7 Shifts

MAY 23, 2024

During this time, your customers scan the menu, go through the descriptions, and review the prices before deciding. Offer smaller portions as options Large and generous food servings are usually welcomed by customers who love a good deal, as they can get more food by paying less. This is according to a study by Toast.

Social Media 195

Social Media Loyalty Program SEO Email Marketing 195

Modern Restaurant Management

MARCH 21, 2023

Many brands have been experimenting with new technology to help reduce the demand for labor and combat recent price inflation. Smart menus and app-based ordering are examples of platforms that allow brands to relay information to customers in real-time, saving time and resources in communicating or justifying a price change.

Technology 186

Technology Consumer Goods Waste Supplies 186

Modern Restaurant Management

SEPTEMBER 19, 2023

However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. Sellers would make money from foods that they would otherwise throw out, while buyers would get good deals.

Food Supply 125

Food Supply Food Waste Supplies 125

Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. This is important because the material shifts in consumer behavior are largely associated with how they choose to discover, purchase, and receive their goods from restaurants. Tracking Supply Chain Flow.

Supplies 214

Supplies Management Management Food Supply 214

Hot Schedules

FEBRUARY 4, 2022

Five Steps to Reducing Waste. The Impact of Food Waste. U S hotels contribute to the generation of 131 billion pounds of food waste every year , resulting in an enormous environmental impact, and a big dent to profit margins. Waste stretches beyond the physical, say, head of lettuce you’re throwing in the trash.

Waste 78

Waste Hotels Inventory Food Order 78

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. In the face of intense competition and fluctuating consumer demand, consistently turning a high profit becomes a monumental task. How are a Restaurant’s Profits Measured?

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

JANUARY 22, 2024

This industry seeks to develop a value proposition that speaks to its consumers and convinces them to dine in their restaurants. We have compiled a list of factors based on extensive research on consumer psychology and behavior trends. Leverage consumer data to learn about preferences, dietary restrictions, and favorite foods.

Loyalty Program 152

Loyalty Program Dietary Restrictions Mobile Ordering Social Media 152

Culinary Cues

DECEMBER 17, 2020

Now, this alone might not keep the average consumer or politician up at night, but what they fail to understand is that restaurants are at the center of a broad eco-system of businesses that are inter-dependent. A reduction in restaurant business leads to crop waste, unplanted land, and serious cash flow problems for farmers.

Uniforms 470

Uniforms Cash Management Brewery Consumer Goods 470

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. By injecting a sense of playfulness into their interactions with consumers, brands are creating unforgettable experiences that build lasting relationships.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Modern Restaurant Management

OCTOBER 16, 2023

With those stats in mind, Causeway Solutions conducted consumer research* on today’s dining trends compared to our research over the past few years. By 2021 we asked the question a little differently and found 22 percent of consumers said they were currently eating out but 16 percent still said they would not until the pandemic ended.

Fast Casual 209

Fast Casual Fine Dining 2023 Casual 209

Modern Restaurant Management

MARCH 20, 2024

Facing harsh headwinds in the form of stiff competition, tough macroeconomic conditions, and ever-evolving consumer preferences, running and scaling a successful restaurant business requires a nimble approach that encompasses four key focuses. Each metric tells its own story about the health of the business.

2024 177

2024 Cash Management Food Sustainability 177

Ken Burgin

JULY 23, 2023

Give answers that appeal to a restaurateur or accountant with fairly sophisticated financial understanding and good analytical skills.’ Contribution Margin Analysis: By determining each item’s contribution margin (selling price less variable cost), the Interpreter can help identify which items bring the most marginal profit per sale.

Menu 113

Menu Seasonal Menu Point of Sale Pricing 113

Hot Schedules

APRIL 20, 2019

Five Ways to Reduce Waste. The Impact of Food Waste. US Restaurants generate between 22 and 33 billion pounds of food waste every year. All that waste adds up. The EPA estimates that food waste is the single largest category in any given landfill. First, all the resources required to produce it are wasted.

