Podcasts about food-industry-podcast

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, I chat with the chief executive officer of Tropical Smoothie Cafe, Charles Watson.  Watson, a veteran franchise professional, worked for several hospitality companies including Intercontinental Hotels Group and US Franchise Systems. We talk about his early introduction to the business as a boy, standing on a tub in his dad's restaurant doing dishes. Watson says, “I started at about nine standing on a bus tub in my dad's restaurant washing dishes. My dad described the dishwasher as the race car which was supposed to make it more attractive to me as a nine year old and I guess it.”  Tropical Smoothie Cafe is about who they are as a brand and it is about the people, Watson says when I ask about brand strategy. “It's about us as a corporate support center, it's even more importantly about our franchisees who deliver our products and services to guests every day and when we think about that and we think about our culture we start with two words, inspire better. It's our belief at Tropical Smoothie Cafe that what we do every day matters.” Watson talks about their thirteen year partnership with Camp Sunshine. It is a retreat in Maine that offers support for children with life-threatening illnesses and their families through stages of a child's illness. Tropical Smoothie Cafe has raised close to $8 million over the years. At a recent franchisee convention, the brand announced the new national charity partnership with No Kid Hungry. The nonprofit helps nearly 12 million kids in America who are living in hunger.  Watson says about the partnership, “And to think that we live in this country and we're blessed with so much and that there's still kids out there that are hungry every day, especially right now especially in the summer right? when school is out of session so through the partnership we really think Tropical Smoothie Cafe locations around the country will be able to really drive this partnership.” To hear about Tropical Smoothie Cafe's loyalty program and the brand's roll out for 2022 listen to this episode of Fast Casual Nation on Apple Podcasts.

During a recession, there is a decline in consumer spending when the credit markets become harder and harder for consumers to utilize. This is a key trigger point we are watching very closely as the impact on the casual and fine dining sales will most likely be the first to be affected.Our Foodable Labs data shows that current trends for consumer traffic have been trending down for most sectors.Fine Dining down 3.9% Q1 vs Q2Casual Dining down 4.7% Q1 vs Q2Fast Casual down 1.4% Q1 vs Q2QSR up .053% Q1 vs Q2Recessions can be caused by a financial crisis, the bursting of a real estate or stock market bubble, or some black swan event that causes consumers to lose faith in the economy. Combine this with the current macroeconomics of global conflict, food supply shortages, and energy on the brink of supply problems in G20 nations, and you have the ingredients for a full-on recession.When GDP for the April through June period is released, it may be negative again, and by one common rule of thumb, two-quarters of negative GDP growth would mean the U.S. is already in a recession.That remains far from the case under the more formal standards economists use, particularly because hiring, perhaps the most important marker, remains very strong. A recent Reuters poll showed economists upping the likelihood of a downturn over the next year to 40%, but until workers start losing jobs, it is unlikely one has begun. The issue with the restaurant issue is we are already seeing the first signs of slowing job growth and reversal of job numbers for the first time in two years.So what are the things you can do to prepare? In this episode, we dive into a discussion with Ricky Richardson of Eggs Up Grill to talk about the tactics to help your restaurant business survive and thrive in these uncertain times.Discussion PointsManagement Preparation, how and what kind of team you should be building or grooming.Technology - prepare for more automation and more CRM integration.Menu Management - getting things right by maximizing and building new concepts - more with less.Marketing - more important than ever with market shares up for grabs and limited consumer spending on the rise.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, I chat with Stacey Pool, chief marketing officer and Sue Petersen, executive vice president of Noodles & Company about the uncommon goodness that has been the core of the brand for more than twenty-five years. Pool shares her background prior to joining Noodles & Company and has held a variety of leadership roles at Vail Resorts, Inc., including senior vice president of season pass marketing, chief of staff to the ceo, and vice president of digital experience. Before joining Vail Resorts, Pool was at Nike, Inc., where she defined the vision and strategy for the NIKEiD.com digital experience. Petersen joined Noodles in 2015 as vice president of human resources, and in her expanded role as executive vice president of inclusion, diversity and people, she will continue to spearhead the Company's inclusion and diversity initiatives, as well as its total rewards, recruitment, and human resources functions. Her experience includes over twenty years of human resource and operational leadership roles at brands such as Chipotle, Walgreens and Rock Bottom Restaurants. We talk about Noodles team member benefits including immigration reimbursement, general manager equity partner program, mental health series and more. Petersen says, “we look at our benefit offerings and identify where there might be gaps and/or where we could maybe do something a little different than what's happening in the industry or around us and each year we can add to the standard benefits as far as health, dental, medical and look at what else we can be doing.  This year we're really excited, we introduced in the beginning of May some really cutting edge benefits.”Pool talks about the Noodles & Company rewards program and she says, “​​I think all of us are really passionate about our loyal members. They definitely are a key contributor to our success but the way that we think about the rewards program is how do we bring the most unique program to our guest so that it feels different, it feels special, and the guest feels very special being part of it.” Adding, “right now we have over four million members in that program and we continue to grow every single month.” To hear about the company's uncommon goodness positioning, more details on the team benefits, and menu innovation including LEANguini, listen to this episode of Fast Casual Nation on Apple Podcasts.

Is the restaurant industry facing a major collapse under economic pressure? Why the mass exodus of significant CEO's within the last year, with Darden, Red Robin, Denny's, Brinker, and Starbucks all stating their CEOs were retiring after guiding their companies through the pandemic for over the past two years. Wingstop and Red Lobster's CEOs left for positions at other companies, adding to the turnover list.The previously recorded high of CEO departures was in 2019 – also the last time U.S. economists saw a potential recession on the horizon. Amid high inflation and rising recession concerns, company leadership may be preparing for difficult times after a few years of staggering change.Many companies not worried about layoffs may need to begin adjustments on compensation as inflation looms. In the past economic downturns of 2008, companies did not take inflation into consideration for compensation budgets since it was considered transitory. Now all of this may change with a new normal expectation of a 4-6% annual inflation base. The likelihood of Chair Power continuing a hard press on slowing inflation through Q4 2022 could place the country and the world in a new economic condition never seen before in the entire history of the restaurant business.We get a chance to chat with Patrick Renna the President of Burgerfi to reveal key pressures that brands are facing as they prepare to enter a very uncertain market. We dive in deep on strategy talking about technology, HR, menu management, and the future of growth plans.

