QSR Magazine 11/10
President-elect Joe Biden on Saturday called for an end to the “grim era of demonization in America” and said he faces a mandate from the American people to get Republicans and Democrats talking again. But what does his defeat of President Donald Trump signal for restaurants, already saddled with arguably the greatest crisis in the industry’s history?
Restaurant Dive 11/9
This sentiment reflects the U.S. restaurant market’s growing awareness of ghost kitchen business opportunities. Interest in the segment is proliferating as casual dining profits continue to wilt under dining room restrictions — with some municipalities completely reclosing indoor operations amid skyrocketing COVID-19 cases. The full-service restaurant segment isn’t predicted to recover from the pandemic until 2025, according to Technomic data shared at a virtual FSTEC Community event last week, Restaurant Business reports.
The federal minimum wage which is currently $7.25 per hour, has not been updated since 2009 and is an unlivable income in most of the U.S. It may soon get an upgrade.
Food Industry Policy
Food Dive 11/9
The Wall Street Journal recently published a ranking of the 100 most sustainably managed companies in the world. The topic of sustainability has great impact in the food space, with many brands building entire business models around it, and yet the industry is wildly underrepresented on the list. The reasoning behind this is more complex than you may think.
In some ways, the pandemic has made life more inconvenient for Americans than at any time in recent history, but it’s also been a growth driver for convenience when it comes to how we buy our food from restaurants and retailers. Drive-thrus, curbside pickup, mobile ordering and other tech tools have surged in popularity and startups focused on those tools have raised significant venture capital investment this year.
Restaurant Business Online 11/7
Heartier dishes and cooking techniques, heat-retaining serving vessels and creative experiences are luring diners outside.
On the Side
Restaurant News 11/9
A team featuring many former executives from popular “eatertainment” brand Kings Dining & Entertainment, has banded together with the support of several other seasoned professionals to form a new and innovative concept, Ke’nekt, launching in 2021.
Eater SF 11/9
During normal, non-pandemic times, the Eater 38 is our attempt to answer any question that begins, “Can you recommend a restaurant?” It’s a curated list that covers the entire city, spanning numerous cuisines. And, even now, it’s a list that tells the story of the San Francisco food scene, documenting the blend of taquerias, dumpling shops, and tasting menu spots that make this city a unique place to eat — even if what some places are serving at the moment looks very different than it did eight months ago.
Business Insider 11/7
Fast-food releases during a year dominated by the coronavirus pandemic and an attention-grabbing election have admittedly been hit or miss. While some new menu items barely registered with customers, others sent fans scrambling to their nearest McDonald’s, Chick-fil-A, Shake Shack, and more.