Modern Restaurant Management

FEBRUARY 25, 2022

If you’re looking for ways to up your restaurant marketing game, here are the practical steps you should be taking in 2022. Whether you’re eat-in only or you’re offering deliveries, you're not going to get far in 2022 without a well-designed website. Get the Basics Right. Learn Some Basic SEO.

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Modern Restaurant Management

DECEMBER 14, 2021

Modern Restaurant Manaagement (MRM) magazine asked restaurant industry insiders to discuss the key challenges they believe restaurants will face in 2022. Restaurants will continue to grapple with labor shortages and supply chain disruptions throughout 2022. Supply chain : Supply chain issues will be a key challenge in 2022.

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Modern Restaurant Management

NOVEMBER 7, 2022

Striking a balance between value and price. Is it possible to strike a balance between value and price to satisfy both parties? To answer that question, Revenue Management Solutions (RMS) examined two factors: the impact of price increases on QSR sales performance and consumers’ perception of value. Is it possible?

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Modern Restaurant Management

DECEMBER 1, 2021

In October, the USDA reported year-to-date averages, noting that food-at-home (grocery store) prices have increased 2.5 percent and food-away-from-home (restaurant) prices have increased 3.6 percent, and food-away-from-home prices are expected to increase between 3 and 4 percent. If current projections from the U.S.

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Modern Restaurant Management

JANUARY 25, 2022

Prices for raw products were consistent, and while there were fluctuations, it was nothing like today. At this restaurant, lack of cooler space required smaller, frequent, higher-priced food deliveries—and perishables were harder to store and find. In other words, go for the same effect, but at a much lower price.

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Modern Restaurant Management

DECEMBER 28, 2021

For example, a CBS MoneyWatch article from June of this year cited several well-known fast-casual brands' move to boost prices as much as 4 percent to help offset higher labor and other costs. More recent price increases have nearly doubled this number. are the fast-casual franchise model of the future.

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Modern Restaurant Management

MARCH 31, 2022

Recent opinions in favor of insurance companies include a March 16, 2022 unpublished Ninth Circuit pane opinion in Steven Baker v. The AG alleged that Grubhub’s listing of restaurants without their consent and charging higher prices for food than the restaurants charge on their own websites are deceptive and unfair trade practices.

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Modern Restaurant Management

DECEMBER 16, 2021

Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. 2022 will be the year where the restaurant industry shows the world how flexible and techno-savvy it really is. Six key predictions for 2022 include: A focus on building an agile, resilient supply chain.

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Culinary Cues

FEBRUARY 22, 2021

Let’s start with what we are fairly comfortable saying: whatever “normal” is will likely not make an appearance until the end of 2021 – so…let’s begin our speculation with January of 2022 to be safe. I know what you are thinking – WHAT!!!! Restaurants cannot wait that long, no way, no how – this is the end of the world, as we know it.

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Modern Restaurant Management

JANUARY 10, 2025

Some brands may consider that they can offer an experiential focused bar menu for a more approachable price point for the consumer who may not opt for a full dining experience. Positioning the bar as a brand extension and understanding the role it plays within the experience is a critical component.

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Modern Restaurant Management

FEBRUARY 17, 2025

We can expect to see a prolonged period of higher egg prices through the Easter and well into 2025, according to a repor t from CoBank. While this can be largely attributed to supply challenges associated with bird flu which has affected nearly 100 million egg-laying hens since 2022, it's not the only factor.

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Modern Restaurant Management

FEBRUARY 17, 2025

We can expect to see a prolonged period of higher egg prices through the Easter and well into 2025, according to a repor t from CoBank. While this can be largely attributed to supply challenges associated with bird flu which has affected nearly 100 million egg-laying hens since 2022, it's not the only factor.

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Modern Restaurant Management

JULY 27, 2022

Most notably, consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year." Consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year.

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EATER

NOVEMBER 1, 2024

The company’s anti-union stance didn’t help, either — many people’s opinions on Starbucks have soured as the company has fired organizers and allegedly told unionizing workers in 2022 that they could lose access to benefits if their efforts succeeded. Starbucks denied the allegation.)

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EATER

SEPTEMBER 20, 2023

In the bread aisle, you see two loaves identically wrapped; both are perfectly edible, but one is a day older and costs half the price. This is a business practice called dynamic pricing, and it may be coming soon to a supermarket near you. The price is changing throughout the [time] horizon.” Which do you choose?

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Modern Restaurant Management

JULY 6, 2022

While 2021 was the year of the comeback for restaurants, 2022 is proving to be a very different story. Substantial price hikes on restaurant menus are causing consumers to choose other options aside from eating or taking out, and a ‘tipping point’ is on the horizon where inflation will depress overall demand.

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Modern Restaurant Management

OCTOBER 24, 2022

Restaurants and customers are feeling the effects of inflation, according to the third quarter 2022 data for the Yelp Economic Average (YEA) report, The report reveals that inflation experiences have intensified for consumers in every state in the U.S. percent from 2022,” added Mudan.

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Modern Restaurant Management

FEBRUARY 11, 2025

Making the shift away from seed oils was a natural evolution for us—one that we started back in 2022 and have worked tirelessly to implement across all of our ingredients. When we removed seed oils from our cooking in 2022, it was a major milestone—challenging, but relatively straightforward from a recipe standpoint.

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Modern Restaurant Management

JULY 21, 2022

In May 2022, the annual rate was 8.6 Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 Consumers see a drop in gas prices , bringing them back to drive-thrus.

