- While most, if not all, restaurants are fully reopened for dine-in after being closed due to the COVID-19 pandemic, the amount of consumers dining-in has been on the decline. Now more than ever, consumers are opting for take-out or drive-thrus. According to a recent study by Presto Pulse, 25% of those surveyed are more likely to use dine-in compared to last year, and 46% are more likely to order takeout.
Source: QSR Web. Read the full article here.
- In a recent survey by Carl Marks Advisors in partnership with Supply Chain Brain, 75% of those surveyed shared that supply chain issues have negatively impacted their company revenue. 86% of those surveyed shared that their supply chain costs had increased anywhere from 20%-60% between December 2020 and December 2022.
Source: SGB Media. Read the full article here.
- With rising freight costs due to the COVID-19 pandemic and the Russian-Ukraine war, many are looking to minimize costs where they can. Some tips to reduce freight costs are:
- Avoid sending air. Ensuring any boxes that you are sending are full or almost full, so you are getting what you pay for.
- Consolidate! Many consumers will order more than one package over the course of a few days or even hours. If you notice this trend, and time allows, hold off and ship everything at once opposed to sending several shipments.
- Route planning and fleet management. By taking advantage of the load utilization of trucks and decreasing travel, this is a great way to reduce freight costs by putting some thought into planning.
Source: Supply & Demand Chain Executive. Read the full article here.