Modern Restaurant Management

NOVEMBER 28, 2022

Come 2023, it will be increasingly important for restaurants to factor technology into their budgets to adapt to the changing economic landscape and better meet consumer demand. In 2023, consumers will be more cost-conscious due to inflation and limited wallet share. However, when the pandemic hit, people were less sensitive to prices.

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Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.

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Modern Restaurant Management

JANUARY 18, 2023

In contrast, customers are entering 2023 with higher expectations for stellar experiences when they do choose to spend money on dining out. To do more with less in 2023 and retain loyal customers, restaurants should embrace data-driven tech tools that help them more easily create the best guest experiences.

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Modern Restaurant Management

MARCH 1, 2023

So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? Here are some back of office trends to watch for in 2023. Keep an eye on this trend, as it may have a direct impact on how your employees are compensated in 2023 and beyond.

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EATER

NOVEMBER 15, 2024

That surge is especially shocking considering that Wonder only started opening physical locations in 2023. In January of 2023, Wonder shut down its van program. January 2023: Wonder pivots away from van delivery in favor of fixed locations. February 2023: Wonder opens its first NYC location in the Upper West Side.

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Modern Restaurant Management

JANUARY 31, 2023

“A big trend for 2023 will be curious breakfast flavor pairings – unique flavors blended into one tasty bite. She sees the nostalgia trend continuing into 2023 with a modern twist. ” Ube Goes Big Time : Pastry Chef Gemma Matsuyama sees Asian flavors like ube and matcha gaining ground in 2023.

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Modern Restaurant Management

FEBRUARY 1, 2023

And in 2023, that’s the problem most hiring managers in the restaurant industry are facing. We all know that for restaurants – reputation is everything. But in a difficult hiring environment, how do you build a great reputation without jeopardizing your bottom line? It all comes down to your staff.

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Modern Restaurant Management

OCTOBER 14, 2024

As of October 2023, Visa charges restaurants between 2.1 In 2023, 82 percent of US consumers owned a credit card, which was up from the previous three years. Interchange fees are charges set by credit card networks (Visa, Mastercard, etc.) and represent a percentage of each transaction. depending on the tier.

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7 Shifts

SEPTEMBER 21, 2023

The shrunken labor pool inflation, turnover, and technology, all make up the stew that operating a restaurant is in 2023. But those who are qualified to speak on the subject are the ones doing the work day in and day out trying to untangle the web that is restaurant management in 2023 and beyond.

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Modern Restaurant Management

MARCH 12, 2025

billion in nuclear verdicts in 2023 — a 15-year high. Chamber of Commerce said in a recent report that the number of verdicts above $100 million reached a record in 2023, up nearly 400% from 2013 as reported in The Wall Street Journal’s 2024 piece, “‘Nuclear’ Jury Verdicts Rise Alongside American Anger.”

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Modern Restaurant Management

FEBRUARY 24, 2025

Only 14 percent of respondents described business performance as poor/very poor, which was down from 23 percent in 2023. Notably, 92 percent of respondents reported increasing staff wages in 2024, up from 84 percent in 2023, reflecting the ongoing rising cost of labor. Labor costs continue to rise.

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Modern Restaurant Management

APRIL 4, 2023

Labor Efficiency in 2023 and Beyond Moving forward, it will be imperative for restaurants to invest in WFM solutions that use intelligent automation to help optimize their operations, maximize labor efficiency, and improve the employee experience simultaneously.

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Modern Restaurant Management

DECEMBER 30, 2022

As we head into the New Year, restaurants of all sizes continue to grapple with a number of major challenges impacting the industry. Staffing continues to be a top-of-mind concern for many restaurateurs, followed closely by inflation.

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Goliath Consulting

APRIL 26, 2023

Negroni Sbagliato This drink was all the hype and will continue to be the hype in 2023. Green tea shots and liquid marijuanas are trending cocktails in 2023. The post Summer Cocktail Trends 2023 appeared first on. Read on and discover this year’s trending summer cocktails based on what bartenders and tastemakers say.

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EATER

DECEMBER 6, 2023

Join Eater in celebrating the 2023 Eater Awards winners. Operating and working in the hospitality industry has perhaps never been harder, but these bars, restaurants, pop-ups, and roving trucks are finding creative ways to bring innovative flavors and experiences to their audiences.

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Modern Restaurant Management

DECEMBER 19, 2024

According to Emarsys’s 2024 Global Customer Loyalty Index , usage of customer loyalty programs has increased by 28% in 2024, which is a 40% increase from 2023. This trend also supports the growth of customer loyalty programs which are predicted to continue increasing in popularity in 2025.

