Sysco shifting focus to grocery retailers to survive COVID-19 slowdown

Houston-based food distribution giant Sysco Corp. (NYSE: SYY) is making changes to its strategy in response to reduced customer demand during the COVID-19 coronavirus pandemic.

Sysco is actively pursuing new revenue sources in the retail grocery industry to help offset some of the declines in its food-away-from-home business line, according to a March 20 news release. The company supplies food products for restaurants, health care and educational facilities, lodging establishments and other customers…