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Culinary and Cocktail Trend Forecasts Kimpton is returning with its annual Culinary + Cocktail Trend Forecast highlighting predictions from its global team of restaurant and beverage talent. Freeze-Dried Fruit & Veggie Powders Freeze drying fruits or vegetables enhances both flavor and texture in beverages.
Where to Tap into Hidden Revenue If you want to boost profits, the quickest way isn’t to raise menu prices or cut portions, it’s to go straight to the source of your costs: manufacturers, distributors, and beverage companies. On top of that, I upgraded all my beverage coolers and dispensing equipment at no cost.
While cleanliness shapes a cafe’s reputation from a customer’s perspective, the unseen practices behind the bar have far broader implications for equipment longevity , coffee quality, and customer and staff health. You may also like our article on why equipment longevity needs to be a priority for coffee shops.
In this challenging year, one bright spot for the industry has been the booming popularity of ready-to-drink (RTD) alcoholic beverages. For the three years leading up to the pandemic, RTD alcoholic beverages were the fastest-growing category, up almost 20 percent, as sales of spiked seltzers such as White Claw and Bon & V!v
Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S.
Over the past decade, the restaurant business has been changing with the innovations in cooking equipment and advent of ghost and cloud kitchen. These are the future of commercial cooking and the cooking equipment industry must be ready for it. These equipment will allow chefs to cook food to perfection. 3D Printing and Food.
In this episode of The Main Course host Modern Restaurant Management (MRM) Executive Editor Barbara Castiglia discusses why restaurants need to think about their beverage lineup with Luke Emery, CEO of Tractor Beverage Co. A strong beverage program can help. “Restaurant margins are thin, especially now.
By mid-2024, 82 percent of food and beverage operators were still actively recruiting, with chefs and cooks comprising 30 percent of open roles. Enhance managerial training : Equip managers with tools to foster a positive workplace culture. This financial strain could dampen discretionary dining expenditures.
A trendy cocktail and beverage selection can truly transform an event and now is a good time for event planners to recalculate and learn about trends so they will be prepared and armed with knowledge when businesses are back up and running. need to be in the know with all the upcoming trends.
Connected Equipment. The latest cloud-based solutions let you and your staff view, track and customize all your smart equipment from one, simple space. Below are some ways connected equipment can help reduce downtime and increase efficiency: Adjusting cook times, modes and more remotely. Automatically switching modes (i.e.
As cash intensive businesses (CIB), food and beverage businesses have historically been sites of fraud. A process first required for financial services, it has expanded outside that sector to help those running food and beverage businesses of any scale. From Finance and Banking to Food and Beverage – How to Do It.
Food and Beverage Inventory and Paper Supplies. Similar to your payroll expenses, your food and beverage expenses are going to vary depending on the type of restaurant you run. In general, overhead expenses related to food and beverages should be between 35 and 40 percent of your total revenue.
It’s similar to the rise in non-alcoholic beverages—people still want the taste of a great beer but may prefer one with low or no alcohol. These systems will monitor equipment, staff usage, and environmental conditions to not only ensure high up-time and food consistency but to further minimize waste and energy consumption.
Whether you need to purchase catering equipment, renovate space for private events, or expand your kitchen capacity, good business credit translates to more options and potentially better terms. Look for net-30 accounts with food, beverage, packaging and/or equipment vendors.
At a time when most food and beverage leaders wouldn’t consider launching a new concept without a deep dive into the data, most lack even basic information about technology maintenance that could drive cost-saving, satisfaction-enhancing change. But they will devote little strategic thought to longer term maintenance and support.
Set up your livestream with the equipment and virtual event platform of your choice. These could include cocktails, food and beverage tastings, appetizers, main courses, desserts, event decor, and just about anything else you can think of. Does your venue host live entertainment such as bands, DJs, or comedy? Classes and Tastings.
Implement Proper Lifting Techniques Training for Restaurant Staff Restaurant staff frequently handle heavy items like ingredient boxes and beverage kegs. Regularly Inspect and Maintain Restaurant Fire Safety Equipment Functional fire safety equipment is non-negotiable for your restaurant's safety and longevity.
Really, wherever food and beverage has an intentional focus on quality and customer experience, fine tea has a rightful place – just like wine and craft beverages. An Alternative to Coffee, Carbonated Beverages and Alcohol. These are just a few of the many options. More Sophisticated Consumer Palates. in product cost.
Already one of the largest sectors of the global economy, the food and beverage industry shows no signs of slowing down. In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 percent from $6,729.54 billion in 2022 to $7,221.73
Food & Drug Administration (FDA) has updated and released a best practice guide focused on food and beverage service during the COVID-19 pandemic. New recommended standards account for the likely continued implementation of social distancing and sanitation protocols, which will all increase operational costs immediately.
ChatGPT’s generated image capabilities are particularly concerning for the food & beverage industry because abusers may try to complain about poor service or food quality using fake receipts to get freebies, gift cards or comped meals. What are some things restaurant operators do to protect their businesses from AI-generated fraud?
It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. Your cost of goods sold (ingredients, beverages, packaging, etc.) Good profit margins are what allow you to reinvest in your team, upgrade equipment, expand your menu, or just take a breath between shifts.
