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This blog post dives into Harsh Ghai's decision to roll out digital kiosks across his fast-food restaurants. Ghai, a major franchisee owning 180 locations, is rapidly implementing this technology to cut costs due to California state's new $20 minimum wage for fast-food workers. With prices already raised and further increases deemed risky, Ghai sees kiosks as a more cost-effective solution than reducing staff hours or delaying new restaurants. This trend of kiosk adoption is likely to accelerate in California's fast-food industry due to the higher labor costs. https://lnkd.in/er4pMGuT

How much of an impact does the supermarket have to a highstreet? I think a lot more than I originally thought. Here is a map.. the crudly drawn Blue X is where we are staying. this map shows the nearest tesco to us... the nearest supermarket is an hour away... In the town we are staying there is not a single empty shop. it's thriving with trade and business is booming, not only that but as someone who has been visiting this wonderful place since a child, the people who run these businesses are the the same families from my childhood. Many point the finger to online trade as the reason for the highstreet downfall... but does the supermarket play a bigger part then we realise? what do you think? #highstreet #smallbusiness #Independentshops

Fastbee, founded in 2017, shut down after 1.5 years in Singapore. Why? Back then, Fastbee started as a service that delivered hawker food via vending machines as distribution points. At its peak, Fastbee operated 10 vending machines and made more than 800 deliveries a week. 🔴 The Problem — Customers at business parks had limited food options and didn’t want to pay high fees for door-to-door food delivery. 🟢 The Solution — Fastbee provided a wider range of hawker food options to customers at a cheaper cost with convenience. Unlike most food delivery companies, Fastbee didn’t take a cut from orders and only made money through a fixed $1.50 delivery fee for each order. 💰 Because of the early traction, Kar Kiat (founder of Fastbee) successfully raised funding from investors. But the fund wasn’t enough to sustain the business, so Kar Kiat also financed Fastbee using his own savings. Within 8 months, Fastbee quickly expanded from 1 to 10 vending machines in 2017 across various industrial and business parks. While the expansion seemed like a good move, that was when the problems began. Fastbee was burning cash due to the manpower cost, logistics cost, maintenance cost of vending machines, tech cost, and other operational overhead. 💸 By early 2018, Fastbee’s was running out of cash. At the same time, Fastbee was outcompeted by other competitors with their resources to perform extensive marketing efforts, like giving out promo codes to customers aggressively. Because of these factors, Fastbee was shut down in August 2018. From a fast-growing startup in Singapore to the collapse of Fastbee, there are many mistakes made, there are also many lessons learned for founders. Which lessons did I miss? *** This Sunday, I'll deep dive into Fastbee's failure (full story), its mistakes and lessons learned in my newsletter. Join us here: https://lnkd.in/gKDxanMK 🤝🏻

