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How Restaurants Can Remain Competitive in 2021

7 Shifts

From a projected record growth at the top of the year to a decline of nearly $240 billion in sales and 2.5 million out of work, it was nothing short of devastating. We’re not talking about just surviving the pandemic—but thriving through 2021 and beyond, and setting new standards. Embrace Digital Hospitality ??

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Retail Point Of Sale System Cost

BNG Point of Sale

Retail Point Of Sale System Cost. How Much Does A Retail POS System Cost In 2021? Electronic cash registers are as efficient and accurate as using a cigar box at the cash wrap when keeping track of money. Most retail point-of-sale (POS) systems cost money upfront, but they pay for themselves over time.

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11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Here are 11 tips to set yourself up for success in 2021. Manage cash flow by creating a cash flow forecast. Manage cash flow by creating a cash flow forecast.

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Restaurant Experts’ 2021 Outlook, Part One

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. As the food and beverage industry continues its digital transformation, restaurateurs need to prepare to take advantage of a tidal wave of data these interactions create. Here are their responses.

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MRM Research Roundup: End-of-April 2021 Edition

Modern Restaurant Management

CGA’s latest sales data reveal significant increases compared to performance in 2020, during one of the worst periods of decline when full lockdown restrictions were in place. The average $ sales velocity for units across America were down -6 percent compared to the week before (April 17 v April 10). The Value of Trust.

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MRM Research Roundup: Mid-July 2021 Edition

Modern Restaurant Management

Total restaurant visits were down -6 percent in May 2021 compared to May 2019 but were up +23 percent from a year ago, recovering from a -23 percent decline in May 2020. Snack periods, were down -5 percent in May 2021 compared to May 2020, and for a pre-pandemic view, down -11 percent compared to same month two years ago. ” 2.

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THE RESTAURANT ECO-SYSTEM NEEDS HELP

Culinary Cues

None, however, are as devastatingly out of the operators control as this pandemic. There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables.

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