Remove 2020 Remove Point of Sale Remove Purchasing
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MRM Research Roundup: Mid-August 2020 Edition

Modern Restaurant Management

Consumers rallied to support local restaurants, as nearly 40 percent of respondents in the US and 36 percent in the UK noted they purchased more frequently from independent brands during stay-at-home-orders. This is compared to only 23 percent of the US and 17 percent of UK consumers reporting an increase in purchasing from national chains.

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Restaurant Payments Go from Cash to Credit to Contactless – to Cryptocurrency 

Modern Restaurant Management

While some restaurants welcomed cryptocurrency before 2020, many are now turning toward cryptocurrencies because of their real-time payment feature – which gives restaurants a much-needed boost. It would be like earning loyalty points at Dunkin’ Donuts and redeeming them at Arby’s. Loyalty Benefits.

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Restaurant Staffing for Today and Tomorrow

Modern Restaurant Management

Since quarantine lockdowns began mid-March of 2020, restaurants faced unprecedented turmoil. With the median profit margin between 3-5 percent , capacity maximums , and a net industry loss estimated at around $240B by the end of 2020 , every dollar counts. Before global lockdowns, the U.S. restaurant industry suffered from a 74.9

Staffing 493
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Mitigating the Impact of Rising Interchange Fees

Modern Restaurant Management

consumers, 33 percent of these consumers used a credit card for their most recent restaurant food purchase. percent in 2020. A point of sale (POS) system which combines payment processing with restaurant management software can help make restaurant operations run smoother and more efficiently.

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Liquor Licensing 101 for Restaurants in Recovery

Modern Restaurant Management

The 2020 entry period garnered more than 23,600 entries for 62 licenses in 30 counties. Many restaurants now incorporate electronic ID checking machines or set point of sale reminders to specify the birthdate a guest must be born on or after to be served alcohol. Know Your Protocol. Market … Responsibly.

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Standardized Payment Systems Are Key to Success for Franchises

Modern Restaurant Management

Often, franchisees are not provided with their own point of sale (POS) systems and other vital pieces of technology so they end up having to pay full retail prices for these essential items. billion people all around the world were using digital payments in 2020, a jump of 25% from 2017. Standardize Payments Technologies.

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As Your Restaurant Rolls with the Punches of COVID-19, Keep These Tips in Sight 

Modern Restaurant Management

New health codes and reopening mandates, plus the safety and perception of patrons, have made it imperative to invest in COVID-approved inventory including masks, gloves, sanitizers, signage (think: at the door, at point of sale, and throughout), as well as the cost of developing or purchasing new training materials and implementing them with staff.