Modern Restaurant Management

APRIL 10, 2023

Despite rising ingredient costs and staffing shortages, more than half of the 8,000 restaurant operators and owners polled globally in Lightspeed’s State of the UK Hospitality Industry , agreed that adopting new technology over the past two years has been critical to their success.

Recipes 486

Recipes Staffing Food Prices Customer Service 486

Modern Restaurant Management

JUNE 22, 2022

Modern Restaurant Management (MRM) magazine caught up with co-owner Stuart Snyder to discuss the Southwest Harbor, Maine landmark’s past, present and future. Food prices 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?

Food Prices 474

Food Prices Purchasing Customer Service Customer Service 474

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 Manager Restaurant Management Food Prices 419

Modern Restaurant Management

AUGUST 26, 2022

Back-of-house software can also help close this gap and give all restaurants the information they need to hone and streamline operations continuously by providing up-to-the-minute data at a low cost.

Staffing 520

Staffing Food Prices 520

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

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

Food Prices 474

Food Prices Purchasing 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.

Food Safety 566

Food Safety Food Supply Food Prices Food Technology 566

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

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

JULY 24, 2020

For restaurants, some necessary costs may be out of their control. 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.

Food Prices 537

Food Prices 537

Modern Restaurant Management

AUGUST 3, 2021

The average restaurant loses $150,000 annually due to staff turnover. Rising food prices and staff shortages mean that there is a huge financial incentive for restaurant owners to minimize 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

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

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

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. Even as COVID-19 has gotten under more control, restaurant operators are still struggling with the impact it has had on the industry and on their businesses.

Purchasing 474

Purchasing Food Prices Chef 474

Modern Restaurant Management

AUGUST 10, 2022

Restaurants must keep innovating to elevate the diner experience. It’s a tough time to be in the restaurant business. Food prices are soaring amidst supply chain disruptions, increasing labor costs, and processing plant shutdowns.

Customer Experience 470

Customer Experience Food Service Food Service Food Prices 470

Modern Restaurant Management

NOVEMBER 15, 2022

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 food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.

Staffing 490

Staffing Purchasing Culinary Education Chef 490

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

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

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

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

DECEMBER 16, 2019

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. Topline numbers show robust restaurant sales growth during November. Holiday Traffic Not Enough.

Food and Beverage 322

Food and Beverage Food and Beverage Purchasing Food Prices 322

Modern Restaurant Management

MAY 1, 2020

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.

Food and Beverage 479

Food and Beverage Food and Beverage Purchasing Food Supply 479

Modern Restaurant Management

FEBRUARY 5, 2024

The fast food industry saw the largest reduction in spending year over year (five percentage points). The Bureau of Labor Statistics reported that fast-food prices jumped 6.2 Across the 20 industries surveyed, consumers say they reduce spending after a bad experience with a company more than half of the time (51 percent).

Food and Beverage 492

Food and Beverage Food and Beverage Purchasing Staffing 492

Modern Restaurant Management

MAY 7, 2021

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 food prices.” Randy's Donuts Plans Aggressive Expansion.

Food and Beverage 433

Food and Beverage Food and Beverage Purchasing Online Ordering Systems 433

Modern Restaurant Management

JUNE 28, 2024

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.

Food and Beverage 294

Food and Beverage Food and Beverage Inventory Management Customer Experience 294

HoodFilters

DECEMBER 19, 2023

Integrating these advanced systems, restaurant kitchens significantly reduce their environmental footprint. Adapting to Economic Challenges Given rising food prices and supply chain issues, restaurants are exploring cost-effective menu options. They maintain high air quality and safety standards.

Commercial Kitchen 59

Commercial Kitchen Food Service Food Service Food Prices 59

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.

Inventory Management 379

Inventory Management Food Prices Customer Service Customer Service 379

Modern Restaurant Management

MARCH 30, 2022

Over the last few years, restaurants have been feeling the heat amid concerns about COVID-19, worker shortages and rising food prices. But the industry is poised for a comeback according to a recent National Restaurant Association survey – it found the restaurant workforce is projected to grow by 400,000 jobs.

Food Safety 468

Food Safety Food Prices 468

Modern Restaurant Management

JANUARY 31, 2020

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.

Food and Beverage 480

Food and Beverage Food and Beverage Nutrition Recipes 480

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.

Food Prices 493

Food Prices Purchasing 493

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. 75 percent of restaurant operators reported that recruiting employees was their top challenge as of June 2021 – the highest level ever recorded.

Food and Beverage 450

Food and Beverage Food and Beverage Staffing Food Prices 450

Modern Restaurant Management

MARCH 14, 2025

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.

Food Prices 305

Food Prices Inventory Restaurant Manager Restaurant Management 305