To Revamp Business, 7-Eleven Turns To Japan 7-Eleven Even the world’s largest convenience store chain sometimes needs to change its game plan. Right now, 7-Eleven is looking to beef up its business model… And they’re getting a little help from their friends over in Japan. 7-Eleven Revamp When 7-Eleven first opened way back in 1927, the company was owned and operated in the U.S. But after it went bankrupt for the second time in 1990, a majority stake was bought by a Japanese supermarket chain, Ito-Yokado… And later the company became known as Seven and I Holdings. But since 7-Eleven first opened nearly 100 years ago, it quickly became the world’s largest convenience store chain… WITH OVER 84,000 LOCATIONS WORLDWIDE AND 13,000 LOCATIONS IN THE UNITED STATES In the states, the convenience store makes most of their revenue selling gas and cigarettes.. But the company is quickly shifting away from that model. With declining sales in both those categories, 7-Eleven is trying to restructure how it makes most of its money… And its big bet is serving fresh food within its stores. After all, demand for food is never going to wane. IN 2023, THE COMPANY SOLD $17 BILLION WORTH OF FRESH FOOD IN STORES That’s about 24% of the company’s overall sales. Now, the company wants to make that number even bigger. There’s one problem, however, 7-Eleven has a not-so-shiny reputation in the U.S… Usually, people will just go into a gas station convenience store because they need to be there, not out of a huge urge or desire. And we’ve all heard bad stories about gas station sandwiches once before… As the company moves into fresh food to make up more of its sales, it’s looking to emulate its counterparts in Japan… Not only in terms of the items they provide but also to make convenience stores cool again. Japanese Convenience Stores As mentioned above, 7-Eleven doesn’t have a great reputation in the States… But in Japan, it’s a completely different story. In Japan, this brand is known for having fresh food with an elevated quality… Meals in partnership with famous restaurants… And a better selection of outstanding items. In fact, these Japanese convenience stores are heavily sought after by tourists because of their selection… Drumming up excitement from shoppers all over the world. SO WHAT MAKES THESE STORES DIFFERENT FROM THEIR FELLOWS IN THE U.S.? In Japan, 7-Elevnens are focused on providing ultra-localized offerings in their stores… Making sure they have an array of national and local goods. But it doesn’t stop there. These convenience stores are incredibly data-driven. With this data, each store can decide exactly what to stock to make sure it sells out. Inventory decisions for fresh food and all other items are determined by: Store demographics (ages of purchasers) Time of day Weather patterns

Hello Connections, Have you ever wondered what goes on behind the scenes at McDonald's, the world's leading 🍔 fast-food chain? Beyond the iconic golden arches and delicious burgers lies a finely tuned operation that ensures consistency, quality, and efficiency at every step. 🚚 Supply Chain Management: McDonald's operates one of the most complex and sophisticated supply chains in the world. From sourcing the freshest ingredients to delivering them to thousands of restaurants worldwide, the supply chain is meticulously managed to ensure consistency and quality in every meal. 🍟Kitchen Operations: Behind the counter, McDonald's kitchens are a hive of activity, where precision and speed are paramount. With standardized processes and equipment, every burger, fries, and drink is prepared with the same attention to detail, whether you're in New York or Tokyo. 💡 Technology Integration: McDonald's is at the forefront of integrating technology into its operations. From self-ordering kiosks to mobile ordering apps, technology plays a crucial role in enhancing the customer experience and streamlining operations. 🎯 Training and Development: McDonald's invests heavily in training its employees to uphold the brand's standards. From crew members to managers, ongoing training ensures that everyone is equipped with the skills and knowledge to deliver exceptional service. 🍃Sustainability Initiatives: McDonald's is committed to sustainability across its operations. From reducing waste to sourcing sustainable ingredients, the company is constantly innovating to minimize its environmental footprint. 🧏♀️ Customer Experience: At the heart of McDonald's operations is the customer experience. Whether it's through friendly service, clean restaurants, or innovative menu options, McDonald's strives to exceed customer expectations at every touchpoint. 👥 Community Engagement: McDonald's is deeply rooted in the communities it serves. Through initiatives like Ronald McDonald House Charities and local community programs, the company gives back and makes a positive impact beyond the walls of its restaurants. Behind every meal is a dedicated team and a meticulously orchestrated operation that has made McDonald's a beloved household name around the world. “Quality, Service, Cleanliness and Value” – Ray Kroc (1967 to 1973 - The Former CEO of McDonald’s) became the mantra for all McDonald's owners, establishing a permanent benchmark for the entire foodservice and food-processing industries. And that’s why it stands apart! Feel free to share your thoughts and insights in the comments below. 😊 #McDonalds #Operations #BehindTheScenes #SupplyChainManagement #CustomerExperience #Sustainability

