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Currently, owners and operators across the country are grappling with: Worker Shortages : The restaurant industry is facing a severe labor crunch, with 45 percent of operators reporting they need more employees to meet demand. Seasonal Shifts : They may be predictable, but they still add another layer of complexity to restaurantmanagement.
You can't scroll news sites without seeing more articles about inflation, but was does it mean for restaurants? Modern RestaurantManagement (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.
Please send questions to Modern RestaurantManagement (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Taking inventory is one of the most tedious processes in restaurant operations. Rising foodprices, over ordering and product waste can all lead to higher food costs.
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.
Modern RestaurantManagement (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?
Learn how the foodservice industry can stay competitive and fresh amid widespread food and labor shortages. As consumers watch foodprices continue to rise, the demand for cost-effective meal solutions are prompting c-stores, full-service, and quick-service restaurants to increase their offerings.
2023 brought new challenges to the table for the restaurant industry, from rising foodprices 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.
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.
This edition of Modern RestaurantManagement (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.
This edition of Modern RestaurantManagement (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 RestaurantManagement (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.
Integrating these advanced systems, restaurant kitchens significantly reduce their environmental footprint. Adapting to Economic Challenges Given rising foodprices and supply chain issues, restaurants are exploring cost-effective menu options. They maintain high air quality and safety standards.
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 RestaurantManagement (MRM) magazine.
Modern RestaurantManagement (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.
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 RestaurantManagement (MRM) magazine reached out to Phil Kafarakis, CEO of IFMA, The Food Away From Home Association.
This edition of Modern RestaurantManagement (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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