Highlighting the State of the
T
Industry
he U.S. foodservice equipment industry was valued at $35.97 billion in 2023 and is projected to grow at a compound annual rate of 7.1 percent through 2030,
according to projections from Grand View Research. But decreasing customer traffi c and softer sales this year have made restaurant operators wary. Monthly surveys from the National Restaurant Association have shown that operators are generally pessimistic about the market in 2024, with many planning to hold off on equipment purchases, remodels and facility expansions until economic conditions improve. That gap between sales projections and customer outlooks makes it a critical time to review the industry’s progress in recent years and where it is headed. This year, the FEDA Annual Executive Leadership
Conference will open with two presentations by industry leaders who are navigating the ever more complex industry landscape: Eric Boelter, president of The Boelter Companies, and Lucy McQuillan, president of Alto-Shaam. Boelter and McQuillan will share their thoughts on the state of the foodservice equipment industry by providing a dealer and a manufacturer perspective on various economic pressures, supply chain disruptions, mergers and acquisitions, and other events that are reconstructing the industry and altering how companies operate.
STATE OF THE INDUSTRY PRESENTER OPENING SESSION EMCEE ERIC BOELTER PRESIDENT
THE BOELTER COMPANIES 10 FEDA News & Views
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