This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
High coffee prices are becoming a lasting reality for the industry. While many assert that this signifies a long overdue change, as coffee has historically been an undervalued commodity, price volatility affects all levels of the supply chain in various ways. For coffee shops, in particular, margins are tighter than ever.
The full package of compensation and support will be the price of admission and the key to attracting and retaining the next generation. The industry must prepare for the changes that will come if the expectation is employing the very best people who are a restaurants most important asset.
These are candidates for portion adjustments or pricing tweaks. In some cases, a slight menu price adjustment or repositioning might help, but often, its better to retire them early before they cost you more money or swap them out for new dishes with better potential. Small pricing tweaks work the same way.
Coffee prices have soared over the past few years, pushing roasters, independent cafés, and specialty coffee retailers into challenging territory. For roasters and coffee shop owners alike, raising prices is no longer a choice but a necessity. Why are coffee prices staying so high?
Understanding your target market is the foundation of making smart decisions for your menu, pricing, and overall guest experience. In this article, you will learn: How to define your restaurants target market to guide your business decisions. Income: Do your customers prioritize affordability, or are they willing to pay premium prices?
When you decided to open a restaurant, you probably didnt picture yourself glued to spreadsheets or tracking the price of eggs, but keeping an eye on the numbers is how you stay open year after year. This gives you a sense of how effective your menu pricing is. Without it, one bad month can wipe out three good ones.
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.
Over the past year or so, coffee prices have been steadily increasing. The first sign that prices would increase was a sudden frost which hit some of Brazil’s major coffee-producing regions in late July 2021. Since then, prices have consistently remained above the US $2 mark. Exploring prices and costs at origin.
In this article, you will learn: How a centralized delivery system eliminates the chaos of managing multiple platforms. Are delivery prices aligned with in-house costs? When all of these issues pile up, its clear: relying on multiple separate delivery platforms isnt sustainable. How much revenue is being lost to commissions?
In this article, youll learn: The most important restaurant KPIs for restaurant profitability, efficiency, and growth How to calculate and benchmark major KPIs using simple formulas Practical tips for tracking KPIs without getting overwhelmed Lets start by breaking down what KPIs are, and why they require your attention.
Running your own online ordering system gives you complete control over pricing, promotions, and customer data, helping you maximize profits while still offering convenience. Theres little room for branding, and menu presentation, pricing, and promotions are often influenced by the platforms rules rather than the restaurants preferences.
And while these actors can certainly play an important role, their presence in the supply chain can often mean that producers end up receiving a smaller percentage of the final price of each cup of coffee. As part of this, farmers can receive higher prices for their coffee. This is especially important to note.
Over the past year or so, rising food prices and energy costs have been affecting many people around the world. In fact, in March 2023, the BBC reported that food prices had reached a 45-year high in the UK , with many other major coffee consuming countries also going through similar price increases.
In this article, you will learn: How to define your brand identity and mission statement How to create a visual and verbal brand strategy that feels cohesive across every customer touchpoint How your brand will build a loyal customer base that lasts for the long haul Lets get started with why you should give branding the attention it deserves.
If the coffee industry is to tackle this problem, it needs to address the increasing need for long-term sustainable coffee sourcing. So what exactly is long-term sustainable sourcing and how can it be achieved? You may also like our article on what to consider when developing a sourcing programme.
When we set out to found Conscious Hospitality Group and our flagship brand, Just Poké, we embraced the values most important to us – sustainability, and people being at the forefront – that we dreamed of implementing when developing our first business plan years ago. Where are you investing your capital?
This is a restaurant world that is not sustainable. In a recent article about Danny Meyer – NYC restaurateur extraordinaire, he talks about his epiphany over the past year – an opportunity he had to truly assess everything about his restaurants and the accepted approach towards operation.
In 2024, restaurants across the country saw an average five percent increase in transactions and an average eight percent increase in profits with only four percent caused by price hikes. Most restaurants have increased menu prices to cover expenses, which can affect customer spending behavior.
“I look forward to building on the foundations we have laid and continuing to work with Brad, the Board, the leadership team and our team members around the country as we execute on our strategies to position BJ’s for sustainable long-term success.” View All Articles by This Author Want breaking news at your fingertips? Sign up here.
This article explores some considerations for updating three key sections of your FDD this season and why franchisors should focus on them. Not only is it a critical sales tool for the franchisor, but it also gives a prospective franchisee vital insight into the franchise opportunity and help them make an informed decision to invest.
In this article: How to calculate your restaurant customer acquisition cost (CAC) How to optimize your restaurant’s CAC and reduce costs What is a good cost per customer acquisition? By focusing on these organic customer acquisition strategies, you can build a sustainable customer base that costs less to acquire over time.
By the time you finish this article, youll know how to approach restaurant marketing the right way and not waste time doing guesswork, crossing your fingers, and then hoping you see new customers walking through the door. What price points are they comfortable with? Look at their pricing, menu offerings, branding, and customer reviews.
Even when they manage to attract online orders, a lack of repeat business makes sustained growth feel out of reach. For more information on food photography, read our article How to Take Menu Photos Like The Pros. To learn how to set this up, read our article, Order with Google for Restaurants: How to Get Started.
