Foodservice is on a hot streak, with global spending in the coming years projected to grow 13% and produce $359 billion in incremental revenue, according to a report by the market research firm Euromonitor International.1
The foodservice industry seems bound to take its taste for tech to new heights in the new year. Given the insatiable appetite of the millennial dining market for ever-greater speed and convenience, restaurant operations are poised to indulge in a feeding frenzy on the latest foodservice tech trends.
It’s that time again, when the industry’s foremost research and advisory firms weigh in with a feast of insights into the top trends forecasted for the New Year. As foodservice operators scramble to whip up a recipe for success in an ever-changing and hyper-competitive market, research-driven ideas, information and inspiration become guideposts on the road to greater revenue and better margins.
As they scramble to make the most of the delivery phenomenon, foodservice operations seem to be waking up in a big way to the sales potential of breakfast delivery.
The culinary wanderlust of young consumers presents opportunities and challenges. While their big appetite for flavor experiences helps drive menu innovation, there is the risk that their quest for the new and exciting could divert them into becoming serial restaurant samplers rather than loyal patrons.