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You can then accept cash payments upon delivery, which is helpful for local restaurants with limited budgets. With an expected annual growth rate of 4.57% from 2024 to 2029, meal kits provide an opportunity to increase revenue and reach more customers. Combos also help manage inventory and cut down on food waste.
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But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. Over 20% of POS solutions are already in the cloud, and 29% are planning to do so by 2024. Customers adore loyalty programs’ benefits, like savings, cash rewards, or tailored offers.
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This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of how restaurants are a saving grace for malls, the economic impact of Taylor Swift in town, and how influential reviews can be. Inflation (or the increased costs of goods and services) is still a top pain point for operators (15 percent).
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