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Modern Restaurant Management

APRIL 10, 2024

And despite warnings of an imminent recession at the end of 2022, the U.S. Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators. When prices for staple ingredients like chicken rose dramatically in 2023, restaurant operators were forced to increase their prices.

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Modern Restaurant Management

NOVEMBER 1, 2022

Restaurant guests in cost-saving mode are eating out less and more conscious of menu prices, according to Restaurants: Consumer Trends Fall 2022/Winter 2023 a report produced by Provoke Insights in collaboration with Modern Restaurant Management (MRM) magazine. The study was in-field from Autumn 2022.

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Modern Restaurant Management

FEBRUARY 21, 2022

Bn at an impressive 22 percent CAGR in 2022. percent CAGR between 2022 and 2032, and Plant-Based Milk sales will grow ~ 2x by 2032, says Future Market Insights. In 2022, restaurant industry or food industry in general is planning to serve an omnivore population who is trying to cut back animal products from their diet.

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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. To help operators move forward, let’s take a look at some of the challenges the industry has experienced in 2021 and how they can come out on top in 2022 and beyond.

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EATER

MAY 27, 2025

Creator Tu Nguyn, known as @twaydabae , first hosted two group trips to Vietnam in 2022 following an invitation from Trova Trip, which acted as a middleman between Nguyn and a travel agency in Vietnam, simplifying the logistics and curation. Yawk Creative Agency A meal at a locals home during one of Anela Maliks tours.

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Modern Restaurant Management

JUNE 7, 2022

With gas prices over $4 a gallon, a drop in drive-thru traffic is not surprising, and our historical data shows a positive correlation. However, when asked in Q1 2022, just 81 percent had made a weekly stop. Gen Z respondents reported a decrease in full-service visits, too, from 33 percent in Q4 2021 to 15 percent in Q1 2022.

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Modern Restaurant Management

FEBRUARY 17, 2023

When Revenue Management Solutions asked respondents about their past behavior, frequent users reported increased usage across all restaurant categories in Q4 2022, particularly quick-service. Move value menus from low-price to abundance. This isn’t just “talk,” either.

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Modern Restaurant Management

MARCH 3, 2023

Key findings illustrating the industry's economic conditions include: Growth will continue : The foodservice industry is forecast to reach $997 billion in sales in 2023, driven in part by higher menu prices. Only one in ten operators think recruiting and retaining employees will be easier in 2023 than it was in 2022.

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Modern Restaurant Management

MAY 30, 2023

When survey respondents were asked if they have more apps now than in 2022, 38 percent of those visiting restaurants frequently reported an increase, compared to 26 percent of all respondents. Unsurprisingly, Gen Zers were the most likely to download in 2023 – 45 percent have more apps now than in 2022.

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EATER

OCTOBER 21, 2024

The numbers come from the 2022 environmental, social, and governance (ESG) report of the vegan brand Beyond Meat , from which PLNT Burger gets its patties. And this was on top of general griping about his restaurant’s high prices compared to other Asian restaurants in the San Gabriel Valley, says Yang. We had been at $2.50

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Modern Restaurant Management

DECEMBER 18, 2023

A Look Back at 2023 To gauge the state of the restaurant industry, including the industry’s most pertinent worries around food and labor costs, Restaurant365 conducted a survey of over 730 customers representing 14,000+ locations in December 2022 and again in September 2023.

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Modern Restaurant Management

APRIL 28, 2022

One-fifth of consumers rate menu price as poor. The study was in-field from March 1-10, 2022. This includes one-fifth of diners who are overall eating out less. Millennials, however, are now eating out more than pre-pandemic. Additionally, Americans are reporting the impact of inflation.

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Modern Restaurant Management

DECEMBER 20, 2023

– Andrew Glantz, GiftAMeal Founder/CEO 2022 marked a pivotal period of societal adaptation to touchless interactions, accelerated by the challenges posed by the pandemic. Restaurants had all independently decided to increase platform pricing, tentatively at first and then more boldly when consumers didn’t push back.

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Modern Restaurant Management

MAY 30, 2023

When survey respondents were asked if they have more apps now than in 2022, 38 percent of those visiting restaurants frequently reported an increase, compared to 26 percent of all respondents.

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Modern Restaurant Management

APRIL 26, 2023

At a high level, the findings indicated that reported usage across restaurant segments and revenue channels has fallen compared to Q4 2022. On the bright side, sales continue to perform positively compared to last year, primarily driven by price increases throughout 2022. percent YOY) exceeded Food-At-Home prices (+8.4

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Modern Restaurant Management

MARCH 23, 2023

Our graphs of early 2022 quick-service restaurant traffic trends looked like a mountain range — a significant dip in performance followed by a steep climb, thanks to the appearance and ultimate retreat of the omicron variant. Yet QSRs are slowing down price increases to meet tightening budgets. The average price flattened, up 14.0

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Modern Restaurant Management

DECEMBER 22, 2022

Chefs are expressing optimism and anticipate a return to “normal,” according to the 2022 James Beard Foundation Fall Industry Survey. What were common menu items where prices were raised? . Sixty-seven percent of respondents raised prices throughout their entire menu, and 25 percent on a few items.

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Modern Restaurant Management

SEPTEMBER 13, 2022

When looking at the impact the breakfast daypart had on trends for August 2022, we found that: For most of 2022, breakfast maintained relatively positive traffic performance YOY. percent YOY and has been trending positively since June 2022. The average QSR price is at its highest since 2020 (+16.3

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