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 […]
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 […]
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 […]
The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron variant of COVID-19, according to Statistics Canada data. As the foodservice industry has come to expect over the last two years, it was hit hardest than most, The decrease marked the largest drop since […]
By Tom Nightingale Canadian restaurants were experiencing a post-pandemic renaissance. Then, the Omicron variant of COVID-19 hit. It might not be quite that simple, but the boiled-down version is that foodservice was rebounding until the full effects of the most recent variant spread were felt earlier this winter. Restaurants had reopened and were finally free […]
Restaurant diners are increasingly turning their noses up at fried foods, according to a new industry report. Black Box Intelligence’s latest pulse report says that guest sentiment for fried foods has declined since the start of the pandemic at both limited- and full-service restaurants. The greatest decline in fried food’s appeal to diners was in […]
The increasing prominence and profitability of off-premises dining has been a prominent accelerated shift throughout the pandemic. Now and moving forward, restaurants must realize that appealing to the multiplatform customer is vital for survival and success. Financial services company Rabobank estimates that even coming into COVID-19, off-premises sales had increased nearly four times faster than […]
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 […]
A common topic of discussion in the latter half of 2021 within the foodservice industry was the ongoing labour shortage. That has been well-documented, but what about those staff who have been clocking in to their restaurant shifts throughout the pandemic? COVID-19 hasn’t just caused the workforce to shrink and stretched restaurant operations in both […]
Restaurant owners have some serious and understandable concerns over the rise of the Omicron COVID-19 variant and the effect it may have on their business. Infection rates and hospitalizations are climbing again across Canada and the U.S. due to both the Delta variant that has been present for the last few months and the newer […]