The Fed Reserve Chair Jerome Powell testified in front of Congress this week. The update comes after the S&P 500's worst week since March 2020, including its fall into a bear market and the biggest Fed hike since 1994.With this new economic pressure, the restaurant industry continues to face rising menu prices and a double-digit slow down in retail restaurant traffic with consumers now dining out an average of 1.1 times less per week according to Foodable Labs.Tesla CEO Elon Musk, joins a growing chorus of Wall Street voices, including Roubini Macro Associates' Nouriel Roubini and several banks warning of tougher times ahead.“I think that a recession is inevitable at some point. As to whether there is a recession in the near term, I think that is more likely than not,” Musk told Bloomberg in an interview early Tuesday at the Qatar Economic Forum.Musk's comment lines up with an email he reportedly sent to company executives earlier this month, where he spoke of a “super bad feeling” about the global economy and said 10% of Tesla jobs needed to go, knocking shares of the company at the time.Could we see the first slowing of labor in the restaurant industry as a variety of white-collar jobs are now being hit with the hiring freeze and slowdown in many leading companies in the finance, retail, and automaker sectors?Goldman Sachs now sees a 30% chance of an economic slowdown over the next 12 months, from a previous 15% on worries the Fed will “feel compelled to respond forcefully” to high inflation. The restaurant sector could feel some of the deepest cuts as consumer spending could slow dramatically in the third and fourth quarters of this year.In this podcast, we talk with Larry Reinstein of LJR Hospitality and break down some of the key trends facing the industry and how operators can address a fast-changing economic landscape in the areas of management, labor, future technology and consumer habits.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, I chat with Raji Sankar, co-founder of Wholesome International a multi-concept restaurant development company and co-chief executive officer of Choolaah Indian BBQ restaurants which is owned and operated by Wholesome International. I asked Sankar about her background prior to getting into the restaurant industry and she says, “I was what you could term a permanent student so I went to school for metallurgical engineering and then mechanical engineering masters, went to school for artificial intelligence and then finally got my MBA from Carnegie Mellon and in between I worked in tech and finance in big consulting. I think I was always searching for my true passion.” Sankar adds how she found herself in food and says, “I did two startups with my classmates at Carnegie Mellon while we were still in our MBA course and it was so much fun. It was focused on tech and once we wound that up I ended up in a technology company and that's where I met my current Co-ceo, we hit it off. That company got sold to a larger company and we decided to start something because it's one of those things when you find a great team it's such a powerful thing.”Sankar shared that in 2003 they wrote the business plan for a fast-casual Indian concept while looking at the trends around fast-casual and brands like Chipotle and Panera were emerging. She said that they saw that consumer behavior was leaning towards families who dined out needed speed and convenience. Consumers still wanted quality ingredients made fresh. Indian at the time was not mainstream and they decided to put that concept on hold.  Wholesome International in 2004 started to franchise Five Guys and Sankar talks about learning about the founders passion, values and staying true. She says they were blown away by the commitment from the brand. Sankar and I speak about automation and technology available in the industry. She talks about always looking for ways to make things easier on the team, using technology as an enabler for that and constantly innovating.When I ask about future plans for Choolaah, Sankar says, “so we want to bring that clean, healthy, good for you food across everywhere. We are in the process of opening number seven back in Cleveland. She adds,  like I mentioned to you, God willing we will have the opportunity to open across the eastern seaboard and then across all of the U.S.To hear more about being a people-centric company, the importance of growth & utilizing employee talents at the highest level, and a proactive approach to staffing, listen to this episode of Fast Casual Nation on Spotify.

Smokey Bones Bar & Fire Grill is planning to open a drive-thru service model for their casual dining business. Considered to be the first pure-play drive-thru in casual dining this could be the birth of something very exciting for the restaurant business.The drive-thru is being added to a restaurant in Bowling Green, Ky., and is expected to be up and running this summer. The big question is how will drive-thru impact pricing and speed of service for the chain and will they be able to compete with the rising stars of fast-casual and the stalwarts of QSR?Bigger questions about dining out will depend on the consumer. Credit card balances rose year over year, reaching $841 billion in the first three months of 2022, according to data released Tuesday from the Federal Reserve Bank of New York.“There's a good chance that Americans' total credit card balances will soon reach a new record high, marking a sharp reversal from the precipitous drop that occurred in 2020 and early 2021,” said Ted Rossman, a senior industry analyst at CreditCards.com.This will impact the restaurant business in a big way and survival may depend completely on strategies like casual dining drive-thru and new technology innovations that will position some brands to take a new market share position.Listen in on the full episode as we break down a variety of technology and consumer demand topics.Also, make sure to subscribe to our newsletter for the largest Podcast Network in foodservice.

You can now pay for your burritos and tacos with Bitcoin and other digital currencies, which could open up an array of innovations around loyalty and decentralized payment. Flexa has announced that the Mexican fast-casual chain can now accept digital payments through its platform. The option is available at all Chipotle locations in the US, and you can use the option on the Flexa-enabled wallet app, such as Gemini and SPEDN. Just launch up your app, choose Chipotle and show your phone to the cashier.The big question will be the direction of digital payments in the future could we see a leapfrog over the existing platforms like Venmo, Zelle, and others with a new feature for merchant services, data, and more? Its possible that an innovation wave could be brewing in the retail sector and likely that Chipotle has some very secretive plans for the future of blockchain payments.In my book the Chipotle Effect - the concept was the birth of the digital consumer and what that could lead to with brands like Chipotle, I think we have an answer now - and the digital pioneer for the industry, once again appears to be Chipotle. Others will follow fast, and there will be a mass adoption period just like social media in 2007-2010 - but the killer app is still early to identify, rest assured it's coming very fast!

Today I breakdown three tech categories that could be leaders in the future recovery of the restaurant industry. The key will be consumer adoption, UX, and the storytelling that many restaurants will need to implement to shift into a next-gen technology future.Faster Mobile PaymentsSquare, for instance, launched new handheld devices for servers that are designed to speed table turns. And Toast unveiled upgrades to its QR-code-based ordering and payment system, including a new feature that allows both the server and guests to add items to a running tab.The tools are not necessarily new, but they're being increasingly framed as labor savers because they eliminate the need for a server to run back and forth to put in an order or grab the bill.Delivery TechnologyNext-gen tech will begin to break out the delivery segment and potentially drive costs up in the beginning with higher margins in the future. Expect more logistics, order ahead, staging technology, and self-delivery technology. The key will be mobile UX integration to improve the customer experience to increase loyalty.Casual Dining Enters Premium Drive ThruTrends are heating up in Casual-dining drive-thrus. They've started to appear in various forms, from a full-service drive-thru at Smokey Bones to simple drive-up pickup windows at some Applebee's. Many analysts are leaning in that we will see more chains moving in this direction. Expect some premium aspects presented by casual brands to compete - the bigger question will be the aspect of if premium drive-thru is a good timing based on the economic conditions.Make sure to subscribe to our newsletter to get all the latest podcast updates from the Foodable Podcast Network!

Even with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new record, the Federal Reserve reported Tuesday.Consumer debt and credit rose 1.7% in the first quarter to $15.84 trillion. The rise in total household credit was propelled largely by a $250 billion increase in mortgage debt, which now stands at $11.18 trillion, an increase of 10% from the first quarter in 2021.Consumers are returning to their previous habits with the balance between goods and services (Restaurants and dining out) spending back to where it stood in May 2020, according to data adjusted for inflation from Flexport, a freight forwarder. A separate metric cited by Goldman Sachs shows goods consumption about 5 percent higher from before the pandemic.Follow the Amazon TrendsInvestment firms noted that macro indicators appear to be deteriorating at a faster pace in a significant development for Amazon (AMZN)."The resulting negative sentiment across both consumers and businesses is likely to result in more cautious spending patterns, with headwinds worsening as the economic slowdown deepens. For consumers, that means less discretionary spend on pricier physical goods and more price sensitivity to service items like dining out."Will China boost spending with a Digital Yuan airdrop?The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China's leading food delivery app. As per instructions, users would need to first log in to the Meituan app, sign up for the incentive, and then potentially receive the e-CNY rewards as part of a lottery draw.If chosen, the e-CNY is then dispensed to users and can be spent at more than 15,000 in-app merchant terminals that accept the state-owned digital currency. Previously, the People's Bank of China had identified the e-CNY as a potential tool for advancing regional economies and improving the efficiency of select financial services. Meanwhile, sources at Meituan say that the e-CNY plays a vital role in boosting spending and revitalizing local businesses. Shenzhen is also currently one of three cities in China where residents can pay municipal taxes and charges with the e-CNY.