Minimum wage increases are creating a lot of pressure for restaurant operators in California and I'm grateful Presto is a tool so many of them are turning to for help. The labor reduction strategy (redeployment) for kiosk is very similar for AI as is the revenue model that our customers benefit from via upsell: "One common myth about automation is that it replaces human workers entirely in restaurants. While this is true for some kitchen robotics systems like Miso Robotics’ Flippy and Sweetgreen’s Infinite Kitchen, which replace fry cooks and food assembly positions, kiosk providers maintain that self-serve ordering allows restaurants to redeploy, not replace, labor. For example, Barton said an employee normally assigned to cashier duties can be freed up to perform more high-value tasks that can’t be automated, such as clearing tables or filling drink orders. This more efficient use of employees leads to a natural reduction in labor hours for restaurants... Plus, unlike humans, kiosks are programmed to always upsell." https://lnkd.in/g_66Knyg

Thai food delivery app LINE MAN Wongnai weighs IPO in Thailand, US in 2025 In a recent exclusive interview with TechCrunch, Yod Chinsupakul, CEO and co-founder of Line Man Wongnai, revealed the company's contemplation of an initial public offering (IPO) on a Thai exchange or potentially in the U.S. by 2025. The decision regarding the IPO venue remains pending, with a dual listing in Thailand and the U.S. being considered as a viable option, noted Chinsupakul. LINE MAN Wongnai, backed by prominent investors including Singapore’s sovereign wealth fund GIC, Z Holdings, and BRV Asia, has accrued over $372 million in funding and commands a valuation surpassing $1 billion. Chinsupakul emphasized the company's primary focus on business execution and restructuring in preparation for the prospective IPO, while concurrently assessing capital structures and financing needs. A key factor setting LINE MAN Wongnai apart, according to Chinsupakul, lies in its strategic collaborations with Line, Thailand's leading messaging app. Leveraging Line's extensive user base, Line Man Wongnai amalgamated with Line Man in 2020, facilitating access to a broader consumer demographic. Subsequent acquisitions of Rabbit Line Pay (RLP) and FoodStory in 2023 further augmented the company's offerings, encompassing food and grocery delivery, ride-hailing services, and a payments platform. As Chinsupakul elucidated, Line Man Wongnai aspires beyond the confines of a conventional super app, aiming to provide comprehensive solutions for both consumers and merchants alike. Acknowledging the competitive landscape dominated by entities like GrabFood and GoTo, Line Man Wongnai remains poised to capitalize on Thailand's burgeoning online food and grocery delivery market, underpinned by its robust penetration rate and untapped potential. With ambitions to expand its POS business and payments services, Line Man Wongnai is committed to bolstering its technological infrastructure, particularly in data analytics and AI. While navigating the trajectory towards IPO readiness, the company remains steadfast in its dedication to the Thailand market, eschewing immediate expansion into other Southeast Asian territories. As Line Man Wongnai charts its course towards a potential IPO, its strategic partnerships and relentless pursuit of innovation stand as pillars propelling the company's trajectory in the dynamic landscape of food technology and delivery services. Stay ahead with the latest in food delivery news from the weekly Boolanga Business Bites newsletter, brought to you by Wear Your Brand. Sign up for our LinkedIn newsletter now to receive weekly updates directly to your inbox every Monday.

Perfect for students or professionals, with easy access to shopping, parks, restaurants, groceries, off-leash areas and more. Learn more 👉 Link in comment #Zone16Condo #ModernCondo #ConcreteBuilding #IdealLocation #SouthEdmonton #StainlessSteelAppliances #TitledStorageLocker #MyRealHome #YEGre

Many restaurants are now turning to smart food lockers to solve problems with disorganised pickup shelves. These lockers store each customer's order securely and can only be accessed with a specific code. Kitchen staff simply place the order in its designated locker, then the customer or delivery driver takes the order and goes on their way. A customisable timer ensures orders don’t sit out too long if they’re not picked up. This innovative tech offers restaurants a number of benefits, from customer satisfaction to order security, to reduced food waste and labour spend. Click here to read more: https://bit.ly/44DUhpz #SmartFoodLockers #InnovativeTech #RestaurantTech #RestaurantInnovation