Vending

COVID-19 tops reader interest on several fronts

The coronavirus pandemic continued to dominate news in the convenience services industry this past week.

April 30, 2020

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Podcast Summary

The coronavirus pandemic continued to dominate news in the convenience services industry this past week.

Small business loans have been on many peoples' minds, as the second round of funding from the Small Business Administration became available on Monday. Many applicants from round one were still waiting to hear about their loans, and many companies that weren't able to apply before the first round of funds ran dry got as second chance.

Financial experts also weighed in on how to put together a COIVD-19 recovery plan, with input from environmental health and safety service specialist, a property restoration specialist and the Occupational Health and Safety Administration and other resources.

While many of the stories have focused on challenges associated with COVID-19, opportunities have also emerged. One veteran convenience services operator who has moved to the equipment manufacturing expounded on the new demand for hand sanitation stations.

For those concerned about the coronavirus' impact on coffee sales, data from 2010, the last time a pandemic and recession arrived simultaneously, was instructive. While the current situation is not identical to 2010, data from the National Coffee Association showed consumers did not slack off on coffee consumption.