Modern Restaurant Management

NOVEMBER 24, 2021

Restaurants have faced labor shortages, supply and equipment shortages, and climbing food prices, with no past playbook on how to navigate the crisis. To help operators move forward, let’s take a look at some of the challenges the industry has experienced in 2021 and how they can come out on top in 2022 and beyond.

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Purchasing Food Prices Chef 189

Modern Restaurant Management

APRIL 5, 2022

According to The Wall Street Journal, food prices are estimated to rise on average five percent in the first half of 2022, while other sources point to a seven-percent increase by the end of the year. This estimate will likely be well under the price jump as fuel costs continue to rise. Increase in Costs.

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Food Prices Purchasing 197

Modern Restaurant Management

JULY 6, 2022

While 2021 was the year of the comeback for restaurants, 2022 is proving to be a very different story. By decreasing overall disposable income, inflation erodes consumer purchasing power. Effect of Inflation on Consumer Demand. Higher inflation affects restaurant owners, operators and their customers.

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Purchasing Food Prices 197

GFI

APRIL 11, 2023

retail declined slightly in 2022, global retail sales saw significant growth and consumer tailwinds remain strong. Global retail: Global retail sales of plant-based meat in 2022 were $6.1 Inflation: Average price-per-unit increased across plant-based meat, animal-based meat, and total food. billion in 2022.

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Purchasing Food and Beverage Food and Beverage Point of Sale 52

Modern Restaurant Management

JUNE 30, 2023

Own Your Changes In March 2023, restaurants’ food prices were 8.8 percent higher than in March 2022. When adding in the rising cost to attract and retain labor, it’s understandable that restaurants might raise prices to stay afloat. They are expected to increase 6.5 percent this year.

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Modern Restaurant Management

AUGUST 10, 2022

Food prices are soaring amidst supply chain disruptions, increasing labor costs, and processing plant shutdowns. Poultry prices are up 15 percent to 18 percent ; the cost of eggs has risen 73 percent. Restaurants must keep innovating to elevate the diner experience. It’s a tough time to be in the restaurant business.

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Modern Restaurant Management

FEBRUARY 5, 2024

While Asian street foods remain popular, diners discovered and ranked more Korean places to eat like O’Kims (#58) cooking up authentic Korean cuisine in Honolulu. In fact, of the 62 percent of consumers who purchased a gift card for themselves in the previous year, 25 percent indicated doing so for budgeting/money management purposes.

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Food and Beverage Food and Beverage Purchasing Staffing 196