As if increasingly tight margins weren’t hard enough to swallow, now new players on the already crowded foodservice field are competing for share of stomach.
As the consumer appetite for better-for-you and functional foodservice continues to grow, wellness-driven meal delivery can be expected to make more inroads into the market. Jumping on the better-for-you bandwagon seems an essential ingredient in any recipe for off-premises business success.
Catering is stepping up to the plate as a reliable way to feed the foodservice bottom line. The market research firm Technomic reports that in 2017 the booming U.S. catering market topped $58 billion—more than $22 billion of which was eaten up by business catering, with the balance (nearly $36 billion) attributed to social catering.1
Restaurant sales figures for Q1 served up a mere morsel of success, whetting operators' appetites for more as industry same-store sales inched up 1.9%—a 0.5% increase over the fourth quarter of last year.1
Optimize or agonize. In a fiercely competitive landscape, where margins are tight and consumer expectations high, today’s foodservice operators seem locked in a state of perpetual hunger for innovative ways to make the best, most efficient use of resources.