Rising costs have affected all facets of the financial system, nonetheless, few enterprise sectors have been impacted as a lot because the restaurant trade. In response to the CPI, costs for meals away from dwelling have risen by 6.5% since August 2022.
Moreover, rising meals costs are solely a part of restaurant operators’ challenges. The Nationwide Restaurant Affiliation’s 2023 State of the Business report signifies that labor prices had been up 18.3% all through 2022, with 89% of restaurant operators saying these prices had been a major problem for his or her companies. When contemplating all these components, it is clear why restaurant homeowners want to stay vigilant in managing their prices. This white paper supplies seven suggestions that restaurant operators can use to stay worthwhile within the wake of inflationary strain.
Obtain this white paper to be taught extra.
