State of Restaurant Industry Reports $997B in Sales, Tech Adoption Up
Foodservice industry sales are to reach $997 billion in 2023, according to the “2023 State of the Restaurant Industry Report” by the National Restaurant Association. That’s up $60 billion from last year’s report, driven in-part by higher menu prices and...
Five-Year Forecast: U.S. Online Grocery Sales See Growth
Despite the slowing of U.S. online grocery sales following the peak-pandemic era, the sector projects to maintain annual growth over the next five years, according to Brick Meets Click/Mercatus 5-Year Grocery Sales Forecast. The forecast estimates U.S. online grocery...
Restaurants Adopt Automation to Navigate Industry Challenges, Survey Says
As restaurateurs around the world are grappling with high inflation rates, labor shortages, and economic uncertainty, technology seems to be key in addressing macroeconomic conditions, according to the 2022 Global State of the Hospitality Industry survey by...
Southeast Asia food delivery market slows to 5 percent
Food delivery growth in Southeast Asia appears to be normalizing to pre-pandemic levels, after two years of supercharged growth from the pandemic. Online food delivery spending rose 5 percent to $16.3 billion in 2022, according to a report by venture builder Momentum...
New Survey Shows Delivery Appetite Still Growing
A new consumer survey from Deliverect, a delivery order integration provider, shows that interest in delivery and takeout is still increasing. Data collected during early August showed that 42 percent of U.S. adults are ordering delivery three times a week, which is a...
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