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The Ozempic Effect, How to Make Groceries Affordable Again + More

Food + Tech Connect

The rise of weight-loss drugs like Ozempic is causing ripples throughout the food industry, with nearly 7% of the population expected to use such medications by 2035, potentially transforming the way we approach nutrition. Big food companies and investors are watching as these drugs upend America’s diet industry.

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Going lean – how hospitality can overcome the challenges of food price inflation and record energy bills

Hospitality Net

Hospitality has been a driving force for the UK and European economies for years, employing 3.2 million people before the pandemic and generating £38 billion in tax revenue for the UK government.

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The Top 5 Bar and Restaurant Trends 2023

Sculpture Hospitality

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. Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving.

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Denmark’s Plant-Based Roadmap, Regen Ag Greenwashing, CA Bans Harmful Additives + More

Food + Tech Connect

How a Fertilizer Shortage Is Spreading Desperate Hunger – New York Times Across Africa and in parts of Asia, disruption to the supply chain for fertilizer is raising food prices and increasing malnutrition.

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AI Is Revolutionizing the Food Industry

Modern Restaurant Management

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.

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How Is Inflation Affecting Restaurants?

Modern Restaurant Management

Consider options such as food-delivery services to attract and retain new customers, QR codes to reduce menu costs and expedite orders, using social media and other potentially low-cost digital ways to attract customers, and online business checking accounts that cut out unnecessary fees are all great ways to proactively manage costs.

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2022 European Hotel Transactions

Hospitality Net

However, the Russian invasion of Ukraine in February 2022, which fueled huge increases in energy and food prices, overall inflation and therefore interest rates, resulted in a mixed picture for hotel transactions for the year. The post-COVID era was expected to have been a story of strong recovery in the hotel investment market.