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Can 2024 Rescue Restaurant Owners?
Sanjana B | November 03, 2023

 

Amidst record-breaking inflation, labor shortages, and persistent supply chain disruptions, the foodservice industry grapples with a challenging road to recovery.

Restaurateurs wonder if the upcoming year holds any respite. Brad Lancaster, CEO of Restaurant Supply Store, highlights the escalating supply chain vulnerability and rising operational costs due to global disruptions and inflation.

Predictions for 2024 indicate a shift towards conscious consumerism, with diners seeking transparent, values-aligned restaurants.

Digitalization and innovation will continue to reshape the industry. Current statistics reveal one-third of Canadian restaurants operating at a loss, prompting menu price increases and creativity in providing enhanced customer experiences.

Technology, including precision cooking and data analytics, offers solutions to boost efficiency, resilience, and growth, while enhancing the overall customer experience.

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