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2023 brought new challenges to the table for the restaurant industry, from rising foodprices due to inflation to continued disruptions in the supply chain. In addition to the abovementioned sources of data, an increase in reservation and food delivery app use has led to a surplus of diner data.
In 2021, we wrote a blog about increasing food costs as the world was still grappling with the aftereffects of COVID-19. As the prices kept rising, businesses struggled to replace the profit losses and staff shortages that haunted them through the pandemic. has seen a 25% increase in overall foodprices since the end of 2019.
However, since the start of 2021, Randy’s has seen a wave of interest from both domestic and international franchisees. The Costa Mesa location, opened in March 2021 and the first in Orange County, sold over 100,000 donuts in its ten days. The company reported a 24 percent same-store sales increase in March 2021. "We
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