March 29, 2022 As they bid to stay ahead of the curve through the persistent and evolving challenges of 2022, restaurants plan to continue at least some of their pandemic pivots and add more automation in order to counter ongoing staff shortages. That’s the conclusion of recent research from payments and technology solutions provider Square, which recently released its ...Read more about this post
March 29, 2022 New reports have assessed the impacts of soaring gas prices in America on the cost of food and the levels of spending in restaurants. While the data focuses on the U.S. specifically, much of it can be applied to Canada, where the price of fuel has also jumped in recent months due to factors including Russia’s ...Read more about this post
March 23, 2022 Technomic recently released its annual State of the Canadian Menu 2022 report, highlighting growing ingredients, dishes, drinks, and flavours on menus across the country as well as trend predictions for this year. With pandemic-driven challenges continuing in 2021, operators adopted new strategies and found fresh solutions to these challenges. Looking at the past year in review ...Read more about this post
March 21, 2022 We were warned, and now we’re seeing it happen. Food prices in Canadian grocery stores are soaring, and the trend only looks set to continue. Late in 2021, the annual Food Price Report predicted that Canadian food prices would likely increase by between five and seven per cent in 2022, which was the highest increase predicted ...Read more about this post
March 16, 2022 The markets for vegan pasta and vegan flour are expected to grow significantly over the next few years, according to reports from Future Market Insights. The growth in both markets is propelled largely by an increasing preference for plant-based ingredients in food products. Affluent millennials in particular have been the central driver of the worldwide shift ...Read more about this post
March 9, 2022 Technomic‘s latest Industry Insights report has shed light on the fastest-growing food items on Canadian menus over the past year. Leading the way with 150 per cent growth year over year is burgundy wine, with the beverage being served at both fine dining restaurants and contemporary casual dining restaurants. Also in the beverage bracket, hard seltzer is ...Read more about this post
March 7, 2022 A new report from Paytronix has found that restaurant managers are increasingly looking to integrate physical and online customer experience as a key component of their innovation strategy to boost restaurant sales. The 2022 Restaurant Friction Index found that a cross-channel ordering experience has become an integral approach. Four in 10 (41 per cent) of the ...Read more about this post
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
