Many H.K. Restaurants May Not Survive the Virus Crisis: Green Monday

The video discusses the severe economic impact of COVID-19 on businesses, particularly in Hong Kong, and explores potential permanent changes in consumer behavior. It highlights the challenges faced by small businesses and the need for government support. The discussion also covers business adaptation strategies, such as increased online sales and grocery demand, and the promising growth of the meatless market as a result of heightened health and environmental awareness.

What was the percentage drop in total retail value in Hong Kong during the pandemic?

• 64%

• 44%

• 54%

• 34%

Which aspect of lifestyle is expected to become more prominent post-pandemic?

• Fast food consumption

• Travel

• Sustainability

• Luxury spending

What has been a significant change in consumer behavior during the pandemic?

• More online shopping

• Decreased grocery demand

• Less focus on health

• Increased dining out

What strategy is crucial for businesses to survive in the new normal?

• Expanding physical stores

• Focusing on delivery and online sales

• Reducing product variety

• Increasing travel promotions

How has the demand for non-dairy and meat alternative items changed?

• Increased

• Fluctuated

• Remained the same

• Decreased

What is a major challenge for businesses during the pandemic according to the transcript?

• High employee turnover

• Complete drop in income and cash flow

• Increased competition

• Excessive government support

What is a promising sign for the plant-based sector during the pandemic?

• Stable market

• Increased demand

• Reduced competition

• Decreased awareness