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egg industry is grappling with a crisis that has sent shockwaves through the foodsupply chain. This devastating disease has led to the culling of over 20 million egg-laying hens in the last quarter of 2024 alone. poultry industry has faced recurring waves of infection, causing drastic fluctuations in egg supply.
In 2025 and beyond, restaurant executives should be on the lookout for increasing point-of-sale (POS) systems attacks, AI-powered social engineering tactics, and greater supply chain cyber vulnerabilities. But this isn’t the only way hackers can take advantage of the supply chain to target restaurants.
Steady Online Ordering Brings Food Waste, Donations to the Forefront of Priorities Ordering food online increases restaurant sales, but it also can potentially increase wasted food if proactive measures aren’t taken – for both the business and consumers at home.
As the calendar turns towards 2024, the restaurant industry stands at a crossroads, with innovation and adaptation at the heart of its ongoing evolution. As such, restaurants are investing in training and development programs to upskill their workforce, ensuring team members are equipped to handle the latest tools and technologies.
Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. An issue that may arise from this in 2024 is data privacy. In 2024, we’ll continue to see growth in the payroll segment. Read the first part, here.
The year 2024 promises a journey of adaptation and fierce competition for the restaurant industry as it manages stronger-than-expected economic data and slowing inflation while dealing with the headwinds of short labor supply, more demanding customers and an uncertain political environment. The key lesson both establishments teach?
According to the National Restaurant Association, operators’ 2024 sales should exceed $1 trillion. By listening to the “nerve center” of every location—its connected equipment. percent for the 12 months ending in May 2024 , highlighting the pressing need for energy management solutions.
In the dynamic world of culinary innovation, 2024 marks a pivotal year where technology intertwines with the art of dining. These intelligent systems streamline food preparation, optimize cooking processes, and even facilitate communication among kitchen staff. is redefining kitchen operations.
The discussion included food, beverage, nutrition, lifestyle and unique aspects of boutique and high volume foodservice. Food trucks that bring food to patrons where they live and work has become a part of everyday life. Today’s restaurant guests are more knowledgeable and food savvy than ever before.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. As they grapple with rising costs across their supply chain, 71 percent of restaurants plan to increase prices this year.
According to Business Insider , 60 percent of restaurants who implemented AI technology say it's critical in improving their supply chain process. Moreover, predictive analytics and machine learning algorithms are being utilized for demand forecasting, effectively minimizing food waste and optimizing inventory management.
The FDA has already issued more than 50 food recalls in 2024, causing many consumers to worry about food safety – and raising an important question for the restaurant industry: Would we know exactly what to do in a recall situation? As food recalls continue, it’s wise for restaurants to review their recall protocols.
We are seeing these healthy living trends impact both menu offerings, with a continued rising interest in plant-based offerings and functional beverages, as well as food packaging, with increased consumer concern around chemicals like PFAs. Personalized Branding: Creating Unique Experiences Personalization is a key theme in 2024.
We saw this play out just weeks ago when Hurricane Milton swept through Florida in early October 2024, following closely on the heels of September's Hurricane Helene. During Hurricane Helene's aftermath, these became essential lifelines, letting restaurants serve food while their dining rooms were still being repaired.
As a new period of social distancing and lockdowns took hold, many countries turned to drones to deliver such goods as prescription drugs, personal protective equipment (PPE), food, and other essentials – keeping people in the safety of their own homes while avoiding unnecessary human contact and maintaining the flow of goods.
Few scenarios strike more fear into a restauranteur’s heart than the prospect of serving food to patrons that makes them sick. However, even with the greatest attention to food safety, there is no single way to eliminate all foodborne illness because its sources are numerous and diverse. Regulatory Requirements.
Supply chains, while showing more stability, are fraught with uncertainty. The food service industry is forecast to reach $1 trillion in sales this year. We’re seeing younger buyers investing in dining experiences that blend food, convenience, and atmosphere with their values as shoppers. The benefit is twofold.
Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site?
Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. This way, you maintain your restaurant’s reputation for quality food.
Fast-food chains, grappling with economic pressures, embraced self-service kiosks, while the rise of secure mobile payment platforms responded to the imperative of enhancing transaction security. And by the time Q4 is reported in January 2024, it will likely be down. Non-members are declining in frequency or going away altogether.
In 2020, the number of establishments in the food and beverage industry was estimated to be 23.1 This is where being well-equipped with a fool-proof restaurant marketing plan comes in. Use high-quality images (of your actual food, if possible). How do you create a good restaurant marketing strategy?
If you work in the food service industry, the National Restaurant Association Show is the place to be. The 2024 National Restaurant Association Show is at McCormick Place , 2301 S. King Drive, Chicago, IL 60616 , Saturday, May 18, 2024 – Tuesday, May 21, 2024. Gordon Food Service, Katom Restaurant Supply Inc.,
Q4 Restaurant Trends Toast released its Q4 2023 Restaurant Trends report that examined catering activity around the holidays, large events, cold-weather food and alcohol preferences, and weekly tipping trends. Kiosks are the number one order channel to add with 44 percent of brands planning them in 2024.
