Taking the time to keep up with industry news and sector insights is difficult. Our JG Neil & Co ‘Industry Insights’ summary includes a snapshot of significant developments, changes and highlights affecting the restaurant industry both nationally and in the Pacific North West. We have summarized the key news from top influential channels so that you don’t have to!
1. McDonald’s will serve fresh beef in 2018
McDonald’s Corp., in one of its biggest shifts in cooking procedures in years, said on Thursday that it would serve fresh beef Quarter Pounders, cooked to order, nationwide by mid-2018.
Click here for the full story: https://goo.gl/uKIWeX
2. Parental Leave Has a Promising Future in Fast Food
Leaders like Yum! Brands and Starbucks are paving the way for a more progressive future. As some quick-service companies look for ways to stand out from the competition and offer better work incentives for their employees, an important issue is paid parental leave. With such a high turnover in the sector, this seems like the ideal time for companies to address the issue, which can boost employee morale and improve worker retention if handled well.
Click here for the full story: https://goo.gl/pjuMQj
3. Why Mobile Should Be Your Secret Weapon
Around 80 percent of the U.S. population use mobile devices to make everyday tasks easier. This includes dining out. Whether it’s to text, tweet, photograph, email or check in, around 80 percent of the U.S. population use mobile devices to make everyday tasks easier. Simply put, mobile rules. As a channel, it represents a huge opportunity for the quick-service industry. Not only to improve the overall guest experience but also drive results that matter to operators.
Click here for the full story: https://goo.gl/iE04v6
4. Suggested gratuities inch up to an 18-percent minimum
A 15-percent tip has traditionally been standard, but recent reports show that’s changing
Click here for the full story: https://goo.gl/IiS6um
5. University to scrap many unhealthy menu items
Rutgers University at New Brunswick in New Jersey is revamping its food offerings to include more healthy menu items, nj.com reports.
Click here for the full story: https://goo.gl/CbqZOx
6. Fast Casual Makes its Dinner Push
Fast casual 2.0 chains are going after the evening daypart with an arsenal of plated meals, craft beverages, and linger-worthy ambiance. Fast casuals are trying to capture consumer interest in their second-biggest daypart—dinner—by relying on elevated service, upscale environments, and higher-quality food and beverage offerings.
Click here for the full story: https://goo.gl/e9gMvb
7. Restaurants get creative in their efforts to reduce food waste
Diners leave about 17 percent of meals uneaten on average, and 55 percent of potential leftovers are not taken home. A single restaurant can produce about 25,000 to 75,000 pounds of food waste a year, the USDA estimates, and food waste comprises about half of a restaurant’s waste stream.
Click here for the full story: https://goo.gl/dvJRnA
8. Take advantage of a seller’s market
Restaurant companies are capturing historically high prices – 2017 is turning out to be the year of restaurant acquisitions.
Click here for the full story: https://goo.gl/jxVl1S
9. Happy hour pays off for bar operators, data finds
Designated drink specials boost transactions and revenue.
Click here for the full story: https://goo.gl/kFqzRS
10. How Mindful Eating is Driving Quick Service
More limited-service chains are focusing on mindfulness as a way to meet consumer demand for health. This is not just about a healthy diet. It’s awareness of your impact on life, from the atmosphere of your restaurant to all of the little things that make the eating experience not just a fulfillment.”
Click here for the full story: https://goo.gl/LMc3vD
11. Restaurants Stir Daytime Sales with Low-Booze Cocktails
Low-alcohol drink programs don’t have to be a buzzkill. With more consumers looking for healthful alternatives as well as a longer social experience from restaurants, these low-proof drinks are being treated much like session beers, allowing diners to consume multiple cocktails over the course of a meal, including potentially during daytime hours. Here’s a glimpse at how (and why) several operators are presenting low-alcohol libations.
Click here for the full story: https://goo.gl/2Ldw0z
12. Three Unconventional Places to Find Food Service Talent
At a recent industry conference, one FSD said the usual pipeline for food service workers have dried up because of increased competition; as a result, more operators might be feeling the squeeze. Rather than searching around in vain, consider these non-traditional sources for quality candidates.
Click here for the full story: https://goo.gl/2zNZ2Z
Contact the JG Neil team at the following offices: