The restaurant industry has seen its share of structural shocks in the past two years, with the pandemic affecting sales in 2020 and supply chain constraints affecting operators in 2021. In 2022, the industry has been facing rampant inflation, a cash-constrained consumer, and new subvariants of COVID-19.
As we enter the back half of 2022, where does the restaurant industry stand? What does the latest data show in terms of the following areas?
• Consumer traffic patterns at quick-service, full-service, and fast-casual restaurants
• Performance of chain restaurants vs. independent restaurants
• Trending menu items and restaurant concepts
• Ghost kitchens vs. virtual brands
In addition, as we look out to the next 12-24 months, what are some key considerations that restaurant operators need to be prepared for? What does the “restaurant of the future” look like?
Watch this FI-exclusive webinar as we invite R.J. Hottovy of Placer.ai and Patrick O’Reilly of Marcum LLP to share their insights on the state of the restaurant industry.
Placer.ai is the most advanced foot traffic analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. It is the first platform that fully empowers professionals in retail, commercial real estate, dining, and more to truly understand and maximize their offline activities with reporting capabilities that include visit trends, True Trade Areas, cannibalization/void analysis, demographics, cross-shopping, and favorite places. To learn more, visit https://hubs.li/Q019NFjv0.
Marcum LLP’s Food & Beverage Services group has the perfect recipe of knowledge and service capabilities to help companies stay flexible. Marcum’s professionals provide the accounting, tax, and consulting services so that companies can concentrate on the growth of their business. Marcum serves a variety of food and beverage clients including distributors and manufacturers, importers, restaurant chains, processors and packaging, agribusinesses, and retailers. For more information, please visit https://www.marcumllp.com/industries/food-beverage.