Unfortunately I think this is kind of a cope the remote people on the team use to feel ok about it (I've been that person quite a bit). But the people having coffee and lunch together more regularly just do form closer bonds and that matters. I don't think it matters as much as a lot of executives want everyone to believe it does, and I think remote work has giant benefits that aren't obviously or always or even usually overcome by "face time", but it's not not a real thing.