Good Food Restaurant Scorecard. Despite skyrocketing demand for plant-based food across the U.S., 42 of the country’s favorite fast food and restaurant chains still don’t offer a plant-based entrée, according to a report released today by The Good Food Institute (GFI).
Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. A food seller's permit is also mandated if you plan on serving food.
Real Food at BK. Burger King permanently banned 120 artificial ingredients and counting from its food menu nationwide. “By banning these 120 ingredients from our food, we’re offering guests an easy choice – delicious food made with quality ingredients. .
The event will run in addition to WoC Dubai from 21 to 23 January 2024, as well as the main European event in June 2024. WoC Busan will also host the 2024 World Barista Championship. The UK food and coffee to-go chain’s new store is in Mumbai, and is operated by local business partner Reliance Brands Limited.
Whether you run a quick-service spot, a full-service restaurant, a bar, or a food truck, each has unique needs for handling orders and managing workflows. The ability to go into the backend to add or edit food items and immediately see the changes on the app is wonderful. Cash Drawer (APG): $120.00 Card Reader (iDynamo 5): $165.00
Both will join the committee until the current two-year term comes to an end in 2024. The two-day summit is designed to equip coffee educators with the latest knowledge and training techniques. The RTD coffee drink is currently sold at Clover Food Lab retail locations in Boston, US. million in 2023 Q1.
Coffee equipment manufacturer Joy Resolve launches Groove Compact portable grinder. Nyamayaro is a UN Special Advisor for the World Food Programme. Sucafina says its acquisition of the green coffee importer in Portland, Oregon will help to drive sustainability and innovation ac supply chain.
When the Autumn Budget landed, food and drink leaders warned ministers that the tax increase would cost the British Hospitality industry 3 billion and force businesses to reduce investments, cut jobs, and raise customer prices. Before we dive into the challenges of the Autumn Budget 2024, lets step back and look at the bigger picture.
Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site?
Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site?
Food and ingredients company ofi secures two-year US $600 million loan facility. The Barista League to host 12 events in 2023 with additional event announced for January 2024. Nguyen Coffee Supply launches two new RTD cold brew products. Aimia Foods becomes exclusive OOH partner of coconut milk brand Koko. Thu, 12 Jan.
The Italian coffee equipment manufacturer received carbon neutral certifications for the Dalla Corte XT and Zero espresso machines, with emissions offset through the Ntakata Mountains project. The coffee chain plans to open 1,000 locations in the country by the end of 2024. Mon, 12 Dec – Scooter’s Coffee opens 500th store in US.
Starbucks Thailand to open 90 stores by end of 2024. Food and beverage solutions company ofi completes acquisition of Canada’s Club Coffee. World Coffee Alliance hosts second episode of three-part virtual series on digital identity in the coffee supply chain. Nguyen Coffee Supply launches 100% robusta RTD cold brew.
The project enables Svit Kavy to donate coffee and food to Ukrainian soldiers fighting on the front line. The group will include supply chain representatives, as well as academics and environmental organisations. The Italian espresso grinder manufacturer partnered with coffee equipment supplier Espresso Parts to launch Fiorenzato USA.
No matter how much technology evolves, or trends shift, people will always come back for quality food, great value, and friendly service. In 2024, we launched Mad Dash, which totally changed curbside pickup. A key part of this shift is efficient data sharing across the supply chain. These core elements never go out of style.
A clean, lean and properly managed supply chain lays the foundation for a restaurant’s success. Good relationships with suppliers help to lower food costs and maintain the quality and consistency of your food and service. In this article, we’ll look at six steps to help you find the best restaurant suppliers for your business.
Here are the 7 must-have POS features that can transform your business: Inventory Tracking : Reduce food waste by 10% with real-time stock management and automated alerts. According to the National Restaurant Association , tracking inventory properly can cut food waste by up to 10%, which directly boosts your bottom line.
According to a RedSeer Management Consulting analysis , cloud kitchens would be worth $2 billion in India by 2024, up from $400 million in 2019. It is a kitchen that provides food but does not serve it on-site. Higher Flexibility: You can do away with unwanted costs like the charge for printing a food menu. Let’s find out.
Furthermore, digital tools for inventory and labor management became crucial for navigating supply chain disruptions and staffing challenges. as of December 2024, according to Homebase payroll data. Ultimately, the pandemic underscored the importance of technological agility and data-driven decision-making in the restaurant industry.
When thinking about restaurant automation, imagining a future where AI-powered androids shake cocktails and drones drop food deliveries through your skylight is fun. But automation in food service is much more than that. And over half of respondents said they plan to spend more on technology and automation tools in 2024.
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