Modern Restaurant Management

OCTOBER 16, 2023

Source: *Causeway Solutions 2023 Dining Out and Household Spending Now that we know a little bit about overall dining habits, we looked at how people’s feelings and attitudes about other things influence their dining preferences. Nearly a third of restaurants (29 percent) are considering raising prices.

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Cheetah

SEPTEMBER 30, 2021

But the root cause of the current food chain crisis and rising food prices runs deeper than that. Learn how this affects your business, from restaurant suppliers struggling to keep up, to rising food prices led by labor shortages and increased consumer demand for quick, cheap food. Energy prices are very high right now too.

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Modern Restaurant Management

JANUARY 30, 2024

Typical restaurant KPIs involve monitoring costs around food, labor and supplies, pricing adjustments, table turnover rates during peak periods, customer wait times, promotion effectiveness, brand sentiment on review sites, and training completion rates. What kind of decision authority are you expecting in return for capital investments?

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Leadership Small Business Cash Management Customer Experience 204

ChowNow

OCTOBER 26, 2023

The goal was to see what factors influence customer satisfaction the most, and SoundHound used two methods to find out. For example, when asked directly, most diners listed quality of food, cleanliness, service, and pricing as the biggest influences on customer satisfaction, which isn’t surprising.

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Modern Restaurant Management

APRIL 28, 2022

Today, virtual brands are disrupting the foodservice industry, with celebrities, YouTube stars and influencers helping them go mainstream. Case in point: demand for chicken wings skyrocketed during the pandemic, resulting in wholesale prices doubling in many markets. Virtual Brands are Influencer Magnets.

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Perfect Daily Grind

JUNE 4, 2023

When we think of innovation in specialty coffee, many of the countries that first come to mind are often Scandinavian – and rightly so. Places like Australia, New Zealand, Japan, South Korea, Taiwan, and the US have all become pioneering forces in specialty coffee – and continue to drive innovation in the sector.

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ChefMod

OCTOBER 20, 2021

They harnessed the power of technology to innovate new solutions to avoid shutting down. The catering sector is no different and can benefit from innovative technology. Food costing solutions eliminates the dull, tedious manual work associated with food costing and pricing processes. Account for external forces.

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Modern Restaurant Management

SEPTEMBER 17, 2022

Beyond Basic Balancers : The team found many cocktails that were made using an innovative variety of methods or modifiers to balance the drink or add layers of flavor. In addition, bartenders are mixing sparkling wine of all styles and prices into their cocktails to add effervescence, crispness or sweetness to the experience.

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Chowly

FEBRUARY 23, 2024

However, challenges persist with rising prices across various categories, potentially impacting household budgets. Food and Menu Trends Consumer preferences and economic dynamics influence food and menu trends. Conclusion In summary, the restaurant industry in 2024 stands at the intersection of resilience, innovation, and adaptability.

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Modern Restaurant Management

FEBRUARY 18, 2020

According to a December 2019 report by commercial real estate giant CBRE using data from eMarketer, Generation Z’s spending is now at approximately $143 billion per year, with an additional influence over $450.5 billion in spending by others.

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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. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

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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.

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Modern Restaurant Management

OCTOBER 6, 2022

Instead of including your usual dishes, mix things up a bit and develop some innovative new offerings. Don't forget that the happy hour crowd is a price-sensitive bunch. So, it's important to make sure that your happy hour specials are truly appealing from the price point of view as well.

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Loyalty Program Social Media Point of Sale Customer Experience 204

Future Food

NOVEMBER 7, 2021

As we have endured the past 18 months of the pandemic it is not accurate to say that Covid-19 has influenced the trends we will see and experience in the near future, as many trends were already starting to gather momentum, the pandemic has however accelerated their inevitability. Menus and food designed to travel.

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Squirrel Systems

FEBRUARY 16, 2024

As we settle into 2024, the restaurant industry stands on the cusp of transformative changes, shaped by evolving consumer preferences, sustainability concerns, and a relentless pace of technological innovation. This agility is crucial for staying relevant in a market where culinary innovation is critical.

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Mad Mobile

JANUARY 23, 2024

Innovative retailers can stay ahead of the competition by making informed predictions and taking action based on those predictions. Many retailers are leveraging predictive AI algorithms to anticipate customer preferences, optimize inventory levels, and strategize pricing. and “Community Cares” to further promote the brand.

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Modern Restaurant Management

DECEMBER 21, 2023

In 2024, we’re watching for continued and renewed innovation in the creator market that will extend into the on-premise – giving sellers richer options with greater variety that will bring uniqueness and premiumization to on-premise draft programs.

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Modern Restaurant Management

DECEMBER 21, 2022

The technology space is still the “wild west” in the spirits realm, and it is likely that technology will continue to innovate, and inevitably consolidate, the playing field. Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price.

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7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! You could have the best coffee, tastiest treats, and the most innovative concept, but all of that can be easily compromised if your shop isn't in the right location.

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Perfect Daily Grind

MAY 10, 2023

From actors and professional athletes to musicians and social media influencers , celebrity endorsements have been a key part of coffee marketing as far back as the early 1980s. For this price, the coffee also comes with a collectible booklet featuring original Samra Origins artwork.

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Perfect Daily Grind

APRIL 4, 2023

Building trust Pedro believes that rather than explaining complex issues, such as the volatility of the C price, consumers want reassurance that the brands they buy from have ethical business practices. Maybe buying some coffee to address that, even in a small way, helps to absolve some of that guilt,” he says.

