March 28, 2023 We’ve certainly heard a lot about inflation in the news lately, but how is “shrinkflation” affecting the foodservice industry? According to Sylvain Charlebois, professor at Dalhousie University, shrinkflation is when a food manufacturer reduces the quantities its producing, but sells the product for the same price.
Because this practice is increasing, the Canada Revenue Agency has ...Read more about this post
March 27, 2023 Amid the foodservice industry’s struggle to recover, the Canadian government is getting ready to introduce the largest alcohol tax hike in history. On April 1, the federal alcohol duty is set to go up 6.3 per cent.
The yearly increase has always been considered a nuisance for the industry, as alcohol excise duties are imposed at ...Read more about this post
March 17, 2023 As rising food costs continue to make headlines, many restaurants have raised their menu prices to help find a balance and offset their increased expenses. Rather than simply upping prices across the board, it’s a good time for restaurants to evaluate their margins, engineer their menus, and adjust pricing to better the bottom line.
RELATED: Is ...Read more about this post
March 13, 2023 As the recent single-use plastic ban takes effect in Canada, more restaurants are going greener, adjusting their practices to reduce their environmental impact, and addressing consumer demand for higher sustainability from the businesses they frequent.
RELATED: Sustainability matters to Canadian consumers
With 57 per cent of diners looking for more sustainability from QSRs, some of the biggest ...Read more about this post
March 8, 2023 The fast-food market is becoming even more competitive, as convenience stores continue to get attention in this space. With persistent labour shortages, supply chain delays, and the significant growth of off-premise dining, many stores are expanding, capitalizing on higher food margins to help grow their profits.
Can convenience stores deliver what diners are looking for? Consumers ...Read more about this post
March 3, 2023 As a restaurateur, prioritizing your guest experience is vital in garnering return visits, and longer wait times could be hindering your restaurant’s success. Nobody likes waiting, and your diners are no exception. In fact, a study of 94,000 diners found that the revenue of a popular restaurant increased by 15 per cent when wait times ...Read more about this post
February 28, 2023 According to Technomic’s latest report, the last quarter of 2022 showed diners are ordering more off the menu, even as menu prices saw an increase of about six percent across the board. Only the kids’ menu category saw a decline in menu counts, finishing off the year with numbers down 2.2 percent overall.
According to the ...Read more about this post
February 22, 2023 Restaurants continue to struggle with food costs and labour shortages, but some experts are seeing inflation as a catalyst for positive change. David Hopkins, president of The Fifteen Group, sees the situation as a great opportunity for restaurants to tighten their operations and increase efficiency. Adjust pricing to address inflation “Restaurants have always had to face challenges ...Read more about this post
February 10, 2023 March is full of fun holidays that will get your guests’ mouths watering and give you the chance to up your restaurant’s revenues. Celebrating food holidays at your restaurant is a great way to try out new promos, attract new customers, and offer your regulars an extra reason to return. Bringing people together to try ...Read more about this post
February 9, 2023 As we continue to navigate staffing shortages and inflation, the hospitality industry is adopting technology tools to help deliver exceptional guest experiences. According to Lightspeed’s 2022 Global State of the Hospitality Industry Report, businesses are getting creative with tech solutions to stay afloat and get ahead. Staffing shortages With 50 per cent of businesses working with ...Read more about this post
February 2, 2023 Valentine’s Day is right around the corner, and since it’s the second most popular day to dine out, offering promos your guests will love is a win-win. According to a recent study by OpenTable, 72 per cent of those celebrating want to splurge at local restaurants, and are planning to spend over $41 per person, ...Read more about this post
January 26, 2023 Canada’s ban on single-use plastics, covering plastic bags, cutlery, foodservice ware, stir sticks, and straws took effect on December 20. It comes as part of Environment and Climate Change Canada’s effort to achieve zero waste by 2030. Since third-party takeout and delivery orders are up 63 per cent from pre-pandemic days, finding viable alternatives is ...Read more about this post
January 19, 2023 Canada’s inflation rate slowed to 6.3 per cent in December (the lowest it’s been since February 2022), with the cost of living declining 0.6 per cent in November and December. According to reports, the reduced rates are directly related to lower gasoline prices, resulting in December’s lowest one-month dip since April 2020. Food prices, however, continue ...Read more about this post
January 12, 2023 Many restaurant chains are still on the path to recovery, continuing to struggle with inflation, supply chain delays, and labour shortages. But for some, 2023 brings the promise of growth and expansion, even amid the possibility of an impending recession. RELATED: 2023 sees food prices rising even higher As we work towards getting back to pre-pandemic ...Read more about this post
January 9, 2023 As the foodservice industry continues to move towards a full recovery, restaurants are gearing up for a challenging 2023. Restaurateurs are not especially optimistic, with only 16 per cent expecting profits to increase and 50 per cent preparing to lose money next year. In an effort to boost bottom lines, over 30 per cent have canceled ...Read more about this post