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Modern Restaurant Management

OCTOBER 13, 2024

According to the National Restaurant Association (NRA), as of October 2023 eating and drinking places were 14,000 jobs below their February 2020 level. The restaurant industry is a case in point, where employment has yet to climb back from pandemic-induced losses.

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Modern Restaurant Management

DECEMBER 9, 2024

Plan Employee Rotas To Meet Demand Reservations on group bookings of 10 or more people are currently up 38 percent in comparison to this time in 2023. By utilizing the data available from your POS system, you can figure out what dishes were most popular during holiday seasons and use this to chef up a storm.

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Modern Restaurant Management

DECEMBER 27, 2022

Do you ever wish that you had a crystal ball that could tell us what’s in store for the restaurant industry in the coming year? As we close out 2022, food production is at risk. Climate change is wreaking havoc on traditional farming methods , with crops withering in extreme heat or drowning in mid-Western floods. million tons of grain.

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Modern Restaurant Management

JANUARY 29, 2025

This dynamic has caused egg prices to surge over 38% from fall 2023 to fall 2024, with projections indicating continued volatility throughout 2025. Supply and Demand Imbalance : With fewer hens laying eggs and production costs soaring, the supply chain struggles to meet demand.

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Modern Restaurant Management

APRIL 10, 2024

According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales. economy demonstrated resilience in 2023—with GDP, employment rates and consumer spending remaining relatively stable or even growing. Coffee in 2023.

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Modern Restaurant Management

MARCH 24, 2025

To identify the Fastest Growing Brands, the data science team ranked brands using a blended metric including net new business openings, consumer interest, and searches on Yelp in 2024 compared to 2023. For this report, we measured consumer interest in 2024 compared to 2023.

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Modern Restaurant Management

NOVEMBER 12, 2024

Sadly, these events are only becoming more frequent; in 2023 alone, the U.S. In a time where restaurants are challenged by rising costs and labor constraints, the rise in severe weather adds another challenge that owners and managers must plan and solve for to protect people and assets.

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Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. The survey also showed 75 percent of respondents expected their labor costs to increase in 2023.

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Modern Restaurant Management

OCTOBER 9, 2023

While it’s understandable to believe everything is back to normal – according to our QSR monthly trends, August 2023 traffic was down just half a percent compared to 2022 – the landscape has taken a seismic shift. For example, we noted above that in August 2023, YOY traffic was holding steady. percent lower than 2019.

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Modern Restaurant Management

MARCH 3, 2023

In a State of the Restaurant industry report, the Natiional Restaurant Association sees a return to normal with predicted sales growth in 2023. million by the end of 2023. Competition is heating up : In 2023, 47 percent of operators expect competition to be more intense than last year. "The

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Modern Restaurant Management

MARCH 11, 2025

Wages have risen roughly 13 percent since early 2023, leveling out at $13.62 In fact, more than 1,400 people became ill from contaminated food in 2024, doubling hospitalization rates compared to 2023, according to the U.S. Core indicators, like employees working and hours worked, have been bouncing back to pre-pandemic levels.

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Modern Restaurant Management

JANUARY 24, 2025

representing 18 percent of sales in 2023. I have personally experienced kitchens exceeding 130F and a New York Times article from August 2023 talked about just this issue and the dangers it poses. Sales of induction stoves are on the rise in the U.S., Induction also keeps kitchens cooler.

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Modern Restaurant Management

MAY 30, 2023

In February 2023, our Revenue Management Solutions (RMS) data analytics team advised on the benefits of attracting and keeping frequent diners. According to our Q1 2023 survey , frequent users were not just visiting QSRs; they planned to keep visiting. Why does this matter to your bottom line?

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Modern Restaurant Management

OCTOBER 16, 2023

More closures in 2023 could reduce the number of restaurants to about 630,000 locations. In August 2023, only eight percent of consumers we surveyed say they do not eat out, so dining out is “in” again. In Causeway Solutions’ September 2023 survey*, we asked more than 800 U.S.

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Modern Restaurant Management

OCTOBER 16, 2024

In 2023, over 1.5 What are some common fraud activities you are seeing that affect restaurants? million restaurants in the U.S. were registered on food delivery platforms like Grubhub, DoorDash, and Uber Eats. These multi-sided businesses are complex and come with their own unique set of fraud challenges.

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Modern Restaurant Management

JANUARY 26, 2023

What issues/challenges do you see ahead for restaurants as we head in 2023 and what advice can you offer to help? On the franchise side, what do you foresee in 2023? There are some good operators that think there are opportunities in 2023, which will be exciting to watch. © Modern Restaurant Management, 2023.

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Restaurant Business

DECEMBER 6, 2024

In 2023, the Australian team won the creative challenge with their brightly colored "Dream Land" beverage, a purple sweet potato mousse smoothie inspired by the popular film Barbie.

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