Restaurant industry trends for 2024
Discover key findings from restaurant executives offering a comprehensive view of industry trends and strategies in 2024.
In these early days of 2024, the restaurant industry is moving ahead with cautious optimism following a year that saw a return to growth, albeit marked by labor, interest rate, and inflationary headwinds.
Discover key findings from restaurant executives offering a comprehensive view of industry trends and strategies in 2024. Key commercial, operational, and investment takeaways include:
• The vast majority of the industry experienced positive unit growth in 2023
• Most respondents are looking to expand digital ordering options, improve loyalty programs and CRM capabilities, and invest in new POS technology
• While most restaurants are still early in their AI journeys, many are starting to identify opportunities for future investment
• At least half are actively transforming their Accounting, FP&A, and HR functions
By embracing innovation, leveraging technology, and prioritizing customer-centric approaches, restaurants can position themselves for success in an evolving market landscape. For a deeper dive into the restaurant industry trends, download our whitepaper and infographic.
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Consumer & Retail
We offer short- and long-term strategies to help minimize the impact of common challenges facing today’s consumer and retail businesses. These include a constantly changing environment in consumer purchasing behavior, digital disruption, rising costs, increased speed to market, and emerging competition.
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Industry
Consumer & Retail
We offer short- and long-term strategies to help minimize the impact of common challenges facing today’s consumer and retail businesses. These include a constantly changing environment in consumer purchasing behavior, digital disruption, rising costs, increased speed to market, and emerging competition.
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