Pivot North Consulting | PNC Specialty Foods’ Post

Interested in taking your restaurant's best dishes to the retail market? Join us for a free workshop session on May 24th at 10am PST. Discover how other restaurant owners are successfully using retail CPG strategies to grow their business. Learn from an industry expert and get ready to expand your brand! Register here: https://lnkd.in/gpm4J8U9 #MenuToMarket #CPG #restaurants #growthstrategies #foodindustry #restaurantgrowth #retailstrategy

Our new post is out about how ToastTAB POS helps you to make data driven decisions for your restaurant.

Restaurant chains in the U.S. account for a market capitalization of almost $500 billion (as of the end of 2023) divided among 48 companies. Every foodservice category has a clear market share leader with one exception - casual dining. While the leaders in QSR, Coffee, Fast-Casual, and Pizza each own more than 60% of the category’s market cap, for Casual Dining the leader accounts for 45% of the segment’s market cap. This is another fascinating proof point that casual dining is ripe for M&A and consolidation. But it’s a category with such a breath of brands, results, and potential that commercial due diligence is vital. #restaurants #QSR #strategy #duediligence

The heat is on in the kitchen: 45% of restaurant businesses anticipate fiercer competition this year. Plus, a whopping 90% report their customers are more value-conscious than ever before. So, how can restaurants amplify their competitive edge? Check out our newest article “Top 10 Restaurant Trends Shaping the Future of Dining” and see how our Curion Restaurant team is helping brands understand their category and their customers! #RestaurantInnovation #ConsumerInsights #FoodService #MenuStrategy #Strategy #Restaurants #DataScience #MarketResearch #MRX #QSR #FSR #Diners #FamilyDiners #LimitedServiceRestaurants #FastCasualRestaurants #CustomerExperience #CX

This week news broke that Panera Bread was, in fact, overhauling their menu. Coverage took two focal points: Embracing Value and Reduction of Menu Size. Both have fantastic implications for restaurant digital experiences and I dive into the details in this Little Rap. 1. Value is an equation: Value is when a restaurant brand delivers above expectations for a price below expectations. In Panera's case it's a commitment to larger portions with options for under $10. 2. Value Menus help drive more transactions on the digital front meaning more traffic to restaurant brand websites and apps and more opportunity for upsells and loyalty engagement 3. Smaller menus mean less decision fatigue and more pull through The list goes on of the benefits from this push. What restaurant brands should be hearing is that value is here to stay for the foreseeable future and that brands can win with value focus. That doesn't mean going cheap! Thanks to Lauren Fernandez for posting the Fast Casual article & Joanna Fantozzi for her brilliant coverage in Nation's Restaurant News https://lnkd.in/gmkv_YhR #restaurantsuccess #restaurantstrategy #restaurantdigital #digitalrestaurant #restauranttechnology #restauranttech #restaurantoperations #digitalstrategy #digitalmarketing #restaurantmarketing #restauranttrends #restaurantops

As investors express concern about an economic slowdown, monitoring consumer spending in areas where inflation has been a burden can indicate what's to come https://lnkd.in/ed3vsaTp. One of those key areas is restaurant spending, particularly where inflation has hit hardest: quick-serve restaurants (QSR), casual dining, and fast casual dining. Here's a look at McDonald's (the largest QSR franchise in the U.S.) and Starbucks transactions versus spending. Dig into our latest research to see how current consumer consumption could indicate broader economic trends.

It's never a bad idea to run a SWOT analysis. The restaurant industry is always changing, customer preferences evolve, and new competitors emerge. Learn how to conduct a SWOT analysis of your restaurant and build a strategy to implement your findings. https://buff.ly/48IFjjr #Restaurants #RestaurantManagement

Maximize Profits in Your Restaurant: Forecasting Inventory Costs with Accuracy Learn how to forecast your inventory costs without manual counting. Discover how to utilize recipe knowledge, sales data, and price fluctuations to provide accurate cost forecasts for your menu items. By implementing this strategy, you can optimize your inventory management and maximize profits in your restaurant. #RestaurantInventory #InventoryManagement #CostForecasting #MaximizeProfits #MenuOptimization #RecipeKnowledge #SalesData #PriceFluctuations #RestaurantSuccess #InventoryCosts

Narrow Down Customers Expectations Instead of just explaining the best seller menu items or beverages at your restaurant, it’s more efficient to narrow down your customers expectations to match the options. By doing so, you not only streamline their decision making process but also gain valuable insights into their preferences. This approach allows you to recommend dishes that not only satisfy their tastes but also align with your upselling strategy. #hospitality #restaurant #sommelier #upselling #strategy #forbesstandard #dealing

In the competitive world of the restaurant industry, where ambiance and presentation play a vital role, finding innovative ways to entice customers and boost sales is a constant challenge. One such innovation that has been making waves is the use of LED displays. These dynamic and vibrant screens not only add a touch of modernity to your establishment but also have the potential to significantly increase your restaurant's drink and food sales. In this blog post, we'll delve into the reasons why incorporating LED displays could be the secret ingredient your restaurant needs for a successful recipe of increased sales. https://lnkd.in/e7fgxeWg