UK Wholesale Market Sees Growth Slow In 2020 Due To COVID-19 Challenges
The UK wholesale market saw growth of 2.8% in 2020, although this slowed year-on-year due to the impact of the COVID-19 pandemic on operations, according to a new study by Lumina Intelligence.
Its UK Wholesale Market Report 2020 found that the sector had to deal with 'record levels of demand' from the retail industry, while foodservice wholesalers faced a 'catastrophic impact' due to the prolonged closure of the HoReCa channel.
As a result, overall growth for the wholesale sector is down on the 4.4% growth it reported in 2019.
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