Stepping up to the Plate

Doing Rounds of The Kitchen Table

This week's fresh serve of news from the Catering and Restaurant Industry. Keep up-to-date with the latest in Catering Equipment & Restaurant Equipment, Food Trends & Business Tips from around the web.

COVID-19: Can the restaurant industry step up to the plate?

The foodservice industry is remarkable for many reasons, the hard work, the long hours, the fierce competition, and the sheer number of operations. Making a go of a restaurant has many challenges; around 60 percent of new restaurants fail within the first year. And nearly 80 percent shutter before their fifth anniversary. This is unfortunately the result of the difficulties in managing labor, controlling food costs, and low profit margins, and it seems you have to be just plain lucky — or have incredible food, a very solid business model, excellent management and effective marketing. With these problems as a backdrop, COVID-19 might just be the last straw for many operations, which is tragic, given that so many workers depend on the industry for a livelihood, and consumers may no longer be able to enjoy the convenience and the wide variety of choices they have come to expect. Read more ... Original story and image on foodsafetynews.com Original story and image on thereporterethiopia.com

How to survive during COVID19, a recipe for restaurants

The pandemic is crashing the world's economy and its effect in developing countries will be much deadlier than developed countries for many reasons main reason being that in developing countries the economy is at its infant stage resulting into incapability to handle the consequences of a pandemic. Also not having a digitalized marketplace makes it impossible to sale to people online. Then when movement becomes limited to minimize the widespread of the virus most businesses cripple down. This is not about just companies' survival: it is much bigger than that. It affects many people's job security and the countries stability at large. Read more ...

30 percent is a lot to give away

Local restaurants pushing back against national delivery apps Local restaurateurs have been pummeled by empty dining rooms, reduced volume and a reliance on takeout and delivery during the pandemic. Now, some are pushing back against the third-party national delivery apps that they say are thinning their profits even further by taking more off the top of the industry’s already-thin margins. Read more ... Original story and image on richmondbizsense.com Original story and image on businessnewsaus.com.au

Three more months under current conditions the limit for nearly half of restaurants

New research released today by hospitality service provider Silver Chef and research group InKind reveals just 52 per cent of restaurant owners believe they can survive the next three months. If current COVID-19 restrictions stay in place confidence for survival will deteriorate as time progresses. Just 67 per cent of surveyed owners think their businesses can see out another month under the current COVID-19 conditions. Read more ...

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