Remove 2024 Remove Inventory Remove Merchandise
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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

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. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.

2024 493
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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

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. Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit. Combos also help manage inventory and cut down on food waste.

2024 243
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Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

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. Its main goals are to minimize waste, control costs, and improve operational efficiency.

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How Walmart Got Its Hands on the Coolest Pantry Brands

EATER

Jing had to invest in an EDI system, or electronic data interchange, to communicate inventory and billing information with Walmart, something many start-ups don’t have. The brand debuted in around 2,000 Walmart stores in April 2024, and though it’s a bit early to tell, Gao is pleased with how the first few months have gone. “A

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Retail Trends of 2024: Driving Connected Shopping Experiences

Mad Mobile

Many retailers have already adjusted their approach to shopping and merchandising, introducing powerful omnichannel technologies to streamline operations and help them better compete in a new digital landscape. This could be the secret weapon needed to stay afloat during these uncertain economic times.

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Menu Engineering: Innovating Menus for Profitability and Simplicity

Aaron Allen & Associates

2024 will be a great year for menu overhauls, not just LTOs. Operational Impacts and Considerations Limited-Service Restaurants introduce new items with a cadence ranging between one new item (either LTOs or permanent) per week to one new item every 10 weeks (based on a sample of nearly 40 chains over the first 10 weeks of 2024).

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Navigating the Challenges of Implementing Restaurant Table Ordering

Mad Mobile

Statistics from 2024 show that 84% of US consumers enjoy using self-service kiosks with 66% preferring them to staffed checkouts. Most systems give you access to real-time data about your inventory and integrate with business apps that help you with restaurant management duties.