Increasing Profits in the Wake of Rising Food and Labor Costs

2 Min Read By Sean Carr

According to a new survey by the National Restaurant Association, restaurant operators don’t think the future looks very bright. Nearly all of the operators surveyed think rising food and labor costs pose significant challenges heading into 2023, and half expect to be less profitable in 2023.

This year will undoubtedly be difficult, but uncertainty provides an opportunity for restaurants to identify inefficiencies in their business models and establish long-term solutions for sustained growth. With a strong, data-driven foundation and a robust omni-channel strategy, restaurants can increase profits while navigating labor shortages and rising food costs. Here are four ways to prepare:

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