The future for many SMB restaurants is unknown right now. With social distancing and hospitality guidelines varying by state and county, it's been a difficult road. The industry itself was originally in 2020, now, that is unknown. projected to reach $899 billion in projected sales We can predict with some certainty, however, that technology has the potential to empower the restaurant industry and offer opportunities to pivot and change the way its always been done. Restaurant industry experts know that restaurants in order to achieve profitability. With many restaurants now operating at 50% capacity or less due to COVID-19 restrictions, must function at 75% capacity how do they make up the remaining 25%? First and foremost -- safety for both employees and customers followed by the technologies and then reinventing the entire customer journey. It's extremely overwhelming, but when industry leaders come together and technology is available, it can happen. rise of contactless and touch free Safety Is Now a Top Concern for Restaurant Customers Ordering Off-Premises Profitability is key for restaurants because it's the determining factor of whether they are able to stay open this time. For many small businesses, there may not be a significant runway to hold out if profits continue to be reduced. Even in 2019, for them. The ability to deliver a food experience outside of the physical restaurant will only continue to rise (if not become essential). 78% of restaurants said off-premise is a strategic priority ...As evidence of personalization’s power, will choose takeout from a restaurant if they receive offers tailored to their specific dining history, and another 39 percent will choose to dine at the same restaurant for that reason. 42 percent of guests AI and machine learning allow restaurant operators to be creative with food, service and delivery experiments, continually trying different offers to see what works. - Modern Restaurant Management Restaurant futurist and OneDine founder Rom Krupp has developed a to highlight a in 2020 and beyond due to COVID-19. It takes into account not only the integration of technology, but how the entire experience needs to shift in order to achieve profitability. developed an infographic three-part plan for “Restaurant Recovery” The three main contributing factors for restaurant recovery have been identified through a combination of research and expert insight from those immersed in the restaurant tech space are: Contactless dining; Labor optimization; and Changing the customer journey Each factor above has a specific combination of technology and process that, followed prescriptively can help restaurants to work towards profitability in a socially distanced and contactless environment.

Different

Newton partners with x.ai, now the first native calendar scheduling integration

The Rise Of The Multiverse Economies And Social Interactions In Video Games

Can Technology Help to Save Restaurants [Infographic]

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

10 founder-friendly PR tips everyone should do to prevent starting from zero

The Noonification: Use This 7-Step McKinsey Framework to Solve Any Problem (1/10/2023)

$500k Presale: TG.Casino Passes Milestone with Upcoming Telegram-Powered Platform

The Noonification: Have U Been Pwned? (1/12/2023)

0xMahjong NFT to Begin Free Minting - Mahjong Meta Game Expects Over $10 Million In Funding

105 Stories To Learn About Outsourcing

10 founder-friendly PR tips everyone should do to prevent starting from zero

The Noonification: Use This 7-Step McKinsey Framework to Solve Any Problem (1/10/2023)

$500k Presale: TG.Casino Passes Milestone with Upcoming Telegram-Powered Platform

The Noonification: Have U Been Pwned? (1/12/2023)

0xMahjong NFT to Begin Free Minting - Mahjong Meta Game Expects Over $10 Million In Funding

105 Stories To Learn About Outsourcing

Light-Mode

Classic

Newspaper

Minty

Dark-Mode

Neon Noir

Minty

HN StartUps