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The State of Full Service Restaurants

Modern Restaurant Management

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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2022: A Year of Transition for Restaurants

Modern Restaurant Management

Additonally, ninety-six percent of operators experienced supply delays or shortages of key food or beverage items in 2021 – and these challenges will likely continue in 2022. Seventy-five percent of operators said they plan to devote more resources to recruiting and retaining employees.

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Self-Ordering Kiosks: One Solution to the Current Labor Shortage

Modern Restaurant Management

The April 2021 Job Openings and Labor Turnover summary issued by The Department of Labor showed that restaurants added almost 350,000 new job openings since March, bringing the sector’s total number of job openings as of April to 1.34 The food and beverage industry is on a hiring frenzy.

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Restaurant Industry Growth Trends to Know in 2021

Black Box Intelligence

What has 2021 looked like for the restaurant industry so far? There are a few different models for ghost kitchens: they can serve a single brand, or they can be shared by multiple restaurants. In addition to recruiting new employees, restaurants need solutions to keep current employees on board to avoid the high cost of turnover.

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To Mitigate ‘The Great Resignation’ Refocus on the Employee Experience

Modern Restaurant Management

89% of operators cited employee retention as a top concern in 2021, up from 69 percent in 2017. From recruiting to retention, if the employee experience is positive and fulfilling, loyalty is fostered, and staff is more likely to stay put. And according to Technomic, Inc.,

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Hungry for Growth: The Restaurant Industry in 2022

Modern Restaurant Management

Food and beverage sales in the restaurant and foodservice industry are projected to total $789 billion in 2021, up 19.7 In addition, 75 percent of restaurant operators say recruiting employees was their top challenge, the highest level ever recorded. Here's a summary of what to expect and what restaurants can do to stay ahead.

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National Restaurant Association Mid-Year State of the Industry Report

Modern Restaurant Management

The report illustrates the continued impact of the COVID-19 pandemic on the restaurant industry and provides an updated look at key indicators and trends influencing the industry's recovery as of June/July 2021, including the current state of the economy, workforce, and food and beverage sales. million jobs in the first half of 2021.

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