Shares of Chipotle Mexican Grill Inc. CMG, -5.23% shed 5.23% to $1,252.89 Wednesday. Chipotle Mexican Grill Inc. closed $705.66 short of its 52-week high ($1,958.55), which the company achieved on September 23rd.The stock underperformed when compared to some of its competitors Wednesday, as McDonald's Corp. MCD, -4.38% fell 4.38% to $231.05, Yum! Brands Inc. YUM, -2.68% fell 2.68% to $109.46, and Domino's Pizza Inc. DPZ, -2.51% fell 2.51% to $328.02. Trading volume (306,196) eclipsed its 50-day average volume of 267,893.Chipotle Hiring IssuesA recent report, titled “Unequal Opportunity: Uncovering Discrimination in Hiring at Chipotle Mexican Grill” reached disturbing conclusions, according to experts. Specifically, of the applications submitted in 37 states over a three-week period in February, white applicants heard back from recruiters about “significantly” more jobs than Black applicants, the report found.Pricing Starting to Affect SentimentFinance chief Jack Hartung said the chain has raised prices by about 10% for the 12 months through Q1 compared to 2% in a typical year all at the same time Chipotle continues to see falling consumer satisfaction. Foodable Labs reported the third quarter in a row with falling brand sentiment specifically related to order accuracy and the lack of food quality. Current Q2 has the brand's overall sentiment rating at 76.98 the lowest in the history of the brand.Overall SentimentFood Quality 75.91 (Down YOY)Food Value 73.71 (Down YOY)Food Accuracy 72.06 (Down YOY)Source - Foodable LabsHartung isn't certain that the current leveling off signals a full reprieve. “I'd love it to be that inflation continues to pause and that our ingredient costs are stable here on out and I'd love to be able to say six months from now that we've not increased our prices,” Hartung said. “But we'll see. It all just depends on the inflationary environment.”

Woworks acquired Barberitos Southwestern Grille and Cantina, a 54-unit fast casual chain, and Zoup Eatery, a 68-unit fast casual chain, in a press release this past Thursday. Zoup will continue to be run separately by Eric Ersher, founder and previous CEO of Zoup Systems. With these acquisitions, Woworks will own six brands and over 400 restaurant locations.Since its birth in 2020, Woworks, the parent company of Saladworks, has focused on adding healthy fast casual brands to its portfolio. The company acquired Garbanzo Mediterranean Fresh and Frutta Bowls in 2020 and The Simple Greek last year. Woworks has also targeted expansion, adding 60 restaurant units last year and signing 28 new franchise agreements, which represented 112 new units.The company may be buying these chains in consumer distress - with a consistent downtrend in consumer sentiment in all but one of the transactions. Garbanzo, Frutta and Simple Greek were in dire consumer downtrends at the date of the sale. Zoup however has been a solid performer on overall sentiment and Barberitos was also a falling knife of consumer dissatisfaction according to Foodable Labs sentiment data.Barberitos and Zoup could also grow using Woworks' network of nontraditional locations, including ghost kitchens through partnerships with Ghost Kitchens and Combo Kitchens, as well as grocery stores, airports, colleges, and universities.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, Pepe chats with Lori Cominsky, Vice President at Mongolian Concepts, about driving growth strategy, labor shortages and menu innovation. When asked about her 20 plus years of experience in restaurant operations, Cominsky shares that she began working in the industry at KFC when she was a teenager. She talks about landing her first restaurant management job right out of college and how she learned a great deal about systems, new restaurant openings and how a company grows. She shares that the company grew from 15 units to 200 during her 9 years with them. Cominsky talks about growing a Chicago based Mediterranean fast casual brand and opening several locations under her leadership. She shares that she went on to serve as Vice President of Operations at a healthy quick service restaurant before taking on the role of Vice President at Mongolian Concepts.Cominsky talks about why she decided to join the Mongolian Concepts team. She shares that Mongolian Concepts is the parent company of three casual dining, stir-fry brands and how she welcomed the strong challenge of taking three unique brands, making them successful, aligning them with their systems and training, while allowing each of them to have their own culture and identity. She adds, “I also firmly believe that Mongolian Concepts has the ability to grow exponentially and become the best stir-fry concept in their respective markets.”Pepe and Cominsky discuss the importance of improving communication, labor shortages, and recruiting new talent. Cominsky shares that she had a 30-60-90 day plan laid out when she joined the company, and that her number one goal was improving communication across the board, which resulted in improved trust and bond within the team. She talks about the company's two-pronged, digital and hands-on training technique for new hires to make certain that they feel empowered and supported. When it comes to recruiting new talent, Cominsky shares that the brand takes a multifaceted checks and balances approach to ensure that teammates want to stick around. She adds, "It's something that we talk about every day. We talk about how we can become better staffed and what we can do better to keep our team and to get the best people and to make sure that they're happy.”Pepe asks Cominsky what we can expect to see from Mongolian Concepts in the coming months. Cominsky is excited to share that in addition to remodeling some of their existing units, they recently opened a new Genghis Grill location. She talks about the pride the team felt regarding the roll out of a new menu at the brand's concept, bd's Mongolian Grill, which will feature chef-curated dishes as well as some signature cocktails. Cominsky mentions the importance of menu innovation and shares that the company's concept, Flattop Grill, is introducing new dishes including Ramen and Poke bowls. She says, “Innovation with this menu allows for significant growth in dining room sales. So, we're planning to drive our business there and also to drive off-premise and third-party sales to a bigger percentage of our overall sales.”To hear more from Cominsky about the brand's new menu items, third-party delivery relationships, and the company's ghost kitchen concept, listen to this episode of Fast Casual Nation on Apple Podcasts. Produced by Lisa Pepe

