Insights, Alerts

& Trends

Restaurant Industry News

Insights, Alerts & Trends | RESTAURANTS IATS  |  RESTAURANTS IATS  JUly 14

Restaurant Industry News

Questionable Restaurant Revitalization Fund distribution, rising food cost concerns and more

POLITICAL:

Details released on what businesses received grants from the Restaurant Revitalization Fund are raising questions about eligibility of establishments and fraud given the number of evidentlyunqualified businesses that received grants after all.

SOCIAL:

Most restaurant operators are now confident that their businesses will survive past the pandemic. However, rising food costs and worker shortages are the next issues facing the industry and unfortunately, they don’t seem to be going away any time soon.

ENVIRONMENTAL:

Across the United States, restaurants are promoting sustainable, ‘climatarian’ menu items, which, while being environmentally friendly, also increase customer interest and drive sales in that direction.

PROFESSIONAL DEVELOPMENT:

Here’s how to use gratitude to guide yourself during an intensive time.

ECONOMIC:

Restaurant stocks are predicted to boom through the second half of the year, particularly in the full-service sector. This is due to a combination of factors, including many businesses reopening and seeing a return to pre-pandemic or greater business levels.

TECHNOLOGY:

Restaurant operations can be streamlined through restaurant reservation systems. These online systems require fewer staff and provide restaurants new data that can be leveraged to keep guests coming back.

LEGAL:

A restaurant that refused to rehire an employee was vindicated in court. The ex-employee’s case was dismissed on the grounds that they had quit voluntarily and should only have been given re-hiring preference if they had been fired due to economic reasons. Similar cases may play out across the country as restaurants seek to hire post-pandemic.