Food Market Hub’s Post

Having access to real actionable data is a MUST to maximize growth rates. A quarter here and there isn't much in this moment, but add those up and at the end of the year, you have a different opinion. It's better to know in real time where your money is going, rather than at the end of the month / quarter / year. Having daily access to your prime costs would be pretty beneficial, wouldn't you say? #restaurantmanagement #restaurantindustry #restauranttech #restauranttechnology #restaurants #restaurantmanager #restaurant #restaurantowner #restaurantbusiness #hospitality #foodandbev #foodcost

I wanted to repost this and simplify the message. This is a business review we do with our customers, a lot of proprietary information, but this slide stood out. We saved the customer 10% on costs and helped drive sales over 11% year over year. That is how a partnership works. #food #foodservicesolutions #atlanta #atlantageorgia #atlantaga #restaurant #restaurantindustry

If your food service company can't show you results, what are they doing for you? I recently completed this business review with one of our customers and we were able to save them 10.1% while helping build a program to drive sales and increase cases. Win/Win! Let's schedule a meeting and have an honest conversation on how we can, or maybe cannot save you money, time and a lot of headaches. Results matter and they are obtainable. #restaurant #restaurantmanagement #foodandbeverage #foodandbeverageindustry #restaurants #restaurantsuccess #restaurantowner #restaurantlife #foodbusiness #foodandbeverages #foodculture

Online meal ordering has become a part of our routine and lifestyle. If restaurant owners develop a plan to make the most out of this; they better follow below tips to increase restaurant sales.

44% of consumers expect to spend less at restaurants over the next 12 months. As spending declines, loyalty is that much more crucial. Tap in with me and lmk your thoughts about SMG’s latest Restaurant Spending Trend Report!

Andrew Fulton, Director at Eighty20, speaks to Gugulethu Mfuphi about the change in customer dining behaviour. If you are feeling as if your prepared food, grocery, restaurant and food delivery behaviour has changed over the past few years, you are not alone. Research from Eighty20 shows that while restaurants and coffee shops have battled since Covid and are still ~22% below 2019 revenue (at constant prices), the takeaway and fast-food category recovered quickly after covid and is now ~41% above 2019 levels (at constant prices). These two categories accounted for R3.9-billion and R2.8-billion in income respectively for August 2023, according to the latest StatsSA Food and Beverage Statistical Release. Listen to the interview here: https://iono.fm/e/1375703

Why are restaurant consumers looking for more quality and a brand led experience? At the recent MCA Restaurant Conference in London, Katie Gallagher, Senior Insight Manager at Lumina Intelligence - Food & Drink presented extracts from their new report on the Restaurant Sector. This included an overview of the sector, the impact of the cost of living crisis, menu tracking and trends and current menu management strategies and much more. Katie has kindly shared this presentation - Enjoy #hospitality #restaurants #marketing

Curious about how Q4 was different in the restaurant industry? Check out Toast trends report below

Full-service restaurant traffic has had a rough go of it post-pandemic. The combo of: 📈 Inflation > Driving food prices up 4-5% 🏪 Competition > Convenience + supermarket offering to-go food 🍽 More at-home dining > Food costs only increased by 1.2% Are making it harder to get customers in the door... Offsetting this requires a multi-pronged approach - Tech to streamline ordering and expand digital reach - Effective ways to upsell that feel organic - Hyper-personalized loyalty and marketing to drive visit frequency I explore this further in my latest article (link in comments) 👇 #restauranttech #restaurants

The starting phase of any project is always hard. Listen to how Arun managed to build RFQ, one of Food Market Hub's prominent feature to where it is today! Stay tuned to the last part of this series where Arun touches on the topic of collaboration among the company. #RFQ #growthandstratgy #automation #inventory #foodandbeverage #restaurant #restaurantowner #restaurantlife #inventorymanagement #stockmanagement #FNB #costsaving #costsavings #foodies