Modern Restaurant Management

JUNE 22, 2022

Food prices are rising all over, how can you manage with a high-ticket item such as lobster? You are right, food prices have risen, and we are at a high level with lobster, however, we believe lobster prices will start to go down as we get further into the season especially as new shell (soft shell) lobsters arrive.

Food Prices 474

Food Prices Purchasing Customer Service Customer Service 474

Modern Restaurant Management

JANUARY 13, 2023

Since the pandemic, restaurants have endured a plethora of issues ranging from fluctuating dining restrictions to supply chain issues to rising food prices. But arguably no issue has proven to be as constant and bedeviling as the labor shortage.

Staffing 528

Staffing Food Prices Customer Service Customer Service 528

Modern Restaurant Management

OCTOBER 31, 2022

Ongoing inflation, higher interest rates, escalating food prices, and a tight labor market across industries add to the uncertainty. As the winter months quickly approach, restaurants must prepare to continue serving their customers while navigating weather and health and safety challenges.

Food Prices 474

Food Prices Purchasing 474

Modern Restaurant Management

APRIL 10, 2023

Additionally, with the cost of living continuing to skyrocket and food price inflation at a record high, customers are increasingly focusing their spending where they are likely to garner some type of benefit. Ultimately, this results in greater sustainability, both environmentally and economically.

Recipes 486

Recipes Staffing Food Prices Customer Service 486

Modern Restaurant Management

SEPTEMBER 19, 2023

However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. It's already helping to prevent supply chain shortages and eliminate food waste.

Food and Beverage 322

Food and Beverage Food and Beverage Inventory Food Prices 322

Modern Restaurant Management

FEBRUARY 14, 2024

Food prices skyrocketed, beer and alcohol prices went up and containing costs has been like trying to catch a tiger by the tail. Who Pays The Credit Card Fee I was against this pre-COVID but so much has changed since then I now believe that the guest should pay the credit card fees.

Food and Beverage 474

Food and Beverage Food and Beverage Food Prices Hospitality 474

Modern Restaurant Management

DECEMBER 27, 2022

We’re still facing product shortages, exacerbated by ongoing supply chain interruptions and the Russian-Ukrainian war stalling food shipments – including 9.5 Inflation is causing food prices – and food insecurity – to soar. . million tons of grain. Technology can boost business operations in a variety of ways.

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Food Safety Food Supply Food Prices Food Technology 566

Modern Restaurant Management

MARCH 21, 2024

However, a tight labor market and stubbornly high food prices will continue to weigh on restaurant margins in 2024. We expect this trend to continue in 2024 as low unemployment provides consumers sufficient discretionary income to afford eating out on a regular basis.

Food Service 450

Food Service Food Service Food Prices Inventory 450

Modern Restaurant Management

MARCH 17, 2022

With wholesale food prices soaring 13 percent in 2021 and labor costs rising as worker shortages continue, many restaurants are looking for smart ways to lower costs and avoid passing them on to their diners. To mitigate these concerns, restaurants have gotten creative, looking for new cost-cutting measures.

Point of Sale 472

Point of Sale Chef Food Prices Recipes 472

Modern Restaurant Management

JULY 24, 2020

Food prices fluctuate with changes in the supply chain. This could lead to a whole new business model. Cost reduction should be considered for both direct and indirect spend across cost categories. For restaurants, some necessary costs may be out of their control.

Food Prices 537

Food Prices 537

Modern Restaurant Management

AUGUST 3, 2021

Rising food prices and staff shortages mean that there is a huge financial incentive for restaurant owners to minimize turnover. The average restaurant loses $150,000 annually due to staff turnover. Losing a front-line employee, the category of worker most likely to quit, costs around $5,864.

Food Prices 531

Food Prices Staffing 531

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 493

FoodHandler

MARCH 14, 2025

In the face of increasing food prices and an ever-increasing demand for foodservice operations to reduce the amount of food wasted, foodservice operators are increasingly looking to implement and develop programs to help stem the amount of food wasted in their businesses.

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Food Supply Food Prices Food Storage Food Safety 60

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. It’s been a tough year for the foodservice industry. In other words, best practices are being created in-the-moment and shared with others as collaborative ideas.

Purchasing 474

Purchasing Food Prices Chef 474

Food Safety News

DECEMBER 24, 2023

A total of 62 percent of respondents identified the cost of food as their biggest concern as they plan Christmas dinner. Another survey by the Food Standards Agency also found people were worried about food prices. This is an increase compared to 55 percent in 2022. In 2022, only 26 percent made such a move.

Food Prices 62

Food Prices Food Safety Food Storage Nutrition 62

Food + Tech Connect

OCTOBER 10, 2023

The rise of weight-loss drugs like Ozempic is causing ripples throughout the food industry, with nearly 7% of the population expected to use such medications by 2035, potentially transforming the way we approach nutrition. Big food companies and investors are watching as these drugs upend America’s diet industry.

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Food Prices Nutrition 216

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.

Customer Experience 470

Customer Experience Food Service Food Service Food Prices 470

Modern Restaurant Management

JANUARY 20, 2023

Learn how the foodservice industry can stay competitive and fresh amid widespread food and labor shortages. As consumers watch food prices continue to rise, the demand for cost-effective meal solutions are prompting c-stores, full-service, and quick-service restaurants to increase their offerings.

Recipes 419

Recipes Restaurant Management Restaurant Manager Food Prices 419

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain.

Inventory Management 379

Inventory Management Food Prices Inventory Customer Service 379

Modern Restaurant Management

AUGUST 31, 2021

Operators also continue to grapple with higher input costs, with wholesale food prices increasing at their fastest rate in seven years. Despite these increases, eating and drinking places remain nearly one million jobs or eight percent below pre-pandemic employment levels.

