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Modern Restaurant Management (MRM) magazine quizzed expert Kathryn Petralia, co-founder of Kabbage, an American Express Company, for her analysis on what restaurants owners need to understand about inflation. How is inflation affecting foodprices? Just how does inflation affect restaurants?
Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Rising foodprices, over ordering and product waste can all lead to higher food costs. Taking inventory is one of the most tedious processes in restaurant operations.
Modern Restaurant Management (MRM) magazine caught up with co-owner Stuart Snyder to discuss the Southwest Harbor, Maine landmark’s past, present and future. Foodprices are rising all over, how can you manage with a high-ticket item such as lobster? How can guests feel they have been provided with value?
Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As foodprices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.
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, foodprices can be more stable. So, policymakers are also focusing on supporting growth without fueling inflationary concerns.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. ” Findings from the 2019 Global Food Security Index reveal that: ? Global foodprices are rising worldwide.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features COVID-19 crisis statistics and surveys about third-party delivery, guest expectations, QSR reliance and more. Yelp Economic Average. The second highest-rated concept was businesses offering free face masks.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news on the impact of California's minimum wage, customer satisfaction, AI use in restaurants, popular cocktails and bathroom readiness. The ACSI Restaurant and Food Delivery Study 2024 is based on 14,604 completed surveys.
Although it’s going to interrupt the overall distribution of agricultural output worldwide, this does not only affect food security but is also going to affect impediments to global concerns, inflation, foodprices, and conflicts all over the geopolitical world.
Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. ’ We’re one of the only restaurants serving filet mignon and lobster at fast foodprices.” Randy's Donuts Plans Aggressive Expansion.
While two-thirds of guests say they would not dine at a restaurant that uses dynamic pricing, interest increases when the concept is framed as a discount offered through a membership for off-peak hours, according to the Summer 2024 Consumer Trends Report from Provoke Insights in collaboration with Modern Restaurant Management (MRM) magazine.
According to CivicScience data, consumers say they’re likely to cut back on restaurant spending if tariffs lead to higher prices. For practical advice for restaurant operators, Modern Restaurant Management (MRM) magazine reached out to Phil Kafarakis, CEO of IFMA, The Food Away From Home Association.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features an economic report from Yelp, super Super Bowl stats, delivery trends, megatrends, best cities for BBQ and top venues. Participants may also overreport or underreport healthy or unhealthy foods due to social desirability perceptions.
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