Waste 60

Waste White Paper Cash Management Inventory 60

7 Shifts

OCTOBER 8, 2021

Prime cost is the sum of direct labor costs and the cost of goods sold (CoGS). Cost of goods sold is the raw material cost of your beverages and food, and labor cost is made up of payroll, employee benefits, taxes, and bonuses. The first half of your prime costs is your cost of goods sold, or COGS. Table of Contents.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

Modern Restaurant Management

JUNE 18, 2021

The COVID-19 pandemic led to fluctuations in domestic producer prices, particularly in the food sector , according to the U.S. Combine the rising prices of food with the drive to be more sustainable, and we have reached the point where we need to reduce, reuse, and shop local. Rather than waste food, we can redistribute it.

Sustainability 199

Sustainability Tip Distribution Food Food Supply 199

Tableo

JULY 27, 2023

In this guide we will delve into food & beverage (F&B) control methods to help you generate profitability and uphold good standards. Here’s why it’s so important: Cost management: Good F&B management enables you to control expenses, cut waste, and boost profit margins. So let’s dive in!

Beverage 75

Beverage Food Inventory Waste 75

Modern Restaurant Management

OCTOBER 18, 2022

Historically high gas prices are pushing consumers towards EV options. Additionally, growing numbers of new EV models – and government sales incentives – are sparking consumer interest. Consumers’ needs will change as they transition to EVs. Attract consumers, employees, and investors.

Audits 185

Audits 2040 Food Safety Consumer Goods 185

7 Shifts

AUGUST 6, 2021

When successful, they keep a restaurant in the black - but they require time, dedication, and a good bit of math to get right. Inaccurate sales forecasting can result in wasted funds on labor, inventory, and even operating expenses for the restaurant. Here's how to arrive at a good number for your projection: Look at past data.

Seasonal Menu 370

Seasonal Menu Point of Sale Inventory Food Supply 370

Cheetah

JANUARY 28, 2022

Not only can it significantly reduce your operating costs, having an immediate impact on your bottom line, but conscious consumers are also happy to pay a bit extra knowing that they can feel good about where they dine. Now is the time when consumers are most excited to support your sustainable initiatives! No, not quite.

Sustainability 148

Sustainability Consumer Goods Waste Food Supply 148

EATER

NOVEMBER 21, 2022

Can an app promising discount, end-of-day goods make a dent in America’s food waste problem? I counted the minutes until the kids went to bed and I could make good on their parents’ offer: Eat whatever snacks you like. Too Good To Go, which launched in 2015 in the U.K. Lille Allen/Eater.

Waste 106

Waste Consumer Goods Food Truck Front of House 106

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.

2022 178

2022 Fast Casual Customer Service Food Safety 178

Modern Restaurant Management

MARCH 20, 2023

For example, the Christmas period typically brings with it increased sales, whereas January signifies a downturn in disposable income for most consumers. Review the cost of goods sold Are your prices appropriate for your goods, and will they need to be adjusted in the future?

Cash Management 187

Cash Management Point of Sale Consumer Goods Sourcing 187

Perfect Daily Grind

JUNE 10, 2022

Robusta prices drop as Brazil continues 2022/23 harvest. Between 29 April and 31 May, robusta prices dropped by 10.57% to BRL 708.25 Arabica prices hit three-month high following on from Brazil’s drought concerns. Korean National Barista Championships and Coffee in Good Spirits Championships held in Goyang.

Pricing 126

Pricing Webinar 2022 Recycling 126

7 Shifts

AUGUST 4, 2020

It’s no surprise the food industry leaves behind a large footprint—and while much of the supply chain is inevitable, there are many innovative and simple steps we can all take to reduce waste and our own carbon footprint. Takeaway: By showing your commitment to reducing plastic waste, you’ll encourage customers to do the same.

