Modern Restaurant Management

DECEMBER 27, 2022

Modern Restaurant Management (MRM) magazine contributor Izzy Kharasch of Hospitality Works offers his best planning practices for restaurant operators as we approach 2023.

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2023 Magazine Hospitality Operations 176

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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2023 Technology Loyalty Program Mobile Ordering 201

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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7 Shifts

MAY 15, 2023

We hope this restaurant payroll guide has demystified the payroll process for you and has empowered you to take on your payroll with a newfound confidence in 2023. It can be intimidating, but by preparing yourself with the right information and tools, you can make it a bit easier.

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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

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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Technology Front of House 2023 Cash Management 208

Perfect Daily Grind

APRIL 19, 2023

The 2023 expo will take place in Portland, Oregon – a city with a thriving specialty coffee culture. Alongside an extensive trade show and exhibition, the 2023 Specialty Coffee Expo will also host several competitions and awards schemes. The 2023 US Coffee Championships will take place at the event.

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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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Food Safety Audits Food Supply Food 226

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

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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7 Shifts

OCTOBER 20, 2022

It's a constant conversation in the restaurant industry. But one can't deny that tips make up a majority of restaurant workers' take-home pay. There have been several ways in which restaurant owners have tried to create a more equitable system for employees to earn consistent, fair wages and improve retention.

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Tip Distribution Restaurant Law 2023 Cash Management 195

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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7 Shifts

APRIL 29, 2021

You can use the funds to cover expenses incurred from February 15, 2020 until March 11, 2023.Expenses A business with a pending application under the Save Our Stages program. What can I use the funds for? Expenses eligible for grant money to be used on are: Payroll and benefits (not including employees making more than $100,000/year.

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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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Loyalty Program Social Media 2023 Download 197

Modern Restaurant Management

DECEMBER 28, 2023

A Decade of DoorDash DoorDash celebrated its 10th anniversary by unveiling Dash From the Past 2023 and Dash From the Past: A Decade Delivered, which checks in on popular trends as we celebrate the best of what users have dashed over the past year, and over the past decade. Like the most ordered food on DoorDash of all time: French fries.

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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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Fast Casual Fine Dining 2023 Casual 212

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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Modern Restaurant Management

NOVEMBER 7, 2022

We recommend incorporating the following strategies in your 2023 planning: Schedule regular value messaging into your 2023 marketing calendar. In addition to price concerns, traffic is likely to continue being a challenge in 2023. For brands to win, they will need to examine both the bottom line and the value equation.

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Pricing Loyalty Program Point of Sale 2023 203

Modern Restaurant Management

MARCH 21, 2024

In all, we expect 2024 to be a better year for business than 2023 as the Federal Reserve executes the soft landing it has been seeking since this tightening cycle began. Inflation : The Federal Reserve has succeeded in bringing inflation under control without causing a recession, a feat many of us viewed as unlikely at the start of 2023.

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Modern Restaurant Management

DECEMBER 22, 2022

Rising food costs are the number one issue of concern for chefs heading into 2023, according to the survey, with 44 percent of respondents ranking it as their top worry. Why do you feel restaurant owners are optimistic for 2023? . clustered as the next three issues of concern, followed by supply chain issues around food items.

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Modern Restaurant Management

JANUARY 31, 2024

Labor : From a labor standpoint, 2023 was a relatively good year for operators. While profit margins were down in 2023, there were lots of signs that the industry is heading in the right direction. I think our report reveals that 2023 was a year characterized by a lot of regrouping and reorienting of business priorities.

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Sante

JANUARY 1, 2023

2023 will be a year of restoration for many restaurants.

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7 Shifts

FEBRUARY 13, 2023

If you’d like to continue to learn more, please schedule a one-on-one wage model training , or join us for our RAISE Member Call on Feb 28, 2023 at 10 am PST. We’ll do a deep dive on service charges, speaking with 3 panelists on how the change has impacted their business.

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Tip Distribution Front of House Restaurant Law Back of House 390

Culinary Cues

AUGUST 31, 2024

Cecilia Lazzaro Blasbalg – Business Strategies – July 2023 When a business has a clear mission and it is practiced consistently, you can experience it instantly as a guest or employee. This means that the statement should become a key part of your company and corporate culture to make sure everyone is aiming for the same goals.

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Customer Service Social Media Customer Experience Reference 326

Modern Restaurant Management

JANUARY 30, 2023

Technologies such as the Internet of Things (IoT) can help them maximize 2023 financials by: Offering a better experience to diners and employees Increasing efficiencies and lowering expenses These technologies empower restaurants in various ways—from automating tasks to identifying emerging risks.

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Technology Fast Casual Waste 2023 189

Modern Restaurant Management

MAY 10, 2024

This is coupled with the global ethnic food market projected to grow by approximately eight percent from 2023 to 2023. Eighty three percent of Gen Z is excited for new food and beverage trends with 25 percent expecting to dine out more this year, according to a recent Datassential report.

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Modern Restaurant Management

DECEMBER 20, 2022

Inflation has hidden the dramatic decreases in guest traffic and we anticipate this becoming a bigger issue with investors in 2023." We expect this will continue into 2023, and operators that don’t prioritize technology will be left behind. Restaurant owners will end 2022 with a sigh of relief after another tough year. "Restaurant

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Modern Restaurant Management

MARCH 23, 2023

But in 2023, month-over-month trend lines have evened out. percent YOY) was the top-performing QSR channel in February 2023. As we move further into 2023, we believe operators can build the bottom line, but it may require a return to the steadier practices of our past. A week ago, we lauded a flat line (on a graph, that is).

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Modern Restaurant Management

MARCH 4, 2024

Cracking the Code of Restaurant App Usage, November 2023 ) What Customers Value RMS segmented respondents by generation, and while preferences varied, all ages placed the most value on: Exclusive deals Loyalty-based incentives Customization What They Don’t Value On the other hand, crashes or technical issues ranked as the biggest pet peeve.

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