Modern Restaurant Management
MAY 16, 2022
According to the National Restaurant Association , the dining industry should generate $899 billion in revenues in 2022. Even with robust growth, the restaurant industry faces steep challenges right now, with labor shortages, higher inflation, challenges with home food and drink deliveries, and ongoing food and supply chain shortages.
Modern Restaurant Management
DECEMBER 7, 2021
The GDP recovered to its pre-COVID level this past July, but with this growth arrived a more unsettled labor market, intensified competition for talent, spiked inflation and exacerbated ongoing supply chain pressures. As operators prepare for the months ahead, four trends, in particular, are likely to emerge in 2022.
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Modern Restaurant Management
NOVEMBER 24, 2021
Restaurants have faced labor shortages, supply and equipment shortages, and climbing food prices, with no past playbook on how to navigate the crisis. In fact, according to the National Restaurant Association, 95% of operators said their restaurant has experienced supply chain delays or shortages in recent months. Food Shortage.
Modern Restaurant Management
APRIL 13, 2022
A fragmented supply chain is also increasing ingredient costs, leading restaurants to balance staff churn with a changing menu to keep revenue consistent. Monitoring Supply Can Curb Waste and Loss. Additionally, many restaurants are expanding to include traditional benefits such as health insurance and retirement savings plans.
Perfect Daily Grind
NOVEMBER 18, 2022
points at 2022 Cup of Excellence Brazil. The auction will take place on 1 December 2022. Oatly reports 7% revenue increase in 2022 Q3 despite growth being “below expectations” The oat milk manufacturer downgraded its full-year 2022 revenue forecast by US $100 million. in October 2022. in the same month.
Open for Business
MARCH 1, 2023
Labor supply and demand were roughly matched from 2000 through early 2020, according to U.S. million workers came back to the accommodation and food service sectors. The gap between supply and demand continued. Many workers found jobs in other industries offering more stability or benefits like health insurance.
EATER
JULY 22, 2021
Even before the pandemic, restaurants were in a precarious position, squeezed between ever-increasing rents, food costs, and payrolls. This isn’t what I want to be doing, but it’ll keep the local farmers and suppliers with a steady client, and hopefully I’ll be able to hire more people back and focus on the food again,” he said. “If
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