Today I breakdown Reef Kitchens as they seek an ownership stake in 800 Degrees Go, a joint venture between restaurant chain 800 Degrees and robotics company Piestro, 800 Degrees Go announced Thursday. Reef will also open 500 800 Degrees Go locations through 2027, and Kenneth Rourke, Reef's EVP of kitchens and brands, has joined 800 Degrees Go's board.800 Degrees Go currently operates out of 40 Reef locations in 13 markets and expect to open 100 more units this year, according to the press release. Reef initially announced a deal with 800 Degrees eight months ago to operate 500 mobile units by 2026. These plans and Reef's current deal with 800 Degrees Go are one and the same, 800 Degrees CEO Tommy Lee wrote in an email to Restaurant Dive.This past Thursday the House of Representatives passed The Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. 3807), which would add $42 billion into The Restaurant Revitalization Fund. The bill, which will soon face the Senate, would also allocate $13 billion for other businesses with less than 200 employees that were hurt by the pandemic environment.If H.R. 3807 passes the Senate, the 177,000 restaurants that were approved for RRF grants but did not receive funding before the portal closed are already in a queue to receive grants, legislators said on a media call hosted by the Independent Restaurant Coalition on Thursday afternoon. About 20% of the industry will be eligible and will be asked by the SBA to sign a form confirming their businesses are either open or will reopen in the next sixth months. No additional application requirements will be necessary.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, Pepe chats with Craig Erlich, President and CEO of Friendly's Restaurants, about Friendly's Cafe, labor shortages, and technology.Erlich talks about his background in the industry. He shares that he got his start in the restaurant business as a teenager and worked his way up through a variety of positions. He says, “I actually started my career in the restaurant business as an early teen and worked probably in every position, dishwasher, prep cook, line cook, cook, barback, waiter, manager.” He talks about leaving the industry and going into retail leadership for 25 years, before returning to his restaurant roots, and joining the team at Friendly's Restaurants.Pepe and Erlich chat about how dining habits have changed over the past two and a half years, particularly due to Covid. Erlich shares that it created a strong push towards off-premise dining and third party delivery models. He says, “When covid hit you know, many, many restaurants, the ones that survived, were the ones that embraced the off-premise third party business.  And, I think you know when you look at how restaurants are performing today, that fast casual balance of convenience, and also can enjoy your favorite restaurant anywhere, anyhow, is really popular.”Erlich drops the exciting news that Friendly's is launching a new fast casual concept called Friendly's Cafe. He shares that the new concept will have a more modern design than the traditional Friendly's Restaurants. He talks about the menu innovations, and shares that the new dishes were created through a collaboration with customers, employees and franchisees. Erlich tells Pepe a few of the new menu offerings while also ensuring her that the brand is committed to keeping fan favorites as well. When Pepe asks Erlich about supply chain issues and labor shortages, he talks about how those challenges shape how they are continuing to run and open  restaurants. Erlich shares that they also lean into technology to drive efficiencies and with third party delivery, but he is quick to add that the one thing technology won't replace is the Friendly's family. He says, “So I will tell you that tech is never going to be a substitute for human interaction, at least not in Friendly's.”To hear more from Erlich about the restaurant's new concept, his thoughts on ghost kitchens, and what the company has planned for virtual brands, listen to this episode of Fast Casual Nation on Apple Podcasts.Produced by Lisa Pepe

Shares of the California-based chain crashed over 5% in the afternoon trading session, more than doubling the decline of the S&P 500 Restaurants index.The decline could certainly be correlated with the anticipated earnings release, which is leaning in to some uncertainty as inflation impacts on margins have promoted price increases across products. According to Keybanc, prices have increased by 5-6% in a survey of over 1,500 locations. The bank noted that prices are now 3.3% higher for Steak/Barbacoa, 3.1% higher for Carnitas, and 2.4% higher for Chicken/Sofritas/Veggie entrees. These price hikes add to a spike in avocado prices to the highest level seen in nearly 25 years.Wedbush still shows as a buy"While CMG is not immune to incremental food cost inflation, we believe it remains relatively well-positioned to offset the incremental inflation with price increases remains relatively well-positioned to offset the incremental inflation with price increases," said a Wedbush note to investors.In comparison to other chains our own Foodable Labs data has been tracking overall sentiment for the past eight years and Chipotle has taken a bit of a hit this past quarter.Chipotle Overall SentimentThis time last year - 82.3 vs 77.2 in March 2022 and a fall of 5.1 points the largest we have seen in a YOY over the past four years.Panera Overall SentimentThis time last year - 79.2 vs 78.4 in March 2022 (Down 1.2 Points)Mod Pizza Overall SentimentThis time last year - 73.2 vs 79.4 in March 2022 (Up 5.8 Points)SweetgreenThis time last year - 80.3 vs 74.1 in March 2022 (Down 6 points)

Supreet Raju and her husband & co-founder, Gaurav Gupta are huge food and travel enthusiasts, exploring the blockchain industry together since 2017. While working and researching projects in the market, they noticed a consistent failure in making blockchain products truly accessible to general audiences. Even simple products were made to sound complex, which attracted no one except developers and tech-geeks. With increasing global interest in crypto & blockchain, they felt the need to create something simple, educational & user-friendly to onboard the next wave of adoption - which culminated into OneRare.The future of technology and consumer adoption is leaning more and more into the evolution of blockchain and how NFT's, the Metaverse, and more will play a bigger role in the future of restaurants, food supply chain as well as consumer adoption, and pop culture. We dive deep into this podcast in a way that will explode your mind with our special interview.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, Pepe chats with Graham Humphreys, Chief Executive Officer, and Haley Kabus, Associate Director of Strategy at The Culinary Edge, about creating new fast casual concepts, launching virtual brands and how cryptocurrency can impact a restaurant's bottom line.Humphreys brings an extensive design experience background to The Culinary Edge. He talks about creating branding that not only engages the user's sense of sight, touch and sound, but smell and taste as well. He talks about the diverse team at the company that he collaborates with everyday from design experts, anthropologists, researchers and MICHELIN Star Chefs. He says, “We're an innovation agency for the food and food service industries.” He adds, “If you haven't heard our name, you've probably tasted our food.”Kabus talks about her history working with big brands in the advertising and marketing space and how her real love and passion for working in the food and beverage industry led her to The Culinary Edge. She talks about driving food to the forefront of culture. She shares that this is definitely an area that has been propelled by COVID because it brought people back into the kitchens or into the kitchen for the first time, igniting a new passion for cooking. She says, “For the vast majority of us, our relationship with food has never been more personal or more fun and engaging.”When Pepe asks Humphreys about the advantages and disadvantages of trying new concepts versus tried and true mainstream brands, Humphrey shares that the company actually spends a lot of time on both. He talks about how virtual brands and ghost kitchens have given brands more direct access to the market than ever before and can therefore scale more quickly. He provides an example with MRBEAST BURGER,  a virtual brand that was able to open out of the back line of an existing restaurant and it managed to scale to over 1000 locations within 18 months. He says, “That kind of growth, scale and reach, it might have been possible before, but it certainly didn't happen very much. But it's all being facilitated now by big changes in what makes a restaurant a restaurant.”Pepe asks Kabus about what she has seen with regard to cryptocurrency and the restaurant industry. Kabus shares that crypto is becoming another way that people are looking at what it means to be a restaurant, and what payment looks like today. She shares that according to Yahoo Finance almost 50% of people aged between 24-40, already own cryptocurrency. Major mainstream companies like Yum Brands, Taco Bell and KFC are starting to accept these payments. She says, “But for the most part what we love about embracing crypto is really the signal it sends to your customers about your brand being modern and adaptable and built for the future.”To hear more from Humphreys and Kabus about cryptocurrency, how TikTok is shaping user experience, and what's next for The Culinary Edge, listen to this episode of Fast Casual Nation on Apple Podcasts.

