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New & Notable: TEAM Schostak Celebrates 40, AI in Food Service and Beachy Tech

Modern Restaurant Management

Schooner Capital led the round with follow-on investments from all major and strategic investors to-date, including Osage Venture Partners, Gordon Food Service’s innovation arm Relish Works and Nigel Morris. Founded in June 2018, Manifesto has welcomed over 2,5M guests to date.

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COVID-19 Has Accelerated On-Demand Drone Delivery

Modern Restaurant Management

Prior to the pandemic, Research and Markets had forecast the global drone market to grow from $14 billion in 2018 to over $43 billion by 2024, with drone deliveries set to be the fastest growing application.

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Investing In Digital Technology Is Investing in Food Safety

Modern Restaurant Management

Employee turnover has been higher than ever since the COVID pandemic, with hourly turnover hovering around an unbelievable 194% in the food service industry. This is the largest fine ever in a food safety case. Food safety training and education have never been more critical to the food service industry than they are today.

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How the Restaurant Industry Can Harness Technology to Improve Accessibility and Inclusion

Modern Restaurant Management

Technological advances are helping pave a path towards a more widely accessible food service landscape – both in-person and online. Now, it is up to restaurants to embrace this technology and help build a more inclusive future. Embracing Innovation.

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What the Stimulus Bill Means for Restaurants

Modern Restaurant Management

The enacted version of the bill permits franchise locations to seek loans, because any business in the Food Services sector with not more than 500 employees per physical location is eligible to receive a covered loan. The act temporarily removes the taxable income limitation to allow a net operating loss to fully offset income.

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Three Simple Ways Restaurant Owners Can Boost Retention and Drive Recruitment 

Modern Restaurant Management

The food and beverage industry employed more than five million Americans in 2018, according to the United States Bureau of Labor Statistics (BLS). With such a significant portion of the American economy involved in food service, the business health of America’s restaurants can have a significant ripple effect.

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Chargebacks: A Fast-Growing Threat Facing the Restaurant Industry

Modern Restaurant Management

The sales model referred to as “buy online, pick up in store”—commonly shortened to BOPUS—is one of the fastest-growing trends in the food service industry. According to the 2018 State of Chargebacks survey, 28 percent of respondents in the food and beverage industry reported having a chargeback rate between 0.5