Tag: foodservice

August marked a potentially pivotal moment for the restaurant industry. After several challenging months, signs of recovery are beginning to appear. While performance metrics show a mixed picture, they suggest the worst may be behind us.

While restaurants have seen a substantial recovery over the past four years with rising revenues, they continue to face significant challenges from macroeconomic pressures such as increasing payroll costs and ongoing inflation.

So what does the future of foodservice look like? For many, it’s already here; for others, it’s just trying to stay ahead of negatives like higher prices, supply issues, and labor to keep the doors open.

Continued interest in health and wellness at foodservice calls for more and bigger portions of produce on the plate.

Restaurant operators globally have returned to menu innovation, according to Technomic, with the average chain worldwide introducing 19 new or limited-time offerings in 2023, more than in 2021 or 2022.

The foodservice industry expects to employ 15.7 million people in 2024—a record, according to the National Restaurant Association.

The Technomic/IFPA report concluded that most consumers initially didn’t seem to mind higher menu prices, additional fees, lower portion sizes, and limits on “free” items like napkins and condiments, as indicated by positive traffic trends starting in March 2021.

On average, it takes Autocado approximately 26 seconds to fully flesh out the fruit inside an avocado.

Rising food and labor costs continue to squeeze profits, despite the restaurant industry’s robust sales, according to the National Restaurant Association’s State of the Industry report.