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It also ended with continued economic growth and low unemployment, making it a profitable, yet challenging year for small businesses in the foodservice industry. This means lower interest rates for businesses financing inventory and investing in expansion. small businesses in driving economic growth. Census Bureau.
However, almost three years later, the prognosis for foodprices 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.
Grocery and convenience stores must strike the right balance between price and quality to meet consumer expectations in the age of “value shopping.” New technologies and automated solutions are helping retailers optimize efficiencies in addition to better forecasting and managing inventory. It’s a win-win.
You can use AI to automate and manage your inventory or energy spending. This would ensure the freshness and quality of your products and contribute to a more sustainable food system. AI and Tech Incorporation One of the most visible impacts of AI and tech is that they revolutionized customer engagement in the foodservice industry.
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