What Is The Cost Of Losing Small F&B Spaces?

The F&B industry has always been fiercely competitive, both in Singapore and globally. While thriving in such a landscape is never easy, a number of small local businesses have been struggling to stay afloat recently – with more than 3,000 F&B outlets shutting down in 2024 alone. What does it take to run an F&B space in this landscape and what are we losing if more of these local F&B spaces close down?

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