Waste 300

Waste Food Supply Seasonal Menu Equipment 300

Cheetah

JANUARY 30, 2022

This has inflated prices and made disposables hard to come by. To secure supplies with confidence, restaurants are turning to Cheetah for a wide variety of traditional and eco-disposables at competitive prices. Consumers Willing to Pay More for Eco Friendly Disposable. Restaurant Supplies.

Supplies 148

Supplies Food Supply Compost Back of House 148

Cheetah

JANUARY 30, 2022

This has inflated prices and made disposables hard to come by. To secure supplies with confidence, restaurants are turning to Cheetah for a wide variety of traditional and eco-disposables at competitive prices. Consumers Willing to Pay More for Eco Friendly Disposable. Restaurant Supplies.

Supplies 148

Supplies Food Supply Compost Back of House 148

Modern Restaurant Management

MAY 17, 2023

As one of the largest generations of consumers, they continually influence the ways restaurants innovate, and there are identifiable characteristics that differentiate Gen Z consumers from their older counterparts. Dynamic pricing on these platforms might be necessary to combat some of the lost revenue due to fees.

Loyalty Program 186

Loyalty Program Mobile Ordering Social Media Customer Experience 186

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Seasonal Menu 52

Seasonal Menu Food Waste Loyalty Program 52

Deliverect

DECEMBER 10, 2019

Around 3 out of 4 millennials are willing to pay more for sustainable products, as is 66 percent of consumers around the world*. By working towards less (food) waste and a more seasonal and locally-sourced menu, you’ll quickly be able to get on the right track. #1 1 REDUCE WASTE. 2 FIGHT FOOD WASTE.

Sustainability 107

Sustainability Seasonal Menu Compost Recycling 107

Modern Restaurant Management

DECEMBER 20, 2021

The pandemic forced restaurants to adapt to not only a new, leaner business model but also to new consumer behavior. So what makes a good contactless menu? A good mobile experience. The good news is that it’s never been easier for restaurants to design professional-looking, state-of-the-art online menus.

Mobile Ordering 225

Mobile Ordering Online Ordering Consumer Goods Customer Experience 225

7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. One of the most powerful features is direct integration with Google.

Operations 367

Operations Management Management Mobile Ordering 367

Future Food

NOVEMBER 7, 2021

Whilst some food and hospitality businesses chose to pivot their businesses early, out of necessity, others have elected to respond to changes in consumer preferences and are quickly reshaping the food and hospitality landscape in front of our eyes.

2022 148

2022 Food Supply Entertainment Hospitality 148

Modern Restaurant Management

MAY 5, 2022

While high stock prices of crypto companies like Bitcoin grab headlines, they are gaining traction with consumers since blockchain technology helps make transactions easier without needing an intermediary such as a bank or credit card company. For both restaurants and consumers, false reviews are a problem. Authentic ratings.

Serving 183

Serving Loyalty Program Food Supply Point of Sale 183

Modern Restaurant Management

DECEMBER 21, 2021

While some brands have already begun passing costs on to consumers without too much pushback (Chipotle, McDonald’s), brands will need to closely monitor customer response, as value-oriented customers are likely to begin to be more price sensitive as they also feel pressure from inflation. Improve Back-Office Processes.

Point of Sale 190

Point of Sale Supplies Back of House Customer Experience 190

7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. One of the most powerful features is direct integration with Google.

Operations 353

Operations Management Management Mobile Ordering 353

Hot Schedules

JULY 8, 2021

It’s complicated, time-consuming, and often requires opening early or closing late. But smart operators know the importance of good inventory management technology. Consumer Price Index research indicates rapid inflation in early 2021, so you could understand why operators are increasingly concerned. Increased food waste.

Inventory 127

Inventory Management Management Food Supply 127

Perfect Daily Grind

DECEMBER 21, 2022

First and foremost, weighing milk-based beverages can help to reduce milk waste, which is particularly useful for coffee shops. Of course, this leads to leftover steamed milk, which if not used for other beverages, can quickly increase a coffee shop’s waste costs. Considering the impact on baristas and consumers.

Beverage 171

Beverage Waste Training Consumer Goods 171