The Impact of Covid-19 on North American Grocery Retailers2 ©2020 Mastercard. Proprietary and Confidential 1 The Food Industry Association, “2020 U.S Grocery Shopper Trends”, 2020 2 Mastercard Internal Analysis, 2020 The impact of Covid-19 has led to unprecedented changes and challenges within the grocery space. While many industries struggle to survive, grocery retailers have seen increased revenues. The grocery sector in the US saw a revenue spike of over 25% from February to March 2020, and while this growth has since decreased, it remains at about 15% higher compared to pre-pandemic revenues, according to the Food Industry Association. 1 Mastercard experts say this large-scale consumer shift towards grocery has also reversed the pre-pandemic trend of restaurants gaining co

Join for free to read