The food industry is continuously growing. But with so many competitors, you have to know how to stay afloat at all times. Which is why it’s essential to keep an eye on relevant food industry statistics.
To help you get an idea of what’s going on in the food industry, we put together some relevant research findings. Bookmark or save this report compilation, it’ll come in handy when you need to present data and proofs of concept on the food industry to your bosses, colleagues or clients.
Managing a restaurant is more than just serving food. It also involves knowing how much is the food industry worth, and the food industry’s market size. With a good overview of everything happening in your business, you can plan well and execute right.
source: cnbc.com 2017
Americans on Cooking Meals
source: cnbc.com 2017
Almost everybody has a smartphone. This is why it only makes sense for businesses to use the internet’s digital platform to get their business to where the people can easily notice you.
Social media use is at an all-time high at 243.6 million users in the United States last year. It is the current and future battlefield to gain customer trust.
Utilizing social media in your marketing efforts, aided by a social media management tool, will give your customers a chance to reach out to you about their experience in your store, providing valuable food industry data in the process.
User reviews are more than ever critical to your business today. Make sure you have a strategy to manage your online customers.
The fast food industry keeps growing despite the general public’s newfound surge to go organic and healthy. McDonald’s is the most popular in this field, no surprise there, although one data below puts it in an interesting perspective.
Since fast food’s introduction in 1921, it has become one of America’s preferred ways to dine. One of the reasons service in these establishments is fast is thanks to their POS systems that keep lines short.
source: statista.com 2018
Most Visited Fast Food Chains in the U.S.
source: statista.com 2018
Food manufacturers should pay attention, not only to what is changing, but what isn’t changing. International food products are popular with Millennials and grocery stores along with coupons aren’t going anywhere despite the online shopping revolution, for instance.
The food industry is one of the employment cornerstones in the U.S. However, it has its own problems, not the least the high turnover rate and dearth in team bonding.
Everyone needs a job. Because of the food industry market size, it needs people to help keep it running. Nevertheless, no matter the size of your business, choosing one of the best HR solutions can help you recruit, screen, and evaluate potential employees.
What restaurant employees think about their job
Opinion on the statemnt: "I'm proud to work for the restaurant industry"
The majority of restaurants agree tech will improve the business. This statement is no clearer than when we look at the tech investments in this industry from mobile ordering to waiting tables to digital registries. Central to this is the adoption of software solutions for restaurant management, which provide support from point-of-sale transactions to staffing.
Part of the food industry market growth is incorporating the top accounting software. And so, together with state-of-the-art hardware, it helps keep your business up and running smoothly.
In conclusion, customers listen more to their peers than critics when deciding to visit restaurants for themselves. Furthermore, it’s important for restaurant owners to provide good service and food. As the customer’s experience will play a big role if they will return or not.
Meanwhile, promoting your business through social media is easier than ever. More people are checking their social media accounts daily, and so, posting relevant photos and posts about your service can help bring attention to your store. So, keep social media accounts active and answer any messages that come your way.
Lastly, to ensure customer satisfaction, offer the latest technology at your stores and place of business. Offer digital options that offer convenience to customers. For one, getting a top restaurant management system can go a long way in terms of faster service, smoother kitchen-waiting operation and more accurate reporting.
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