Food and Beverage 450

Food and Beverage Food and Beverage Staffing Food Prices 450

Sculpture Hospitality

FEBRUARY 16, 2023

Throw into the mix rising wages, skyrocketing food prices, staffing shortages, inflation and a difficult economy and the hospitality industry is no doubt set for a difficult year. Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving.

Inventory Management 135

Inventory Management Staffing Food Prices Inventory 135

Modern Restaurant Management

JUNE 30, 2023

Own Your Changes In March 2023, restaurants’ food prices were 8.8 When adding in the rising cost to attract and retain labor, it’s understandable that restaurants might raise prices to stay afloat. App adoption and changing customer behavior are hard enough to entice. percent higher than in March 2022.

Customer Experience 449

Customer Experience Staffing Food Prices Purchasing 449

Hospitality Net

JULY 5, 2023

Hospitality has been a driving force for the UK and European economies for years, employing 3.2 million people before the pandemic and generating £38 billion in tax revenue for the UK government.

Food Prices 75

Food Prices Hospitality Hospitality 75

Modern Restaurant Management

JANUARY 12, 2021

While the UK benefits from a successful agricultural industry, many domestic and international factors affect food production and prices for consumers. This became evident during the world food price spike of 2008. A successful agricultural industry gives the perception that food security isn’t at risk in the UK.

Food Prices 282

Food Prices Recipes 282

Fast Casual

NOVEMBER 18, 2022

As food prices continue to climb so does the value of a restaurant loyalty program, for both the customer and the brand.

Food Prices 104

Food Prices 104

FMT Magazine

JANUARY 23, 2025

RBI is also encouraging to measure carb food inflation. If the country can strengthen its agricultural supply chains while ensuring buffer stocks and input cost pressures, food prices can be more stable. So, policymakers are also focusing on supporting growth without fueling inflationary concerns.

Food Prices 52

Food Prices 52

Fast Casual

FEBRUARY 25, 2025

Even without imposed tariffs, it seems very likely that food prices will soar beyond the current accelerated levels. We clearly see that those prices are pinching consumer's pockets. You think the price of eggs is high? To quote a favorite American idiom of mine, "you ain't seen nothing yet."

Food Prices 88

Food Prices 88

Modern Restaurant Management

JUNE 16, 2023

Operators planning for growth are looking into new technology solutions that will help them get where they want to be, while also facing continuing challenges such as high food prices, staffing levels and increased competition.

Online Ordering Systems 275

Online Ordering Systems Staffing Customer Service Customer Service 275

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. Record-high inflation is hitting consumers from every angle – gas, groceries, rent – and restaurants tend to be the first place they cut spending.

Purchasing 493

Purchasing Food Prices 493

Hospitality Net

MAY 1, 2023

However, the Russian invasion of Ukraine in February 2022, which fueled huge increases in energy and food prices, overall inflation and therefore interest rates, resulted in a mixed picture for hotel transactions for the year. The post-COVID era was expected to have been a story of strong recovery in the hotel investment market.

Food Prices 93

Food Prices 93

Modern Restaurant Management

NOVEMBER 15, 2022

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their insights on whether there is an effective way to raise menu prices, any alternative and how can you do so without alienating guests. To do this, restaurants will either need to use lower cost food items or raise menu prices.

Staffing 490

Staffing Purchasing Culinary Education Chef 490

Food + Tech Connect

SEPTEMBER 24, 2024

Meanwhile, governments are beginning to address the hidden environmental costs of food production. Traditionally, these costs aren’t reflected in food prices, but experimental policies aim to expose the broader environmental damage caused by what we eat, encouraging more sustainable choices for the future.

Food Storage 146

Food Storage Food Prices Chef 146

Hospitality Net

MAY 3, 2023

In an environment of a significant slow-down of the global economy, geopolitical tensions, inflated energy& food prices and rising interest rates - leading to soaring costs for businesses and households - the Greektourism sector showed a strong performance in 2022 mainly on the back of pandemic related pent-updemand and accumulated savings, the strong (..)

Food Prices 86

Food Prices Hospitality Hospitality 86

Food + Tech Connect

SEPTEMBER 24, 2024

Meanwhile, governments are beginning to address the hidden environmental costs of food production. Traditionally, these costs aren’t reflected in food prices, but experimental policies aim to expose the broader environmental damage caused by what we eat, encouraging more sustainable choices for the future.

Food Storage 130

Food Storage Food Prices Chef 130

Fast Casual

FEBRUARY 25, 2025

Even without imposed tariffs, it seems very likely that food prices will soar beyond the current accelerated levels. We clearly see that those prices are pinching consumer's pockets. You think the price of eggs is high? To quote a favorite American idiom of mine, "you ain't seen nothing yet."

Food Prices 66

Food Prices 66

Food Safety News

DECEMBER 20, 2023

Many consumer behaviors have remained the same, but concern about food prices has risen, according to an analysis of a multi-year survey. The Food Standards Agency (FSA) uses the survey done twice a year to monitor consumers’ self-reported knowledge, attitudes, and behaviors regarding food safety and other related issues.

Food Prices 61

Food Prices Food Safety 61

Culinary Services Group

SEPTEMBER 25, 2024

However, almost three years later, the prognosis for food prices isn’t getting any better. Bureau of Labor Statistics (BLS) reports that the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% again in August, continuing a pattern of increased prices since the beginning of the year. All in all, the U.S.

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Senior Living Nutritionist Food Service Management Food Service Manager 93