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The restaurant industry continues to face labor shortages, diner price sensitivity, higher ingredient & packaging costs, changing consumer habits, and more. At the same time, delivery & takeout along with the regional and national expansion of key industry players continue to drive growth for the category.
To respond to this evolution, brands continue to invest heavily in technology and automation to improve the experience for employees and customers, while also investing in brand and product / LTO messaging to stay top of mind for that next meal moment.
For more information, please contact Adam Daniele.
85% of fast-food orders and 33% of full-service restaurant orders were “to-go” in 2022
50% of restaurant operators expect to be less profitable in 2023
92% of restaurant operators say food costs are a significant challenge and 89% of restaurant operators say labor costs are a significant challenge
73% of consumers are ordering off value menus more often due to costs
Source:
WSJ
National Restaurant Association
National Restaurant Association
QSR Magazine