Detecting leaks (pipes or equipment) in the kitchen to prevent costly damage or downtime. For example, IoT devices can be used to proactively monitor the performance of equipment over its lifetime to predict when it may need maintenance or repairs before issues arise. The benefits extend to food safety as well.
The holidays bring an increase in beverage inventory, particularly kegged inventory for bars and restaurants centered around draft programs. At this time of year, customers look forward to (and are willing to pay for) new and special experiences, especially when it comes to food and beverage. Design Your Holiday Customer Experience.
Accuracy of food order leads the way at 88, while beverage quality and waitstaff performance both score 86. Mobile app reliability is 1 percent lower at 84, matching beverage quality, staff courtesy and helpfulness, food quality, and website satisfaction (the only metric to increase in 2025). BBQ sales also jumped 31 percent.
Long before the pandemic, hoteliers were looking for ways to refresh their properties' food and beverage offerings, and the pandemic presented the ideal opportunity for restaurants to enter the hotel sphere. Contrary to popular belief, the main driver for any hotel is not the food offerings, but the beverage offerings.
Furthermore, the testing of new equipment, including warming racks and pizza lockers that hold multiple orders of hot pizza with quick and secure access, are operationally designed specifically for pick-up and third-party delivery needs.
That means juggling everything from hiring and managing staff; deciding on your menu and any day-to-day changes; ordering food, beverages, dishes and other kitchen and dining room essentials; to handling to-go and pick-up orders, among other tasks. With all these responsibilities, it can be a struggle to maintain profitability.
From restaurants and grocery stores to hotels and hospitals, commercial refrigeration plays a vital role in preserving the freshness of food and beverages. They are equipped with shelves, racks, and compartments, providing a well-organized environment for storing different types of food and beverages.
With real-time data into consumer behavior data, the solution offers immediate, location-specific food and beverage insights into an industry that is changing faster than ever before. ” “Tastewise has been incredibly valuable in helping us to uncover white spaces in the food and beverage industry. BIBO Beverage Debuts.
In addition to more wide-ranging compliance requirements like general health & safety guidelines and local labor laws, there are food and beverage-specific safety regulations , requirements for specialty licenses (such as those to serve alcohol), and unique stipulations on labor compliance, many related to the employment of minors.
In other words, for a very long time membership had little concern for the financial viability of the food and beverage department – this was simply a service for members that was expected to be there, in any shape or form that members wanted, when it was sought. Today’s club food and beverage department must be financially viable.
The RRF will provide tax-free grants for food and beverage venues that lost revenues in 2020. Business food and beverage expenses. equipment, accounting, training, legal, marketing). If you have any questions on the process, reach out to an experienced accountant to walk you through the process. How will the program work?
The edition of MRM Research Roundup features restaurant payment transaction data, foodservice equipment purchasing and the lasting appeal of chicken sandwiches. Foodservice Equipment Purchasing Up. Rent Struggle Is Real. ” How are Consumers Feeling? KWIPPED’s data shows: ?
Buying the lowest priced materials or hiring the lowest-bidding contractors can lead to shoddy workmanship, cheap and flimsy furniture, furnishings, and equipment that will inevitably break down sooner than higher quality goods and materials. Pitfall #5: Hiring an architect without food and beverage experience.
The goal of an effective water filtration system in a restaurant setting, then, is to remove these impurities and contaminants before they make their way into equipment, foods, and beverages. In fact, it could increase the productivity and lifespan of your kitchen equipment significantly. Types of Water Filtration Systems.
Another alluring factor are beverages which are more difficult to replicate at home, such as espresso-based beverages since fewer consumers have the equipment capabilities to produce at home. This consistency is the backbone of Franke Coffee Systems automated equipment benefits. Learn more at us.coffee.franke.com.
As per the International Organization for Standardization, a service robot performs functional tasks for humans or equipment, excluding industrial automation applications. In addition, in January 2021, Hyundai Robotics launched what it describes as a “food and beverage service robot” for the restaurant and catering sector.
Deploy Preventative Maintenance Engage with a revered service, to conduct preemptive inspections, averting the peril of equipment failures during critical operational periods. Empire Cooler Service offers a selection of high-grade equipment poised to meet any culinary challenge.
In total, the system consists of an inventory of 10,000 recipes, and can interpret various languages, units of measurement and local kitchen equipment. In the third phase, the aim is to create digital twins of consumers, allowing Le Pain Quotidien to ask them what they would like to eat and drink at the eateries. In addition, Alain.AI
The food and beverage industry is on a hiring frenzy. A recent study by The Bureau of Labor Statistics revealed that, despite regular hiring since this spring, the food and beverage industry still remains 1.5 It is worth noting that, even before the onset of Covid-19, the food and beverage industry was experiencing a shortage in labor.
Examples include: Food and beverage costs Hourly wages for staff Takeout packaging and containers Credit card and online processing fees These costs are usually the easiest to adjust and optimize in real time. Variable Costs: Expenses Tied to Sales Volume Variable costs rise and fall depending on how busy you are.
Many products in the food industry can be NSF certified, including food equipment, water heaters, commercial refrigerators and storage freezers, manual food and beverage dispensing equipment, oven mitts, tools used around food and prep areas, and more.
As such, restaurants are investing in training and development programs to upskill their workforce, ensuring team members are equipped to handle the latest tools and technologies. In the same vein, the demand for tech-savvy employees who can navigate these advanced systems is surging.
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