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Restaurants Will Embrace Accelerating Technology in 2021

Modern Restaurant Management

Indeed, what the restaurant industry thought was on the horizon for 2025 will be implemented in 2021. Disrupted supply chains will continue to plague the food business in 2021, and end-to-end supply chain visibility will be essential to meet challenges created by shortages. Agility will be the focus of technology in 2021.

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Five Reasons Restaurants Are Upgrading Tech in 2021

Modern Restaurant Management

Too many restaurants, even enterprise brands, are still using manual processes for various areas of the business, such as inventory, scheduling, and reporting. These time-consuming tasks not only burn labor hours when you can least afford it but losing track of your inventory will eat away your margins faster than you realize.

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For Restaurants, 2021 Budgeting Will Require a Three-Tiered Approach 

Modern Restaurant Management

The high levels of uncertainty surrounding the future of the COVID-19 pandemic highlight the importance for restaurants to rethink their approach to budgeting for 2021. The timing of that vaccine as well as changing viral conditions as well as other general economic trends will determine restaurant performance in 2021 and beyond.

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MRM Research Roundup: Mid-January 2021 Edition

Modern Restaurant Management

The experts at 7shifts’ released a data-backed study titled “How Restaurants are Evolving Labor with Third-Party Delivery in 2021." To get a sense of how sit-down restaurants are faring to start 2021, foot traffic analytics firm Placer.ai Our industry is resilient and consumer demand for restaurants remains strong.”

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The State of Full Service Restaurants

Modern Restaurant Management

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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The Right Technology Can Help Restaurants Make Key Decisions in Uncertain Times

Modern Restaurant Management

Even after the pandemic-fueled tumult of 2020, few would have predicted the extent to which the industry has been shaped in 2021 by such factors as a major labor shortage, supply-chain issues, and soaring inflation. and reporting.

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Is the Labor Shortage a Wage Shortage?

Modern Restaurant Management

million Americans in November 2021, ultimately have seen 3% of the workforce quit their jobs, with that figure estimated to be double in hospitality. Make Inventory a Best Practice, Not an Afterthought. Far too many stores let inventory slide when there’s a crunch, which is a recipe for spiraling food costs.

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