Food companies have been among the hardest hit by the Covid-19 pandemic.
Reduced operating capacity has left many restaurants facing unprecedented cash constraints and business pressures; meanwhile, food service suppliers have been dealing with the logistical bottlenecks associated with distribution disruption. And although service economies are beginning to reopen, one industry source predicts that US restaurant revenue won’t return to 2019 levels until 2023.
Against this background, liquidity and certainty are business imperatives for many in the restaurant and food industries. Consequently, many are seeking creative solutions to increase liquidity and contain costs on guaranteed terms—by unlocking the latent asset value of meritorious litigation and arbitration claims with legal finance.