March 1, 2022 The global ready-to-drink coffee market is set to witness growth at a compound annual growth rate (CAGR) of 8.3 per cent and is anticipated to reach a valuation of around US$42.3 billion by 10 years from now, according to new research. The report from Future Market Insights notes that while some of this growth can be ...Read more about this post
February 28, 2022 Outdoor dining has been a lifesaver for many restaurants throughout the turmoil and the pain of the last two years of pandemic, and new data from Yelp suggests that around 18,000 businesses in the U.S. have newly listed outdoor dining as an attribute since the pandemic began. The total number of establishments listing outdoor dining on ...Read more about this post
February 28, 2022 As restaurants recover from the devastating effects of 2020 and face new virus-, labour-, supply-chain and inflation-related challenges on an ongoing basis, gift cards are proving a vital tool to provide much-needed additional revenue and to acquire new customers. That’s according to a new Restaurant Gift Card Sales Report 2022 from Paytronix and PYMNTS, which found ...Read more about this post
February 18, 2022 Digital is the present and the future for quick-service restaurants, and many major chains are refocusing on smaller physical footprints to increase efficiencies and maximize that potential. Tim Hortons’ U.S. restaurants are getting smaller in an attempt to make the most out of a smaller space and speed up build times, said José Cil, CEO of parent ...Read more about this post
February 15, 2022 Leading fast-food chains are reporting that a year of growth in 2021 was fuelled by a surge in digital sales, which are making up an increasing percentage of orders. The shift towards off-premises consumption is set to outlast the pandemic. Sales of that nature have largely held firm even as indoor dining has been reintroduced in ...Read more about this post
February 14, 2022 A new authoritative report has found that nearly half of diners engage with a customer loyalty program in at least one way in at least one type of restaurant, and adds that mobile apps appear to be the key to maximizing this interest. PYMNTS and Paytronix’s Digital Divide Report: Minding The Loyalty Gap has spotlighted how ...Read more about this post
February 11, 2022 One rather inevitable effect of the strains on the food industry has been rising costs and higher menu prices, and the consequences have been spectacular. Amid a landscape of stretched supply chains, climate change, a labour crunch, and other factors, restaurants have been raising their menu prices to offset the resulting unprecedented spike in food ...Read more about this post
February 4, 2022 A new report from Cargill suggests that consumers are being increasingly influenced by sustainability claims on food packaging. The recent global Fatitudes survey found that 55 per cent of consumers said they are more likely to purchase a packaged food item if it includes a sustainability claim, a four-point jump since the company last fielded ...Read more about this post
January 31, 2022 Plant-based products and meat alternatives have been hot commodities for consumers for some years now. Both restaurants and consumer packaged goods sellers have ramped up their sourcing and prediction to meet the demand, which is born out of numerous factors such as the quest for health and reduced environmental impact, the price of meat, and ...Read more about this post
January 27, 2022 Despite improving COVID-19 numbers, the Omicron variant has hurt Canadian restaurants badly in recent weeks and the pain continues to be felt. A new report from Alignable based on a survey conducted in late January shows that 80 per cent of responding restaurants across Canada and the U.S. said that they have been hurt by the ...Read more about this post
January 11, 2022 Ready-to-make meal kits have surged in popularity during the pandemic with indoor dining off the table for so much of the last two years. The question now is whether they will endure. A new Canadian study by Empathy Inc. in partnership with Vividata suggests that, while the appeal of these kits varies based on demographic, the ...Read more about this post
December 9, 2021 The pandemic has already raised costs in foodservice and beyond, wreaking havoc on supply chains and food availability. And Canadians are about to start paying a whole lot more for food, according to Canada’s Food Price Report 2022. The guide, released on December 9, is published annually by researchers with Dalhousie University, the University of Guelph, the ...Read more about this post
December 6, 2021 By Aaron Jourden The world has faced nearly two years of disruption and uncertainty, cautious optimism and unexpected challenges. As we enter another year, the pandemic continues to loom large, informing operations, planning, decision-making, and forecasting of restaurant trends for operators and suppliers alike. And yet, with so much uncertainty still in the air, it finally ...Read more about this post
November 23, 2021 Restaurants Canada’s latest industry forecast predicts that commercial foodservice sales will grow to $80.4 billion across the country in 2022. That would be a 24.3 per cent increase over 2021 and would result in annual sales that are 4.4 per cent above 2019 levels. A Restaurants Canada release says the forecast for 2022 reflects the continued progress ...Read more about this post
November 23, 2021 After a challenging couple of years, restaurateurs have learned how to adapt to keep their doors open and their businesses thriving. The rise of off-premise dining and third-party delivery point to online ordering as a key component of engaging today’s customers with the convenient, fulfilling experiences they crave. A new report by DoorDash, 2021 Restaurant Online ...Read more about this post