Mobile payment app Strike has partnered with Shopify, alternative payment provider Blackhawk Network, and point-of-sale supplier NCR to create a new US payment system that allows merchants to quickly receive payments in dollars after people pay with crypto.My Latest Video on this announcement.The Lightning Network-based system will work with online purchases from merchants using Shopify, as well as point-of-sale transactions at many large chain stores. All of this made operational in conjunction with Cash App.What this means for companies like a Starbucks whose sales are $24.6 B and over 43% in card payments could save the chain as much as $800 Million a year in fees. Multiply that by the 4 Trillion restaurant industry globally and you end up with an addressable market of approximately $9 Billion in savings.Block, formerly known as Square, is integrating the Lightning Network into its popular Cash App, a move first promised in 2019. The company said the feature should be available to all U.S. Cash App users, except those in New York State, in the coming weeks.The integration of the network will allow Cash app customers in the U.S. to send bitcoin for free within seconds to anybody in the world.The Lightning integration is made possible by the Lightning Development Kit created by Spiral, which is funded by Block.Cash App customers will also be able to send bitcoin to any compatible wallet that accepts Lightning Network payments, without being charged fees.Almost three years ago, Block CEO Jack Dorsey, who's also an investor in Lightning Labs, said there were plans underway to integrate the scaling technology with Square's Cash App.

Foodservice added 250K jobs in the first 3 months of 2022Employment in the sector still lags behind February 2020 levels by about 820,000 jobs, but this is the smallest gap to date between pre-pandemic and current job levels.Restaurants and foodservice businesses added 61,000 jobs in March 2022, marking the 15th consecutive month of job growth in the sector, according to the Bureau of Labor Statistics. But sectoral employment lags about 819,000 jobs behind February 2020, the closest the sector has come to close the gap between pre-pandemic employment and current job levels.Drone Delivery BeginsBrinker International has expanded its partnership with drone delivery company Flytrex, which now offers its service in Granbury, Texas, outside of Dallas-Fort Worth via press release.Drones will offer five-minute delivery of Brinker's brands, including two virtual brands It's Just Wings and Maggianno's Italian Classics.The expansion into Texas follows Flytrex's domestic debut in North Carolina in September 2020. Since then, the drone company has expanded into two additional North Carolina markets, including a delivery station in Holly Springs Towne Center, where the company delivers from Brinker's It's Just Wings brand.Robot Invasion - Four Companies to watchStarship Technologies offers autonomous robots for stores, restaurants, and campuses. Starship robots can carry items within a 4-mile radius. Starship's robots weigh no more than 100 pounds, move at pedestrian speed, and navigate around objects and people.Nuro produces custom autonomous delivery vehicles for neighborhoods. Its main vehicle, the R2, features 360° cameras, Lidar, short and long-range radar, and ultrasonic sensors. Nuro has formed several partnerships in Houston: Domino's for pizza deliveries, CVS for prescription deliveries, and Walmart for grocery deliveries. Postmates is a food delivery app and service owned by Uber. Its Serve robot is designed for safe, autonomous navigation on urban sidewalks. Serve navigates using Lidar and communicates with customers through an interactive touchscreen.Amazon Scout is an electric delivery system designed to get packages to customers safely using autonomous delivery devices. Scout bots are the size of a small cooler and roll along sidewalks at a walking pace. Scout initially launched testing to a neighborhood in Snohomish County, Washington. The autonomous delivery system has since expanded to Atlanta, Georgia, and Franklin, Tennessee.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, Pepe chats with Alan Nathan, Co-Founder and CEO at Sweetfin about his start in the industry, moving into the fast casual space and 94 million poke bowl combinations.Nathan shares how he got started in the hospitality industry over 30 years ago. He had a nightlife and entertainment company that opened nightclubs, hotels and created fine casual restaurants over the years. Nathan talks about his next endeavor which involves him moving into the fast casual concepts segment.Nathan talks about how he got involved with Sweetfin. He was approached by a friend of the family who wanted to discuss a concept for fast casual poke bowls. Nathan shares that the timing was great because he was already looking to expand into the fast casual markets. Nathan decided to review the idea with Dakota Weiss, his head chef at the time. After discussing the concept and their vision for creating a poke bowl that was “a touch above what the Hawaiian soul food was all about”, Nathan shares that Chef Weiss developed recipes with California born inspiration and accents of Japanese sauces. Nathan talks about agreeing to the partnership in 2013, and immediately starting the search for great locations. Nathan talks about the process taking 2 years and ultimately deciding on Santa Monica to launch the first Sweetfin. Nathan talks about the instant impact in the sector, resulting in lines outside of the restaurant for the first 3 months and demand so high that the staff would need to close the restaurant between lunch and dinner to try and keep up. Nathan says, “It was quite an amazing experience, just for the demand of what we created. I would say that we pioneered the poke space and I think that we've continued to be the premium product of the sector.”Nathan shares more about the uniqueness of Sweetfin. He says, ”I'd say we're unique because we're not just what I feel is a premium product in the poke sector, but we're a lifestyle brand that integrates with collaboration with other chefs with other artists. I would say that that's one of our biggest awareness campaigns. We're not just coming up with everything ourselves. It's almost like an open forum.”Nathan talks about the wide variety of bowl choices at Sweetfin. He says that there are over 94 million combinations where you can build a bowl and that 70% of all their orders are build your own bowl, not the signature bowl. He adds, “People truly want to customize their bowl.” Nathan says that's why they decided to do things differently by collaborating with other chefs, artists and musicians; it truly sets Sweetfin apart for the pack. He says, “I think that sharing the canvas for other artists to paint on and other chefs and other musical inspirations and lifestyle inspirations makes us very different to just kind of offering a poke bowl.”To hear more about what Sweetfin has planned for menu updates, future strategies and what Poke House is, listen to this episode of Fast Casual Nation on Apple Podcasts.Produced by Lisa Pepe

After more than a year of a bear market in innovation stocks that are not part of broad-based public equity benchmarks, we believe Instacart's move marks the first major publicly announced valuation cut by a private startup. One of its public competitors, DoorDash, DASH on the NYSE, also has dropped roughly 40% since March 2021. Instacart still could be overvalued relative to DASH, however, as its revenue growth, last year was less than a third of DoorDash's, 21% versus 69%, while its price-to-sales ratio is more than 50% higher at 13x compared to DASH's 7.5x.Meanwhile, data from private secondary markets also suggest that startup valuations are responding to the drawdown in public markets. Secondary marketplace Forge reported that prices for companies that traded on its platform both in the fourth quarter and in February declined roughly 10%, and that the percent of indications of interest (IOI's) on the sell side was 60%, the highest level since the depths of the coronavirus crisis during the first quarter of 2020 and a stark reversal from the 60% of buyer IOI's in 2021. Fast Casual Drive-Thru?Sweetgreen will open its first drive-thru pickup window, or "Sweetlane," in Schaumburg, Illinois, within the next year, the chain announced Wednesday. The unit's opening date and hours of operation have yet to be determined.Sweetgreen has been eyeing drive-thrus for several years, but the pandemic helped accelerate its plans. The chain's urban locations largely struggled during the pandemic, pushing Sweetgreen to build out its presence in suburban markets, where drive-thrus are a natural fit. In 2021, the fast casual chain opened 31 units, with 18 in suburban and residential communities, Neman said. Sweetgreen ended 2021 with 150 locations. Will this move continue to help the stock price?Foodable Labs Sentiment: 78.64 Down 3.12 Points in the past 90 daysWage WarsNusr-et Miami — an upscale steakhouse in Miami owned by celebrity chef Nusret Gokce, also known as "Salt Bae" — did not violate the Fair Labor Standards Act by using an 18% "service charge" added to customers' bills to help meet its minimum and overtime wage obligations, the 11th Circuit Court of Appeals ruled March 18 in Compere v. Nusret Miami (No. 20-12422 (11th Cir. March 18, 2022)).Filed by a total of 24 tipped employees at Nusr-et, the class-action lawsuit alleged that from Nov. 1, 2017, through Jan. 18, 2019, the restaurant "paid them less than the required federal minimum and overtime wages and forced them to participate in an illegal tip pool with non-tipped employees." The plaintiffs' case argued that the 18% service charge should be treated as a tip.The 11th Circuit determined that the service charge was not a tip because it was mandatory; the payment was not a "gift" and the amount was not, as the legal definition of "tip" states, "determined solely by the customer."Make sure to check out all of our amazing podcasts here on Foodable Network!

