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Key figures on the restaurant workforce include: Roughly 50 percent of restaurant operators in the fullservice, quickservice, and fast-casual segments expect recruiting and retaining employees to be their top challenge in 2022. Off-Premises Dining Enhanced by Improved Technology. million by the end of 2022.
Additional findings indicate that 44 percent favor a balance of human staff and some technology, while 41 percent prefer no AI use at all in their dining experience. In recent years, the food service industry has undergone a rapid transformation of automation and increased technology usage. percent from 2025 to 2033 and reach US$ 345.6
Notably, not enough investment in technology and digital transformation. Simultaneously, economic challenges have placed increased financial scrutiny on brands, compelling them to reevaluate their loyalty technology as a whole with a focus on how to do while ensuring smooth transition for guests.
trillion in sales by 2030. With all of 2019’s success, restaurant operators are also facing challenges that can be addressed with the help of technology in the New Year. So, in an era where various aspects of our lives are improved by technology, why can’t it also help restaurants be more efficient?
Guests will expect to know every aspect of sourcing and meal preparation, which will disrupt traditional back-of-house systems with technology that connects the farm to the food. Restaurants can prepare for this disruption by investing in agile technology platforms that connect every restaurant touchpoint to work seamlessly.
Nearly all restaurateurs (98 percent) believe AI will solve some of their staffing challenges, particularly around food prep and delivery management (42 percent), voice ordering technology (41 percent), predictive ordering and inventory management (39 percent), and food prep robots (38 percent). Billion by 2030, growing at a CAGR of 11.54
By Kateryna Reshetilo, Contributor Are you a restaurant owner looking for ways to keep up with the fast-changing demands of your customers? from 2023 to 2030. This growth is fueled by increasing internet penetration, smartphone proliferation, technological advancements, the COVID pandemic, and the emergence of cloud kitchens.
." Pandemic Pivots Become Permanent The temporary "pivots" developed during the pandemic — expanded delivery services, outdoor dining options, to-go alcohol offerings, and investments in technology — are the foundation of the industry's "new normal." million by 2030.
A market research firm recently estimated that delivery-only restaurants could be a $1 trillion business by 2030. Euromonitor, a market research firm, recently estimated that they could be a $1 trillion business by 2030. Kristen Hawley writes about restaurant operations, technology, and the future of the business from San Francisco.
The best performing segments during November were those whose sales are the most negatively affected by Thanksgiving: fastcasual, upscale casual and casual dining. Expect for casual dining, upscale casual and fine dining to have abysmal sales and traffic growth numbers. First, at 2.1 What Diners Want.
Key Mobile Food Ordering Statistics Every Restaurant Should Know Mobile ordering continues to rise, and some predictions have the food delivery market valued at $365B by 2030. Predictive and suggestive technologies are bound to be an upcoming development focus with mobile apps. At first, mobile ordering seemed like a long shot.
Although Millennials were the primary consumer of technology-enabled services, they were joined by a whole new section of consumers once the pandemic hit. Even before the pandemic, this was a fast-growing market. In many cases of delivery-only restaurants and ghost kitchens, casual dining-to-go sales volumes tripled or quadrupled.
According to Euromonitor , ghost, or “virtual”, kitchens could be a $1 trillion business by 2030. The restaurant industry is increasingly turning to technology to help streamline changes and maximize profits. Rise of Ghost Kitchens. Tech Takeover.
In this session from FastCasual Global , host Paul Barron sits down with Atul Sood, Chief Business Officer, of Kitchen United to discuss how understanding third-party delivery will be a key strategy long into the future and how innovators are creating entirely new business sectors in food service today. We know who our customers are.
They include a variety of formats such as fast food restaurants, food trucks, and smoothie bars, each catering to specific consumer needs with a focus on quick preparation and minimal wait times. It is even estimated that fast food will experience a compound annual growth rate (CAGR) of 7.1%
Three Key Points: Fastcasual will explode exponentially and overtake QSR by 2025. Robot and artificial intelligence kitchen platforms will also be on the rise—by 2030, Barron estimates that the workforce will have undergone a complete overhaul, and will only require 20 percent of the current workforce demand.
54% of restaurants plan to spend more on technology in 2024. billion by 2030. billion by 2030. billion by 2030. billion by 2030. On the other hand, fast food restaurants are on the rise , with 0.8% Bank of America , 2023) 54% of restaurants plan to spend more on technology in 2024. decline from 2022.
As a result, you can scale your business fast while reducing liabilities. Restaurant franchising has been around since the 1920s, used mainly by fast-food chains like McDonald’s, KFC, and Taco Bell. 2 You’ll be able to grow your brand fast and efficiently. Meanwhile, a whopping 97% of franchise units are profitable.
Some of these are: As part of Vision 2030 in Saudi Arabia, $500 billion are being invested in NEOM across 14 sectors including food, tourism, and entertainment & culture. In the UAE, the three largest segments among limited-service restaurant chains (usually overlapping what’s popularly called fast-food) are Burger, Chicken, and Bakery.
This edition of MRM News Bites features Grubhub, PAR Technology, The Institute of Culinary Education, Parts Town, OneDine, Starbucks, QikServe, MOD Pizza, ezCater and Red Lobster, Omnivore, Coolgreens and Winston Industries. This is a game changer in quick-serve and fastcasual restaurants." Ultimate Grubhub.
and Western Europe, recently passed the 65 location mark and in the midst of an impressive worldwide expansion campaign with developers and franchisees which is projected to reach 100 stores by the end of 2020, a plan unmatched in the plant-based, fastcasual category. “With the D.C.
Dirty Fingers – transforming the fast food game with elevated burgers, hot dogs, wings, fries and more. Lavu opened its platform to help their clients stay agile relative to accessing and leveraging third party restaurant technology by partnering with Omnivore, a universal POS connection for third-party restaurant apps.
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