Hello fam, hope you've had a wonderful 2023 so far. Once the CNY festivities are over, it’ll be pedal to the metal work-wise.😅

There’s been talks of a global recession in 2023 and if all optimists are right on this, it will be soft and short recession. How will it impact F&B? How will it impact craft beers consumption?

We founded this business 2 years before the 2009 Global Financial Crisis. When news that Lehman Brothers has collapsed, we were more intrigued than worried as to how this economic crisis would impact us. Interestingly, the local F&B sector held super steady. Beer-related events - Beer Festivals, Beer Dinners etc were seemingly unaffected. None of our clients shut down or retrenched.

Will the F&B sector be OK this time round? If recessions typically result in a job retrenchments and a freeze on hiring, yet in our severely manpower-starved F&B sector, what is there to retrench?! What are your thoughts on the impact of a global recession on local F&B sector?