Crypto Impact on RestaurantsRestaurant Revitalization Fund is dropped from omnibus spending bill as hope for relief dwindles. The second round of restaurant relief will not be included in the omnibus spending bill expected to be voted on by Friday. The rallying cry for a last-ditch effort to include another round of the Restaurant Revitalization Fund in President Biden's spending package was led by Senate Small Business chair Sen. Benjamin Cardin (D-Maryland) and Sen. Roger Wicker (R-Miss.) in February. Torchy's Tacos founder Mike Rypka is back as CEO, the company said Thursday.Fresh Mex Moves with Torchy'sRypka was serving as interim CEO for the Austin, Texas-based chain following the retirement of former CEO GJ Hart, which was announced in November. Before launching Torchy's, Rypka was a corporate chef for several fortune 500 organizations MTV Studios, Disney Animation, and Dell. The chain took on a new group of new investors in 2020 that included private-equity firm General Atlantic, as well as D1 Capital Partners, T. Rowe Price, Lone Pine Capital and XN.Chippy ChipotleChipotle has recruited a mechanical employee to take the weight off the hard-working humans. The new recruit is called Chippy and has been given the all-important task of making the Mexican food chain's tortilla chips. Chippy will be helping with staff shortages and combating inflation as we see more and more tech use with fast-casual concepts.Chippy's first shift at Chiptole will take place in its test center in Irving, California. Chippy is a product of Miso Robotics, whose other business partners include the aforementioned Buffalo Wild Wings and the Dodgers baseball franchise. Chipotle, they gave their own reasonings behind their new hire: “We are always exploring opportunities to enhance our employee and guest experience. Our goal is to drive efficiencies through collaborative robotics that will enable Chipotle's crew members to focus on other tasks in the restaurant.”McD Goes All-In On PodcastsPodcast growth has led to increased attention to and investment in podcast networks that can better connect advertisers with diverse creators to reach these audiences. SiriusXM this month signed an exclusive deal with reVolver Podcasts, a network that specializes in Spanish-language podcasts. Earlier this year, Pod Digital Media, a full-service agency for multicultural podcasters, signed a three-year, eight-figure ad deal with McDonald's as the QSR giant seeks to invest in diverse media partners.In 2022, 51% of the population has listened to a podcast and roughly 78% are familiar with the medium.Podcast listeners increased by 29.5% from 2018 to 2021.Over one-third (104 million) of Americans listen to podcasts regularly.According to Edison Research, 41% (116 million) listened to a podcast in the last month.28% (80 million) of Americans are weekly podcast listeners.

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, Pepe chats with Karl Goodhew, Chief Technology Officer at BurgerFi about the latest restaurant technology, labor shortage solutions, and Patty the Robot.Goodhew shares how he got started in the industry and restaurant technology, he says that his background was originally in big box retail where he was responsible for both the customer-facing e-commerce platforms and the in-store experience. Goodhew says that the way BurgerFi was approaching both online and in store experience just made sense to him, so he decided to transition from retail to the restaurant industry by joining the team at BurgerFi.Goodhew talks about the other key reason he decided to join BurgerFi, he says, “They have a really great product.” He adds, “I really enjoy working for a company that I love the product.” He also enjoys a really great burger, just one of many items on the company's menu created with Chef Paul Griffin, chief culinary officer at BurgerFi. Goodhew says that because they offer a diverse variety of food options, he is able to take his wife, a vegetarian and whole family to the restaurant and everyone is able to have a meal that they really enjoy.Goodhew talks about labor shortages and how technology can help in this regard by supplementing and supporting both front and back of house staff. He says that ensuring systems stay up and running, streamlining POS and making sure innovation is helping staff is key. “There's nothing worse than having a room full of customers and maybe the POS goes down. That's not acceptable. I believe technology partners have to help our staff and an example of that might be as simple as making sure that the systems are always up and running. Things like that just help.”Goodhew shares news of the latest addition to the BurgerFi team, Patty the Robot. Goodhew says that Patty the Robot is not intended to replace anyone but instead, she is there to assist the team and solve daily challenges. Goodhew says “I think we should focus on how can technology help solve problems that exist today.” Patty the Robot supports employees by helping to serve meals to tables, returning trays to the kitchen and by interacting with guests. Goodhew ads, “It's extremely important that technology is driving that growth at BurgerFi and also the solutions.”To hear more about how BurgerFi will be utilizing the latest technology to implement touchless QR codes, game changing drive-thrus, and how your next car might be able to order your burger for you, listen to this episode of Fast Casual Nation on Apple Podcasts.Produced by Lisa Pepe

Starship Tech a sidewalk robotic company is raising 100 Million in a flashStarship robots are revolutionizing food and package deliveries, offering people convenient new services that improve everyday life. Their ability to harness technology combined with experience providing services to millions of people makes this a reality today.Google accused of 'deceptive' online ordering practices by a restaurant groupA class-action lawsuit has been filed against Google alleging the tech giant infringed on restaurants' intellectual property rights and interfered with their customer relationships by using "deceptive online ordering practices." The suit was filed on behalf of Left Field Holdings, which operates several Lime Fresh Mexican Grill restaurants.Chains Longterm Impact From Russian ExitsStarbucks and McDonald's announced Tuesday that they are halting business activity in Russia following the country's invasion of Ukraine. Neither company has forecasted when their Russian stores could reopen. The Golden Arches has 850 restaurants and 62,000 workers in Russia and 84% of its Russian restaurants are company-owned. Starbucks has 130 total restaurants in Russia, all of which are licensed by but not owned by the company, according to data published by the Yale Chief Executive Leadership Institute on Tuesday.Welcome to the NFT Restaurant BoomChefs like Tom Colicchio are minting NFT pizzas, recipes, and even limited-edition gin bottles. But is the rest of the food world along for the ride?This episode sponsored by California Energy Wise & Dawn Professional®

