- Wheat, Palm oil, sunflower oil, soybean oil, beef, sugar, and maize are some of the main ingredients being impacted by the recent food export bans due to poor harvests, heatwaves, supply-chain bottlenecks, and from the war in Ukraine. Joseph Glauber, a researcher at the International Food Policy Research Institute shared with Insider that he doesn’t believe food prices will go down anytime soon.
Source: Insider. Read the full article here.
- In a recent research done by Acosta, a global integrated sales and marketing service provider, shares that while 54% of consumers are dining out less often because of inflation in food prices, one-third of consumers are deciding to opt for less expensive restaurants so they can still enjoy dining out at a similar price of what they would normally spend.
Source: Blue Book Services. Read the full article here.
- Technology is constantly changing in our tech-filled world – and that means in the restaurant industry, too. The top six tech trends in the restaurant industry in 2022 to offer consumers are online ordering, contactless payments, restaurant reservation software, drone food delivery systems, chatbots, and air purification. With one in three Americans ordering food online each week, customer satisfaction and incorporating these trends into your business where you can is key.
Source: Forbes. Read the full article here.