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Price Matters: Inflation Wearing on Consumer Dining Behavior

Modern Restaurant Management

RMS just released our latest findings around consumer sentiment for Q1 , which revealed, among other things, that price is starting to matter—and not by an insignificant amount. When asked why they were getting less value from a restaurant visit, 82 percent reported higher prices. The sentiment has changed rapidly.

Pricing 189
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Menu Prices Are Rising, But Loyalty Programs Can Help Restaurants Stay Ahead

Modern Restaurant Management

In October, the USDA reported year-to-date averages, noting that food-at-home (grocery store) prices have increased 2.5 percent and food-away-from-home (restaurant) prices have increased 3.6 percent, and food-away-from-home prices are expected to increase between 3 and 4 percent. If current projections from the U.S.

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How much of the final price of a cup of coffee do farmers receive?

Perfect Daily Grind

Over the past year or so, coffee prices have been steadily increasing. The first sign that prices would increase was a sudden frost which hit some of Brazil’s major coffee-producing regions in late July 2021. Since then, prices have consistently remained above the US $2 mark. Exploring prices and costs at origin.

Pricing 184
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How does foreign exchange affect the price of coffee?

Perfect Daily Grind

For the most part, both the price of arabica and robusta rely on futures contracts. These are legal agreements to buy or sell a particular commodity at a predetermined price on a set date. Fluctuations in the market can influence prices paid by roasters and consumers and prices paid to farmers, as well as their production costs.

Pricing 172
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How Does the Seasonal Transition Affect Produce Price and Availability?

Modern Restaurant Management

Any weather-related issues can have a dramatic effect on supply and prices as lettuce transitions from one area to the next. “Growers may need to harvest sooner than desired, which leads to lower yields and quality, lower overall supply and higher pricing. agriculture. As we know, weather is not always predictable.

Pricing 189
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MRM Research Roundup: Price Wars, Influencer Impact and No-Show Fees

Modern Restaurant Management

As a result, they are making hard decisions to adjust prices and make menu changes. In the new tfgTOUCHPOINTS ™ 2024 Report, operators provide an in-depth look at the many challenges they are facing, including rising labor costs, staffing shortages and rising utility bills. LTO Impact A new Placer.ai

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AN EVEN BIGGER THREAT TO RESTAURANT SURVIVAL

Culinary Cues

Growing cycles will continue to change, unpredictable alterations in weather patterns will continue to haunt farmers, and crops that would normally thrive in certain parts of the world may not be able to survive there now. [] WAR: Ukraine was the 5 th or 6 th largest agricultural country in the world.