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, I chat with Abe Ng, founder and chief executive officer of Sushi Maki about brand development, innovation and growth over two decades. Ng, a lifelong restaurateur, has been in the industry for many years, he says since birth. His parents had Chinese restaurants and Ng worked in them as he grew up. After university Ng spent some time in public accounting but his love for hospitality brought him back. He founded a fast casual burrito chain but transitioned to Sushi Maki in 2000. Twenty-two years later Sushi Maki is still a family business and today operates twenty-five restaurants. I asked Ng about the Sushi Maki concept and he says, it started as a neighborhood sushi bar. He took into consideration what the area had already and what it needed. Ng says, “Hard to believe that in the early 2000 where we were in South Miami and in Coral Gables Florida there weren't a lot of sushi bars.” He adds, “I actually spent some time in California at the California Sushi Academy to get some basic understanding and respect for the cuisine. I went to a hospitality school and had a rudimentary understanding of restaurants and commercial kitchens.” Ng talks about seeing the importance off-premise could have to the business early after opening, and began selling wholesale sushi to country clubs and hotels. Sushi Maki today does all of the sushi for Whole Foods Market in Miami Dade, Broward, and Palm Beach counties. You can also find Sushi Maki locations at universities in South Florida. Polished fast casual restaurants is a concept Ng says he started dabbling in a few years ago and feels it is the future of his concept. Sushi Maki Las Olas introduced the 2,500-square-foot new concept for the brand and it represents the company's first stand-alone location in Broward County. The restaurant differs from the traditional fast casual by including real glassware and plates rather than disposable options. To hear Ng talk about the Sushi Maki tech stack and the brand's marketing approach, listen to this episode of Fast Casual Nation on Apple Podcasts.

Foodservice Tech Sell-Off - Affect on your restaurant?Lots of technology news this week and also a seismic shift in what we could be dealing with very soon if we see a potential recession and seven dollar a gallon gas. The landscape has erie similarities to an era when old school POS was displaced in early 2000. DoorDash buys Bbot to beef up in-store digital ordering capabilitiesDoorDash is acquiring Bbot, a hospitality technology startup that simplifies digital orders and payments processes, the company announced Tuesday. The terms of the deal were not disclosed.The deal will expand DoorDash's suite of first-party platform services, such as DoorDash Drive and DoorDash Storefront, to meet increased demand for integrated and simplified solutions. The aggregator also claims Bbot's technology will increase partner restaurant sales and reduce diner wait times to order and pay.I see this as an early validation that Bbot did not want to go the IPO route with the battering of foodservice tech companies that have fallen as much as two-thirds in less than a year with the likes of OLO and Toast.Next up is Toast - as CFO Elana Gomez states they are looking for tactical investments for market share growth. In my opinion, this is a bad strategy under the current economic overpriced landscape that is on the verge of a major hit as well as a shift from web 2 to web 3 that is clearly underway.The company is staying its course amid a broader sell-off in the cloud-computing sector since November and volatility in the broader markets in the wake of Russia's invasion of Ukraine and lower margins. Toast's shares are now in the $20 range, down from the $40 level in September that made it one of the largest IPOs of the year in restaurant technology.Paul's Take: This is a problem that we are facing right now in the tech sector with foodservice and one that will not be realized until 2024-25 which will then be too late. A caution in investing in this sector right now due to the fact we could see an early disruption of an industry that was forced into growth before they and the technology advancements of the future were ready. There are clear changes beginning to shift the tech landscape once again and the COVID bandaid of tech companies that have been thrust into these uncertain times wreaks of a bad situation brewing.This episode is Sponsored by Popmenu

The Fast Casual Nation Podcast offers exclusive interviews with experts ranging from top chefs and brand makers to executives and restaurants who work in one of the fastest-growing segments of the restaurant industry. In this episode, I talk with Massimo Noja De Marco, chief executive officer and co-founder of Piestro about his extensive background as an entrepreneur in the restaurant industry and an emerging leader in kitchen automation. Noja De Marco was born and raised in the hospitality industry, he is part of a seven-generation family in hotels and restaurants. He tells me that his mom was a fabulous chef and his grandparents and great grandparents ran hotels in Italy on the north side of Milan on the Swiss border. He says, “So I was born, I was literally born in the hotel just like my father and my grandfather were so you know I just fell in love with the hospitality from a very very young age. You know, when I was a little kid I asked my grandfather to promise me that when I would turn five years old he would teach me how to make cappuccino in the hotel and you know by the time five years old came around I already knew how to do it.” When Noja De Marco moved to New York in his twenties, he opened restaurants, a few Italian and one French restaurant. He talks about hospitality and says, “I really embrace that the hospitality, the ability to change people's perspective on life on any given day by just being excited by serving them something delicious and just making them feel like they were your best friends that you hadn't seen for a lifetime.” Noja De Marco moved to California and opened restaurants there too. He worked for the Ritz-Carlton as well as Wolfgang Puck Catering and did events including the Oscars. Noja De Marco launched Kitchen United and drove all aspects of design with a focus on setting up a better way for off-premise business for restaurants. Kitchen United which was the first ghost kitchen space in the United States was about optimizing the space for the restaurants. He says, “I really wanted to optimize the entire space and since I had already started working with robotics probably about a year and a half earlier with Miso Robotics which you know the parent company of Flippy, I got super excited. I'm like what if I can bring that into the ghost kitchen space but what if I can bring that automation into the restaurants.” We chatted about Piestro, which Noja De Marco calls his favorite thing and he has been dreaming about it for years. Piestro has designed robots that make pizza at a fraction of the cost. It eliminates the retail footprint and labor costs, making pizzas using high-quality ingredients for less. To hear more of Noja De Marco's insights for restaurant brands and Piestro's partnership with 800 Degrees Pizza, listen to this episode of Fast Casual Nation on Apple Podcasts.

In this episode of Accelerate series for the Takeout, Delivery, and Catering podcast series, host Paul Barron chats with Michael Liu, executive vice president of JustKitchen to dive into the ghost kitchen and virtual brand phenomenon that has been happening around the world.JustKitchen is an operator of ghost kitchens currently operating twenty restaurants in Taiwan and two restaurants in Hong Kong and they use a hub and spoke food delivery model and is currently expanding to the Philippines and Singapore.Liu says, most of the JustKitchen executives come from a food and beverage background and his background, the delivery aggregator industry. When choosing brands to partner with, Liu says, “we were able to collect a lot of data to look at what is going to be an emergent trend in terms of food delivery service, what kind of brands, what kind of food that we're serving but really just studying the data.”The process to develop a virtual brand for JustKitchen starts with a lot of data scraping, looking at restaurants and delivery and then they forecast. Liu says, “by applying some sort of algorithm to look at what kind of volume they're doing so basically just trying to meet that demand versus actually creating one.” JustKitchen offers several brands including Smith & Wollensky and TGI Fridays.In terms of ghost kitchens Liu says, “I do think that's definitely going to be a growing trend and I think another really big issue is definitely inflation of food cost, labor shortage and that gives not a lot of options to the traditional restaurant operators to operate at what they used to do. So I think virtual brand or cloud kitchen really gives that extra edge for them to really go to the next level to increase their income to increase their average ticket size or you know even just to increase their efficiencies.”To learn more about JustKitchen's partnership with DJ Khaled's Another Wing, Liu's insights on celebrity brands, and third party partner data and how to decentralize from the food delivery aggregators, listen to this episode of Accelerate.