From early 2021 through until mid-2022, coffee prices increased steadily – with arabica futures reaching a ten-year high of US 258.95 However, in recent weeks, the global market price of coffee (also known as the C price) has fallen to an 18-month low of US 174.20 cents/lb in February 2022. How do coffee co-operatives work?
Green coffee prices remain high, while labour, logistics, packaging, and operational costs have all increased significantly. You may also like our article on why roasters and coffee shops need to strategise menu pricing. It’s a challenging time for roasters in today’s coffee market.
For the most part, both the price of arabica and robusta rely on futures contracts. These are legal agreements to buy or sell a particular commodity at a predetermined price on a set date. Fluctuations in the market can influence prices paid by roasters and consumers and prices paid to farmers, as well as their production costs.
By placing non-alcoholic drinks in a higher price bracket with premium ingredients, restaurants can attract customers who are looking for quality non-alcoholic options. According to a recent article, 26% of Gen Z does not drink alcohol in any form. With this article, you can now create a winning strategy!
Despite a steep decline in food prices, many families did without milk or meat.” -The Starting as a raw, not always well thought out movement in the 60’s this became the organic food movement, sustainable practices, recycling and composting, the farm to table movement, and learning about the connections between what we eat and how we feel.
Put them on the table, require rationale, and in some cases business commonsense, i.e.: feature local ingredients, sustainably sound, respectful of the seasons, core of vegetarian, humane treatment of animals by vendors, etc.,
With inflation driving up the prices of ingredients, utilities, and labor, it’s become increasingly difficult to maintain profitability. Implementing cost-saving measures not only helps in sustaining business operations but also ensures long-term success by improving financial stability and resilience.
Manage COGS by negotiating better prices with suppliers, minimizing waste, and regularly updating your menu to focus on high-margin items. Learn more tips for reducing COGS in this article. Check out this article to learn how to effectively manage labor costs. By keeping COGS low, you can increase your gross profit margin.
You may also like our article on how specialty coffee can become more accessible. But the main focus in packaging is sustainability. “We As part of the general push for more sustainable coffee, consumers are also demanding to know more information about where their coffee was grown and who produced it.
What they are less interested are pretentious environments, stuffy service, gimmicks, and absurd pricing. Think about packaging: find sustainable solutions, create attractive presentations to match what you offer in-house, and work with vendors on options that can maintain temperature and presentation through effective packaging solutions.
You may also like our article on what the coffee industry thinks about the “evolved” Q grader programme. Many were shocked, questioning the motives behind the decision to reinvent a longstanding educational programme that supports thousands of certified coffee professionals and affects coffee scoring and pricing.
Sustainability continues to be a major focus across the coffee industry, specifically in coffee production. You may also like our article on carbon-neutral coffee production. Justin Archer is the Head of Sustainability at Sucafina , a sustainable farm-to-roaster coffee trader. Read on to find out what they said.
. “All of these factors point to the heightened importance of platforms like Uber Eats in the economy of the future,” said NYU Stern’s Arun Sundararajan , the Harold Price Professor of Entrepreneurship, who co-authored the study with NYU Stern PhD student Manav Raj and Uber Technologies data scientist Calum You.
The idea is simple: by reducing the number of intermediaries in the supply chain, the farmer receives a higher percentage of the final sale price. You may also like our article on what “direct trade” really means. However, the certification doesn’t necessarily guarantee a minimum price paid for coffee.
You may also like our article on why more producers don’t market their own coffee. Forging connection to origin: a specialty “special” One of the main selling points of specialty coffee is that it is more sustainable, traceable, and transparent than commodity-grade coffee. But why is this?
You may also like our article about redefining “specialty coffee”. Farmers sometimes use more experimental processing techniques, such as anaerobic fermentation or carbonic maceration , for micro and nano lots to help drive up the price. Sustainability, traceability & transparency. Read on to find out what they told me.
You may also like our article on whether coffee roasters should add robusta to blends if arabica prices increase again. On top of this, the Russian government’s invasion of Ukraine has worsened the situation – leading to record gas prices and potentially resulting in high energy and food prices for the next three years.
And will doing so help the coffee industry become more transparent and sustainable? You may also like our article on how digitalisation can improve profitability on coffee farms. This could be anything from coffee prices and predicted weather conditions to farm maps and soil health. What does digitalisation mean for producers?
In recent years, a growing number of airlines have begun to invest in the coffee they serve to their customers, both in terms of sustainability and quality. You may also like our article on changing your business’ coffee strategy after Covid-19. Consumer demand for quality and sustainability.
You may also like our article on whether it is possible to get good quality coffee from unripe cherries. Moreover, Nucoffee provides farmers with up-to-date market information, which can allow them to keep track of fluctuations in the price of coffee, as well as any emerging trends in the coffee industry.
You may also like our article on why affordable finance is so important for coffee producers. Larissa Céron works at Neumann Kaffee Gruppe (NKG) Sustainable Business Unit in Hamburg. He adds that another reason it’s difficult for coffee farmers to access loans is the fluctuation inherent in coffee pricing. Enjoyed this?
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content