The research also indicates that aboutfast food businesses operate in the United States. Economic Downturns Fast food restaurants tend to fare better during an economic downturn than pricier restaurants do.
Fryett — Fryett Consulting Group I often get asked as to what I believe are some of those key, global trends that are, or will be impacting the global food service industry. Well, here are my thoughts on what I believe some of those trends are. This list is not meant to be all inclusive in nature as daily events and occurrences could, and will, have an impact upon this list.
Though, it should be noted, that several of the Macro trends could also be viewed as Operational in nature, and of course, just the opposite as well — several of the Operational trends could be viewed as Macro in nature. Energy Efficiency — Greater emphasis is being place on energy efficient products — this will only get more important as the global demand for energy increases, especially with the rapid growth of the middle class in a growing number of countries combined, with the rising cost of energy 2.
If you are not onboard, you need to be, and quickly. Rising Labour Costs — On a global basis, labour costs are rising for operators in the food service industry.
Food Safety Issues — This continues to grow in importance on a daily basis. What an opportunity this is for all constituents in the supply chain.
Growing Global Middle-Class — As the middle class expands rather rapidly in the BRIC countries — and many other countries as well — the increase in discretionary disposal income is allowing people to eat out more frequently.
The net result of this — more food service operations being established. Increased Government Rules, Regulations, Standards, etc. Look for a growing number of countries to implement similar type of standards and regulations.
Increased Competition — New manufacturers across all product categories of food service equipment are entering the marketplace every day. And look out for Africa! Billions are being poured into that continent. Growing Use of Non-Fossil Fuels for Energy — As alternative energy sources are becoming cheaper and more efficient solar and wind power in particular a growing number of food service operators are looking to become users of non-carbon based energy.
Several chains have preliminary plans already in place to have their stores become energy independent as alternative energy sources and technology make such goals attainable.
Already chains have contracted their expansion plans into Russia and Eastern Europe as they wait to see the outcome of the current situation.
This is not the only political hot-spot of the world. Their growing numbers will have, and will continue to have, an impact on the food service industry. Changing Distribution Strategies — The growth of the internet as a distribution component has changed the landscape forever of distribution in this industry.
They are the only customer! Entry Cost of Capital Equipment for Operators — As chains try to expand in a very competitive global environment, franchisors are constantly under pressure from new and existing franchises to provide the lowest cost equipment package that they possibly can.
This trend is somewhat diabolically opposed to some of the other trends that are in play, such as efficiency, total cost of ownership, sustainability, etc.
This market dynamic has obvious product and marketing implications for equipment manufacturers. This dynamic not only applies to global, national, regional, and local chains, but to independent operators as well.
Growing Importance of Total Cost of Ownership — Tied directly with energy efficiency, sustainability, product reliability, and service, to mention but a few, this subject is gaining a considerable amount of attention from a growing number of global chains — food service and hotels — as well as several institutional segments, as a means of decreasing overall costs and improving profitability.
But such equipment needs to be easy to use and maintain. Improved Reliability of Equipment — Down time cost operators sales and profitability. The use of technology can enhance this dynamic and is a possible key differentiator. Data Mining — the gathering of relevant data; the analysis of that relevant data; and making that relevant data actionable will help companies provide superior customer service and drive true, sustainable innovation.Shifts in U.S.
population growth and urbanization, plus the development of technology, more sophisticated supply chains, and the broad need to do more with less, have transformed American food delivery. Factors Affecting The Development Of The Food Service Industry Food Technology: Factors Affecting an Adolescent’s Food Choice By: William Gardiner Year 11 Adolescence: What is Adolescence is the time of an individual’s life, in which the body changes drastically.
The restaurant and food service industry is in crisis. Fifty-five percent of consumers believe American food production is on the wrong iridis-photo-restoration.com chain restaurant business model has hit a wall of.
Outsourcing services allows a business to concentrate on the activities that are critical to its success.
These are called core activities, and they include sales and marketing, accounting, technology, quality, product and service delivery, management, human resources, finance and product development. The food and beverage industry moves quickly and there is increasing pressure for industry leaders to keep up with the changing trends.
In the past decade, the natural progression of a new product from introduction to mass or wholesale levels has sped up from five or six years to now potentially one or two years. Below are some factors that influence the economic growth and development of an industry.
Inflation Throughout history, inflation has played a major role in the economy of nations.