7 min listen
What's the restaurant outlook for 2023?
FromFirst Bite
ratings:
Length:
9 minutes
Released:
Jan 9, 2023
Format:
Podcast episode
Description
A new survey from the National Restaurant Association finds that operators have a mixed outlook for 2023, which is not all that surprising given the relentlessly bumpy macroeconomic environment throughout much of 2022.Much of what is keeping operators up at night are food and labor costs; 92% say food costs are a significant challenge, while 89% say the same about labor costs. The Producer Price Index for all foods increased 18 out of the last 23 months, while some commodity prices jumped by double digits. Coffee and egg costs, for instance, contributed to a 30% jump in breakfast inflation during 2022, according to David Maloni, principal at Datum FS.Now let’s turn to Alicia Kelso for more on the story.
Released:
Jan 9, 2023
Format:
Podcast episode
Titles in the series (100)
Chipotle makes two tech investments: Chipotle announced Thursday it would be investing in two startup companies, Hyphen and Meati Foods, through its $50 million Cultivate Next Fund launched earlier this year. The first is a new robotics company designed to improve makelines with the use of, what else, robots. NRN senior editor Lisa Jennings sheds more light on Hyphen. Meati Foods is a mushroom-based plant food company that’s using the meaty substitute to counter the chemical-packed plant-based alternative world. Then we turn to our tech reporter, NRN senior editor Joanna Fantozzi, for more on how this impacts the tech sector and how these tools fit into that sphere. Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode. Be sure to subscribe to First Bite wherever you get your podcasts or on Castos, Spotify, or Apple Podcasts. by First Bite