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What Does 2024 Look Like for the Restaurant Industry?

Modern Restaurant Management

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. The survey also showed 75 percent of respondents expected their labor costs to increase in 2023.

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MRM Research Roundup: Super Bowl and Valentine’s Day 2024 Edition

Modern Restaurant Management

Future of Commerce Square released its fourth annual Future of Commerce report , with comprehensive analysis on how business owners and consumers are considering the evolution of the restaurants, retail, and beauty industries. In fact, consumers are split 50/50 in their preference between digital and physical cards.

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2024 Outlook: Glass Half Full? 

Modern Restaurant Management

It’s a common assumption that past performance is the best predictor of future behavior, but the last few years have been anything but common. Nearly 50 percent of survey respondents reported they spent less time dining out at fast casual, full service and breakfast spots. percent in December 2023 vs. 6.5

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Five Ways to Capture Frequent Users in a Tightening Economy 

Modern Restaurant Management

” When we asked nearly 800 US consumers about past and future restaurant usage, consumers whofrequented restaurants ten or more times per week (frequent users) are twice as likely to increase their future use. It also reveals the importance of loyal-to-dining customers, or as we call them, “frequent users.”

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Coffee News Recap, 26 May: Robusta futures reach 15-year high, Canada & Denmark announce National Coffee Championship winners & other stories

Perfect Daily Grind

Mon, 22 May SCA announces speaker schedule for 2023 Education Summit to take place in Busan, South Korea. The 2023 Education Summit will take place on 31 May & 1 June. USDA anticipates 2% rise in India’s coffee exports in 2023/24 season. Benjamin Put wins 2023 Canadian Barista Championship.

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Should Momofuku Own the Term ‘Chili Crunch’?

EATER

In a cease-and-desist letter sent March 18, 2024, Momofuku’s lawyer accuses Malaysian food brand Homiah, maker of Sambal Chili Crunch — called Crispy Sambal prior to 2023 — of infringing on its trademark rights. In 2023, Momofuku Goods brought in $50 million in sales , according to CEO Marguerite Zabar Mariscal.

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93 Restaurant Industry Statistics Every Food Service Operator Needs to Know in 2024

Apicbase

2023 has been a challenging year for restaurant operators, caught as they were between rising food costs and labour shortages. In a 2023 survey, 29% of operators said they are very likely to open new locations in 2024. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. million in 2021, to $974.9

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