Most street food vendors see no viable future, new study reveals
A significant number of street food vendors across the UK report a bleak outlook for their businesses, with many citing rising costs as the primary challenge. The vendor community is facing steep price increases, leading to reduced trading hours and staff layoffs, according to a new study by Kerb, a street food marketplace, reports BritPanorama.
The findings reveal that nearly two-thirds of vendors no longer see their business as sustainable. Increased costs for ingredients, utilities, and equipment have put immense pressure on an industry that thrives on affordability and flexibility.
Many vendors have reacted by cutting back their hours, with a significant number stating they are unable to operate at full capacity. The study highlighted that the rise in prices has been exacerbated by broader economic pressures, including supply chain disruptions and inflation, forcing some businesses to consider closing permanently.
Kerb’s CEO emphasized the need for supportive measures, calling on local governments and councils to revamp policies that facilitate the street food sector’s growth and sustainability. The research serves as a concerning indicator of the challenges within the hospitality industry, particularly as demand remains uneven in the post-pandemic recovery.
The implications for urban food culture in the UK could be profound, as street food vendors play a crucial role in enhancing local economies and community life. This situation calls for urgent action to ensure the future viability of this vibrant sector.
The findings from Kerb underscore significant economic challenges that street food vendors face in today’s market. Addressing these issues will be key to sustaining not only individual businesses but also the broader gastronomic landscape in urban settings. With the right support, there may be a path to revitalising this sector amidst ongoing pressures.
