Modern Restaurant Management
OCTOBER 28, 2021
Taking inventory is one of the most tedious processes in restaurant operations. Chefs spend countless hours counting inventory, purchasing new ingredients, and tracking down more cost-effective substitutions for products that are either cancelled or out of stock. Recipe Costing. Prevent Shortages. ” Reduce Waste.
Modern Restaurant Management
JANUARY 14, 2025
Extreme Weather: By 2035, experts predict that higher temperatures alone will push up worldwide food prices by between 0.9 Meanwhile, extreme weather events are likely to disrupt transportation routes, damage crops, and lead to shortages of key ingredients, resulting in price spikes that impact menus. percent annually.
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Modern Restaurant Management
DECEMBER 30, 2024
At the same time, a rise in fast-food prices driven by inflation is reshaping consumer behavior, with many customers now treating fast food as a splurge rather than a convenience. For example, AI can help QSRs make smarter inventory decisions by analyzing purchasing trends and aligning ingredient orders with demand.
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. Sellers would make money from foods that they would otherwise throw out, while buyers would get good deals.
Modern Restaurant Management
MARCH 21, 2024
This means lower interest rates for businesses financing inventory and investing in expansion. However, a tight labor market and stubbornly high food prices will continue to weigh on restaurant margins in 2024. While we do expect 2024 to present challenges, we are optimistic about the overall economy and the role of U.S.
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. Some of the most valuable insights for restaurants are found in general operations data, customer data and website data.
Sculpture Hospitality
FEBRUARY 16, 2023
Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving. 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.
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