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Modern Restaurant Management

OCTOBER 18, 2021

We saw “homegating” become a trend in 2020 and have concluded that because of the innovations being introduced in the space, it will continue for years to come as consumers are now accustomed to enjoying direct-to-consumer food and beverage options.

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Modern Restaurant Management

NOVEMBER 17, 2020

Two weeks before my first Valentine’s Day at Edible Arrangements, torrential rains wreaked havoc on California’s strawberry crops, impacting price and quality. There were power outages, increased fuel prices, and ever-changing labor laws. It’s your branding, marketing, and pricing. It wasn’t that either.

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EATER

APRIL 30, 2024

Foods influenced by Laos are especially prominent among Isan’s farm workers because they’re easy to assemble, transportable, and eaten by hand with local leaves and herbs. But in Bangkok, these Laotion influences aren’t seen as anything to be proud of. The [tasting menu] courses are meant to be innovative,” he says. “I

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Modern Restaurant Management

DECEMBER 21, 2020

Chris Prociv, VP Marketing & Innovation at La Brea Bakery. The restaurant industry continues to face many pandemic-induced restrictions, and rather than giving up, brands have decided to innovate. Even in the worst of times comes innovation. Flexibility and innovation are key words now and moving forward.

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Perfect Daily Grind

JANUARY 15, 2023

However, he notes that there could be a number of challenges which could influence growth. “We We expect more competitor brands to enter the market, as well as a possible decline in the supply of raw materials, and in turn, price increases. Pedro believes that oat milk’s popularity is unlikely to wane anytime soon.

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Sustainability Beverage Article Food Supply 170

Future Food

DECEMBER 5, 2019

This space is receiving enormous focus & financial commitment in the field of continuous product development & innovation. Influencing the vegan pallet – extending plant-based meat replacement flavours & textures beyond “facon” to entice & further encourage the flexitarian movement away from meat.

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Hospitality 2020 Food Point of Sale 145

Perfect Daily Grind

OCTOBER 23, 2022

However, it’s clear that Covid-19 shifted how coffee businesses operate , which ultimately influences the motives behind acquisitions. While there has clearly been interest in acquiring coffee brands for well over a decade, Covid-19 has certainly influenced growth strategies for many companies. Has Covid-19 changed things?

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Perfect Daily Grind

APRIL 17, 2023

Ultimately, this had a huge influence on direct trade as we know it today, where roasters can buy as little as one bag from a farmer or co-operative. These includes market prices for coffee. While working at coffee brokerage B.C. Moreover, Erna also was a pioneer in making the global coffee industry more inclusive for women.

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Perfect Daily Grind

FEBRUARY 26, 2023

There is no denying the influence of Nordic roasters on specialty coffee as we know it today. Moreover, Scandinavia’s rich history of coffee consumption – along with Nordic consumers’ overwhelming preference for higher-quality and sustainably-sourced coffee – has only continued to drive innovation in the international coffee industry.

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The Restaurant Times

JANUARY 18, 2022

Every company needs a marketing plan that addresses the “Four Ps” of product, pricing, place, and promotion. Recruiting local influencers is also a low-cost and low-effort strategy to reach a wider social audience. After all, challenges drive innovation.

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Tableo

JULY 11, 2023

Feature mouth-watering food deals Create a specific happy hour menu for food that offers a variety of appetisers, small plates and sharing dishes at reasonable pricing. To reach a larger audience, think about working with influencers or placing targeted internet ads. Read our post on digital marketing domination for more ideas.

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Social Media Seasonal Menu Reservations Customer Experience 42

Modern Restaurant Management

FEBRUARY 10, 2020

We look forward to continuing to innovate and find ways to make ordering plant-based at Taco Bell even more accessible at a great value,” said Taco Bell Corp Chief Food Innovation Officer Liz Matthews. We have long been a haven for vegans and vegetarians, who replace meat for beans on almost any of our menu items.

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Hospitality Food Consumer Goods Point of Sale 184

ChefMod

OCTOBER 6, 2021

For the past 18 months, the restaurant industry has had to come up with innovative solutions to aid their effective transition into the new normal and reduce the effects caused by the pandemic. Luckily, it is faster, more convenient, and allows you to compare different prices from different vendors.

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Restaurant Clicks

SEPTEMBER 15, 2021

TEN serves innovative American (Montana) cuisine with an international twist. Here you can enjoy a fine-dining American bistro with regionally influenced cuisine. Juliano’s Restaurant is notable for its American cuisine with Asian and European influence. Cajun influence pairs with contemporary steakhouse cuisine.

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Fast Casual Fine Dining Online Ordering Back of House 174

Perfect Daily Grind

MARCH 12, 2023

As green coffee is highly susceptible to a number of environmental conditions, the wood of the barrel will influence the flavours in the coffee. Even small or relatively newer roasters want to drive innovation and want to differentiate themselves. “You want the green coffee to absorb some of the flavours of the barrel,” he tells me.

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RGU

FEBRUARY 25, 2020

According to a December 2019 report by commercial real estate giant CBRE using data from eMarketer, Generation Z’s spending is now at approximately $143 billion per year, with an additional influence over $450.5 billion in spending by others.

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Marketing Social Media Fast Casual Influencer 52