Modern Restaurant Management

FEBRUARY 16, 2022

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.

Food Prices 207

Food Prices Restaurant Management Restaurant Manager 207

Hospitality Net

MAY 1, 2023

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.

Food Prices 88

Food Prices 88

Food + Tech Connect

OCTOBER 16, 2023

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.

Food Safety 208

Food Safety Food Prices 208

Hospitality Net

MAY 3, 2023

In an environment of a significant slow-down of the global economy, geopolitical tensions, inflated energy& food prices and rising interest rates - leading to soaring costs for businesses and households - the Greektourism sector showed a strong performance in 2022 mainly on the back of pandemic related pent-updemand and accumulated savings, the strong (..)

Food Prices 76

Food Prices Hospitality Hospitality 76

Fast Casual

NOVEMBER 18, 2022

As food prices continue to climb so does the value of a restaurant loyalty program, for both the customer and the brand.

Food Prices 81

Food Prices 81

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 180

Food Service Food Service Food Prices Inventory 180

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 189

Food and Beverage Food and Beverage Food Prices Hospitality 189

Modern Restaurant Management

JUNE 22, 2022

Food prices are rising all over, how can you manage with a high-ticket item such as lobster? You are right, food prices have risen, and we are at a high level with lobster, however, we believe lobster prices will start to go down as we get further into the season especially as new shell (soft shell) lobsters arrive.

Food Prices 189

Food Prices Purchasing Customer Service Customer Service 189

Eating at a Meeting

FEBRUARY 27, 2023

Tracy talks with Food Economist and Associate Professor at Michigan State University David Ortega who studies what people eat, how it got to their plates, and various factors that affect foods' journey from farm to people's plates. His explaination of why and how food prices are rising is important for us to all understand.

Food Prices 52

Food Prices 52

Eating at a Meeting

FEBRUARY 27, 2023

Tracy talks with Food Economist and Associate Professor at Michigan State University David Ortega who studies what people eat, how it got to their plates, and various factors that affect foods' journey from farm to people's plates. His explaination of why and how food prices are rising is important for us to all understand.

Food Prices 52

Food Prices 52

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 211

Staffing Food Prices Customer Service Customer Service 211

Modern Restaurant Management

APRIL 10, 2023

Additionally, with the cost of living continuing to skyrocket and food price inflation at a record high, customers are increasingly focusing their spending where they are likely to garner some type of benefit. Ultimately, this results in greater sustainability, both environmentally and economically.

Recipes 194

Recipes Staffing Food Prices Catering 194

Modern Restaurant Management

OCTOBER 31, 2022

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

Food Prices 189

Food Prices Purchasing 189

Modern Restaurant Management

OCTOBER 28, 2021

Rising food prices, over ordering and product waste can all lead to higher food costs. In today’s environment, there are technology solutions to better streamline processes in almost every area of your operation – and inventory is one of the easiest business practices to move from manual to automation.

Inventory Management 208

Inventory Management Inventory Recipes Chef 208

Food Quality & Safety

AUGUST 3, 2023

Brown, Maryland’s attorney general, tells Food Quality & Safety. “In In joining this collaborative effort, we are increasing our capacity to investigate and tackle anti-consumer behavior that drives up food prices, limits options, and disrupts a key supply chain.”

Food Prices 52

Food Prices 52

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.

Inventory Management 197

Inventory Management Food Prices Inventory Customer Experience 197

the CAMBRO blog

DECEMBER 18, 2023

Fight Against Rising Costs In a landscape of rising food prices, keeping dining experiences affordable is a challenge for consumers and restaurants alike. Bureau of Labor Statistics , consumer prices for food away from home have documented prices that have risen to new heights. According to the U.S.

Food Storage 104

Food Storage Food Prices Nutrition Customer Experience 104

Food Quality & Safety

JULY 6, 2023

The state realized that if the change did not occur, consumers would most likely face increased food prices and a significant decrease in the amount of pork supplied to California. “It Anything harvested after July 1, to be sold in California, will still have to be Proposition 12 compliant.”

Food Prices 52

Food Prices Food Supply 52

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 167

Recipes Restaurant Management Restaurant Manager Food Prices 167

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 189

Point of Sale Chef Food Prices Recipes 189

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. How to incorporate these necessary ingredients to keep your guests and employees happy.

Food Safety 187

Food Safety Food Prices 187

Eating at a Meeting

FEBRUARY 1, 2021

Food and beverage is typically the biggest budget expenditure for an event. COVID-19 has impacted the availability and prices of food, leading to the fastest rise in food prices in more than four decades.

Food and Beverage 40

Food and Beverage Food and Beverage Food Prices 40

Eating at a Meeting

FEBRUARY 1, 2021

Food and beverage is typically the biggest budget expenditure for an event. COVID-19 has impacted the availability and prices of food, leading to the fastest rise in food prices in more than four decades.

Food and Beverage 40

Food and Beverage Food and Beverage Food Prices 40

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 197

Food Prices Purchasing 197

Modern Restaurant Management

AUGUST 10, 2022

Food prices are soaring amidst supply chain disruptions, increasing labor costs, and processing plant shutdowns. Poultry prices are up 15 percent to 18 percent ; the cost of eggs has risen 73 percent. Restaurants must keep innovating to elevate the diner experience. It’s a tough time to be in the restaurant business.

Customer Experience 188

Customer Experience Food Service Food Service Food Prices 188

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 179

Customer Experience Staffing Food Prices Purchasing 179

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. It’s been a tough year for the foodservice industry. In other words, best practices are being created in-the-moment and shared with others as collaborative ideas.

Purchasing 189

Purchasing Food Prices Chef 189

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 110

Online Ordering Systems Staffing Customer Service Customer Service 110

Modern Restaurant Management

AUGUST 3, 2021

Rising food prices and staff shortages mean that there is a huge financial incentive for restaurant owners to minimize turnover. The average restaurant loses $150,000 annually due to staff turnover. Losing a front-line employee, the category of worker most likely to quit, costs around $5,864.

Food Prices 212

Food Prices Staffing 212

HoodFilters

DECEMBER 19, 2023

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

Commercial Kitchen 59

Commercial Kitchen Food Prices Food Service Food Service 59

Modern Restaurant Management

JULY 24, 2020

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

Food Prices 214

Food Prices 214

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. Despite these increases, eating and drinking places remain nearly one million jobs or eight percent below pre-pandemic employment levels.

Food and Beverage 180

Food and Beverage Food and Beverage Staffing Food Prices 180

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 112

Food Prices Recipes 112

IN Food Marketing

MARCH 14, 2023

Price: $19.99 (Whole Foods) Price per ounce: $.42 The Village PieMaker’s packaging chose to let their pie do the talking, showing the finished product itself in an open-window display surrounded by cardboard packaging that touts its homemade appeal.

Food Prices 52

Food Prices 52

Culinary Digital

OCTOBER 12, 2020

 COVID-19 provides momentum for food ecosystem collaboration, as the pandemic is resulting in food shortages, higher food prices, and inability to fulfil consumer demand of certain consumer segments such as elderly and hospital staff.

Food Service 52

Food Service Food Service Nutrition Food and Beverage 52

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 197

Purchasing Food Prices 197

Modern Restaurant Management

NOVEMBER 15, 2022

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their insights on whether there is an effective way to raise menu prices, any alternative and how can you do so without alienating guests. To do this, restaurants will either need to use lower cost food items or raise menu prices.

Staffing 196

Staffing Purchasing Culinary Education Chef 196