steakhouses cancel orders.
In a phone interview with FOX Business Digital on Sunday, Neva said the current surge of COVID-19 infections has led to more consumers sheltering in place rather than going out to dine at restaurants.
The state of Illinois as a whole has seen 752,060 infections in the same period, according to the online tracker. "With the omicron variant in Chicago and the sheer number of people becoming sick and then obviously the fear of gathering in large groups, especially indoors, you've had a lot of cancellations," Neva said. "The portion of the business that was affected was kind of your high-end steakhouses. You know, those are for your holiday parties, your once-a-year gatherings, your special events.
"It's a lot more expensive to go out. Inflation is rampant in our industry. Our food inflation is hovering around 20%. So, if you go out, it's going to cost you a lot more," Neva said.
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