As restaurant tech consolidates, an ode to the point solution #Technology Read more ⬇️
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Restaurant tech companies who operate via subscription model are reaching a turning point. ↩️ Many founders and investors, who previously relied on Growth-at-any-Cost (GAAC) strategies for market penetration and expansion, are now undergoing a fundamental mindset shift. My latest blog sheds some insights and opinions on the matter. #restaurantindustry #b2b #sales #gaac #peg #gtm
𝙊𝙥𝙞𝙣𝙞𝙤𝙣: 𝙍𝙚𝙨𝙩𝙖𝙪𝙧𝙖𝙣𝙩 𝙩𝙚𝙘𝙝 𝙣𝙚𝙚𝙙𝙨 𝙩𝙤 𝙨𝙡𝙤𝙬 𝙙𝙤𝙬𝙣 ⏯ Innovation in the restaurant tech space is accelerating, which is undoubtedly a net-positive for the overall industry. There's an unfortunate byproduct of this ongoing innovation, though, and too few people seem to be talking about it. In the past few years we've seen an influx of software providers that have simultaneously flooded the marketplace and, as a result, made it an increasingly difficult time to sell just about anything to restaurants. Worse yet, an astonishing number of these restaurant tech B2Bs appear to be prioritizing a relentless Growth-at-Any-Cost (GAAC) mentality, something we believe to be both outdated and counterintuitive. As the industry continues to evolve, it's crucial that we address this debunked growth strategy and steer modern go-to-market motions toward their younger, more sustainable counterpart. 👉 Let's talk about it: https://lnkd.in/dnuEYdTg #restauranttech #techindustry #businesstrend #digitaltransformation #growthstrategy #b2b #gotomarket #gtm #restaurantindustry #sales #marketintelligence #gtmstrategy
Opinion: Restaurant tech needs to slow down
https://www.restaurantology.io
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A game-changer for both personal and business life! Let's hear from one of our valued customers how PriyoShop simplifies his life as well as his business through technology. #feedback #customerfeedback #msme #gamechanger #restaurant #priyoshop #bangladesh #fintech
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Times are tough in the restaurant industry, as operators face pressures from all sides: Falling traffic, increased labor costs, uncertainty over technology, high food costs, the list goes on. After a several-year hiatus, Restaurant Business is bringing back its 50 Great Ideas special section. On these pages, you’ll find tips for boosting check averages, repurposing ingredients, tech utilization, reducing waste and much more. https://lnkd.in/d3KPDQ6c
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Facing Tough Times in the Restaurant Industry? Restaurant operators are dealing with numerous pressures: declining customer traffic, rising labor costs, uncertainty over technology, and high food costs. The list can be overwhelming. SmartLynX Can Help! 👉 https://lnkd.in/e85s3Wti Manage Labor Costs: Optimize staffing with smart scheduling and labor management tools. Embrace Technology: Seamlessly integrate the latest tech innovations to streamline operations. Control Food Costs: Efficiently manage inventory and reduce waste with real-time tracking. Discover how SmartLynX can transform your restaurant operations and help you navigate challenging times.
Times are tough in the restaurant industry, as operators face pressures from all sides: Falling traffic, increased labor costs, uncertainty over technology, high food costs, the list goes on. After a several-year hiatus, Restaurant Business is bringing back its 50 Great Ideas special section. On these pages, you’ll find tips for boosting check averages, repurposing ingredients, tech utilization, reducing waste and much more. https://lnkd.in/d3KPDQ6c
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A food revolution in the making? As a restaurateur the past 9 years, I find myself with my partner and wife constantly navigating a myriad of challenges that often go unnoticed by most guests. Managing food costs amid fluctuating market prices, coping with the scarcity of experienced staff, and adapting to the ever-changing dining preferences post-pandemic are just the tip of the iceberg. The economic pressures are tangible: rising ingredient costs 💰, labor 🥼shortages and the constant need for innovation 🧠 to remain competitive are daily hurdles. The solution? We had to think outside the box 📦 And that’s what we have done ✅ A platform that will revolutionize how restaurants operate. It’s very simple to use, has no hidden costs and is built by restauranteurs for restauranteurs. We expect this platform and accompanying app to change the way food is consumed. More to be announced in the near weeks, when we launch our new business in Stockholm. Exciting time
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We are excited to share with you our latest report on the state of the Restaurant Technology ecosystem. The restaurant sector underwent significant digital transformation during COVID, as owners and operators rapidly deployed technology in order to establish a critical lifeline to customers. Today, owners and operators continue to face significant macro and industry specific challenges, even as the restaurant ecosystem has normalized and returned to pre-pandemic operating levels, with 750,000 locations and $876B in spend in 2023. Tech adoption priorities have shifted coming out of the pandemic, moving from "get me revenue" during the shutdowns, to "get my customer back in" coming through the COVID wind down, to "get me business efficiency" in the present as restaurants look to combat headwinds in a "normalized" operating environment. Authors: Charlie Schopp, Jonathan Weibrecht & Zachary Rosenberg To request a download, please click on the link below.
