Restaurant operators are grappling with food and labor cost increases, and are investing in technology, training and marketing to boost sales and protect margins.
This article first appeared in Fast Casual.
Restaurant365 surveyed nearly 3,700 restaurant leaders from various segments, including quick service, fast casual, casual dining and fine dining. The survey found that while 80% of respondents reported increased food costs and 80% saw higher labor expenses, the rate of increase has slightly moderated compared to the end of last year.
“After more than a decade of building technology to help restaurants thrive, we’ve seen many cycles of the industry and know how resilient restaurant leaders are adjusting to changes in market dynamics,” said Tony Smith, Restaurant365 CEO and co-founder. “We’re committed to investing in our product to provide the helpful tools they need to become the profitable and successful restaurant of tomorrow.”
Read the full article in Fast Casual.
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