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. Too many choices and configurations led to customers ordering lower-priced items. percent this year.

Customer Experience 179

Customer Experience Staffing Food Prices Purchasing 179

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

Modern Restaurant Management

JULY 6, 2022

By decreasing overall disposable income, inflation erodes consumer purchasing power. Recent data found that 55 percent of consumers have changed their shopping behavior due to price increases and 90 percent plan to do so moving forward. Effect of Inflation on Consumer Demand.

Purchasing 197

Purchasing Food Prices 197

GFI

APRIL 11, 2023

Given plant-based meat’s premium price and this period of inflation, this may have influenced consumers to trade down, underscoring the importance of reaching price parity with conventional meat. Purchasing patterns can further illuminate some of the factors at play. This article dives deep into plant-based meat sales.

Purchasing 52

Purchasing Food and Beverage Food and Beverage Point of Sale 52

Modern Restaurant Management

DECEMBER 16, 2019

Unfortunately, with consumers making more purchases from home, a trend that shows no signs of lessening, eating out is likely to be limited.” November and December purchases typically account for upwards of 50 percent of annual gift cards sales. That points to decent, but not great, overall holiday shopping. Baby Products.

Food and Beverage 128

Food and Beverage Food and Beverage Purchasing Food Prices 128

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.

Inventory 128

Inventory Food and Beverage Food and Beverage Food Prices 128

Modern Restaurant Management

MAY 1, 2020

” Frequent users adjusted their purchase behavior. The concept had a few caveats: consumers want the menu has to be the same as dine-in (not just a few menu items), food prices can't just be marked up to offset the costs, and they wouldn't want high order minimums. Changing Restaurant Purchases.

Purchasing 191

Purchasing Food and Beverage Food and Beverage Food Supply 191

Modern Restaurant Management

MAY 7, 2021

Mark Kelegian and his family purchased Randy’s Donuts in 2015. ’ We’re one of the only restaurants serving filet mignon and lobster at fast food prices.” Through May 23, guests can donate $3 or more to purchase a No Kid Hungry pin-up at Genghis Grill restaurants across the country.

Food and Beverage 173

Food and Beverage Food and Beverage Purchasing Online Ordering Systems 173

Modern Restaurant Management

JANUARY 31, 2020

Participants may also overreport or underreport healthy or unhealthy foods due to social desirability perceptions. In every restaurant sector (100 percent) the path-to-purchase category loyalty drivers have new, consumer-generated configurations. Orders Of Path-to-Purchase Loyalty Driver Change, Becomes More Complex.

Food and Beverage 192

Food and Beverage Food and Beverage Nutrition Recipes 192