AGC's 2024 Restaurant Technology Update | AGC Partners
agcpartners.com
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Chief Operating Officer | C-Suite Executive | Restaurant Industry Specialist | Future of Food & Hospitality Innovator | QSR & Customer Experience Strategist | Transformational Leader | Board Member | Keynote Speaker
Very interesting findings from the National Restaurant Association's 2024 State of the Industry report! ➡️ Full-service restaurants need to be stepping up their tech game ➡️ Easier ordering experiences trump shorter wait times ➡️ Tech adaptation has fallen squarely across generational lines ➡️ Many people prefer to order from delivery apps ➡️ Automation is augmenting instead of replacing staff #RestaurantTech #Restaurants #Tech
Human-centric tech is key to the future of restaurants
nrn.com
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Restaurant tech is in it's early stages. I made the comment to a couple of people this week that we are likely to see some Pets.com/Webvan etc. type failures (akin to the Dot Com bubble). We are still in the very early stages of restaurant technology as a category. There is also likely to be a bunch of consolidation as companies get put together for more resources (better able to deliver products that solve the big problems) and to generate better financial results. The second part of that is that we will see far more stitching together/integrations becoming more robust and more prevalent as the industry matures (this is already starting to happen and will only accelerate over the next couple of years). We are not extremely far off from a world where the data you have is open and accessible and easily able to be pushed from one system to another (this will materially improve operators lives). The industry has to move in this direction and invest in these tools. Finally we will see less feature companies and far more solutions oriented companies (many of which will provide setup and implementation as well as ongoing support for their restaurant client's) that truly save meaningful problems in the space. That service and support drives Return on Time in addition to Return on Investment, by giving operators back more time to focus on other aspects of their business.
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About Wonder: Imagine: Within the tap of a button, a perfectly prepared meal from your choice of cuisines appears at your doorstep in minutes. That’s what our customers experience. At Wonder, we believe everyone has the right to great food. That’s why we’ve created the next generation of restaurant chains powered by an advanced mobile platform that lets our customers experience the world’s most delicious food—anytime, anywhere. We partner with world-renowned chefs to craft exclusive menus and bring their unique recipes right to you on our mobile restaurants. As a food-tech startup backed by top-tier venture capitalists and led by a team of experienced entrepreneurs—including some of the most accomplished leaders in the technology, culinary, and logistics industries—we’re growing fast. Join us in pioneering a future that approaches food equitably, sustainably, and thoughtfully. You’ll work in a supportive and collaborative environment where our culture and our values—Mastery, Compassion, and Courage—are taken as seriously as delivering an incredible experience for our customers. #wonder
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The restaurant industry has always been unique in that no matter what changes around us, whatever innovations flood the sector, the bare bones of why customers visit comes back to the same principles: great food and service beat every other frequency driver on earth. Now ... can these realities live in harmony? AKA, can tech enable versus replace that connective element? The answer is yes, but it's an ever-evolving topic. This is the first of a multi-piece series I'll be writing up with some data help from TouchBistro on the state of the restaurant consumer. Inflation is catching up with operators and guests alike. So is it time to officially step out of the "COVID era" and into the "experience era?" We will explore.
What Do Restaurant Customers Want in 2024? Savings, Convenience, and Connection - FSR magazine
https://www.fsrmagazine.com
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