In this episode of the twelve-part Accelerate series for the Takeout, Delivery, and Catering podcast series, host Sam Stanovich and guest host Kathleen Wood chat with Jamie Griffin, founder and principal partner at Consult to Grow, to explore the power of culture and the talent pipeline. Griffin shares his background saying, “for twenty years I spent fifteen years on the operations side working with Raising Cane's from the ninth restaurant to the four hundredth or so.” Adding, “And started my own consulting company which is Consult To Grow, where I work side by side with restaurant owners, founders and operators to scale and grow through people, systems and processes.”Wood asks Griffin what he thinks about culture in today's marketplace, he says, “I really think of culture very similar to brand, so brand is to the customer as culture is to the employee and I think there are a lot of really important symbolic relationships between those two.” Griffin adds, “But for me what culture is it's the personality in the story of how we operate our business, what are our values, what is our management style, what are the beliefs that we hold about what it takes to compete and be successful.” Griffin, when asked about the talent pipeline says, “so talent pipeline is about three things, it's about attracting the right people, it's about retaining the right people and it's about developing people to the next level.” To learn more about Consult To Grow, the power of culture, and the importance of the talent pipeline, listen to this episode of Accelerate.

In this episode of the twelve-part Accelerate series for the Takeout, Delivery, and Catering podcast series, host Sam Stanovich and guest host Kathleen Wood chat with Jamie Leeds, chef and restaurateur of Jamie Leeds Restaurant Group, which includes Hank's Oyster Bar, The Wharf and Hank's Cocktail Bar, to explore how team connection can accelerate your business. Leeds shares how she and her team navigated during the pandemic, staying connected and brainstormed ways to stay alive financially. Recognizing that restaurants were closed and suppliers were suffering, they developed a concept to engage that supply chain. Leeds talks about keeping loyal clientele and growing their customer base. She says that they are very hospitality based and attributes that to her time as a sous chef for her mentor Danny Meyer. Leeds adds that they are hospitality first, staff is key, and the importance of taking care of her own. When asked about her hiring strategy, Leeds says she has had no problems with staffing. She was able to keep most of her staff through the winter and her team came back, even relocating them at her other restaurants. Wood asks Leeds about the theme of loyalty, Leeds said it is simple, it is about connection. To learn more about why technology is important for Jamie Leeds Restaurant Group, how Leeds is making the operator's jobs easier, and about changing out POS systems, listen to this episode of Accelerate.

In this episode of the twelve-part Accelerate series for the Takeout, Delivery, and Catering podcast series, host Sam Stanovich and guest host Kathleen Wood chat with Atul Sood, the chief business officer of Kitchen United, to explore successfully creating and implementing a growth strategy in the restaurant and hospitality industry.“We focused the business quickly on restaurants… and then we realized we needed to have a facility for onsite ordering,” says Sood. “We've gone from there to having six sites, and we'll be opening another twelve to fourteen sites this year.”Founded in 2017, Kitchen United was designed to support restaurant takeout, delivery, and catering via dark kitchens. The GV-backed startup has helped countless restaurants expand their consumer base for off-premise dining.“You only staff the cooks. We take care of everything else: cleaning, sanitation, running of food to the delivery driver or customer, manning the front of house, receiving food products, managing technology, managing the co-marketing,” adds Sood. “It's really a CapEx, time, and labor-light way to expand.”Listen to the episode to learn more about Kitchen United's expansion plans!

In the first episode of the new 12-part Accelerate series for the Takeout, Delivery, and Catering podcast series, host Sam Stanovich and guest host Kathleen Wood explore how owners, leaders, and operators can effectively accelerate their business in a post-pandemic world to push for more success, more profits, and more opportunities to rebuild the industry.“Operators are busier than ever. There's pent-up demand in the marketplace and a huge lack of labor,” says Stanovich. “If we're not being strategic, and if we're not getting ready, we can't accelerate our business to where the most amount of profit is because we're being reactionary versus proactive in our business.”Despite appearances, the industry is moving at a rapid pace. With the pressure of the labor shortage, the pressure of supply changes, and new competitors entering the marketplace, many formerly successful businesses will be left behind if they don't start investing in and accelerating their business now.One group that businesses need to start investing in is Gen Z—the 72 million people born between 2000 and 2015. “These Gen Zs are digital natives. Everything about their world is technologically infused,” notes Wood. “COVID really brought their voices to the forefront. These Gen Z are becoming our customers and our workforce… and they are driving all of us to be more flexible, agile and technologically advanced.”Listen to the episode to learn more about embracing the uncertain future of the industry amidst the ongoing pandemic, and successfully implementing new, relevant technology!

On the last episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Nick Vojnovic, the president of the Little Greek franchise, to explore brand building and how businesses have shifted since the onset of the pandemic.Little Greek specializes in fresh, grilled Greek cuisine. The chain prioritizes quality, handcrafted food that is as flavorful as it is affordable.“Keep your footprint as small as you can,” says Vojnovic. “We've not seen a correlation between store size and sales… the future will be smaller boxes, and drive-thrus will be a key element going forward.”Little Greek currently maintains 44 locations, adding four or five restaurants each year. The company dropped about 30 to 35 percent when the pandemic first hit, but was able to rebound and become even with the previous year by summer 2020. For the chain, the main priority is to offer a wide selection of authentic food.“From a marketing standpoint, I think we're the only franchise in the country that does not collect a marketing fee,” adds Vojnovic. “We try to let our food speak for itself. We use our catering to market the brand… for the most part, it's all been organic growth.”Listen to the episode to learn more about mentorship and cultivating a successful work culture!

We discuss the intricacies of thermostats, the benefits of Smart Hours, In-n-Out burgers, caramel malts, the varieties of bourbons, investing in barrels of bourbon, stress Tourette's,  aging dogs, random calls, old school internet access, Rasputin, the Marquis de Sade, the Jo/Blair debate, McDonald's apple pies, the decline of fries, dating down, and rock band urban legends, then we end up flinging rubber chickens in all directions.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Elizabeth Baxter, the chief people officer of Torchy's Tacos, to explore the taco business, crafting products and merchandise, and building a culture of caring.Begun in a food trailer—with some advertising conducted on a Vespa—Torchy's Tacos specializes in high quality, cooked-to-order tacos. With over 75 locations, the chain is committed to responsible sourcing, constant menu innovation, and hiring employees that reflect and reinvest in their communities.“Every taco we serve, you're not going to see in another kind of taco shop,” says Baxter. “Our focus has really been about the best ingredients and fun, memorable names. The Brushfire has fresh mango on it, and the fact that we source that mango and make sure that it's ripe and cut perfectly—that's what gets people coming back.”For Torchy's, the goal is to make the food original and keep the customers engaged. They have a secret menu that customers can only learn about through the grapevine, and a taco of the month special to continuously surprise guests with new tacos as well as tacos from the vault to try.“Food trucks are relevant because it's just another form. Right now, people don't want to sit in a restaurant, so we've shifted to this off-premise idea,” adds Baxter. “It's another way of people getting food in an easier, different way. And people like different, innovative, and easier.”Listen to the episode to learn more about taco trucks and best practices for recruiting!This episode is sponsored by DAWN® PROFESSIONAL - Pot and Pan

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Tom Foley, the founder of Indigo Group, and Tiffany Derry, the chef and owner of Roots Chicken Shak, to explore packaging, catering, community, and planting roots for the future.Roots Chicken Shak is famous for its duck fat fried chicken, courtesy of celebrity chef Tiffany Derry. Options range from wings and tenders to sandwiches and salads, all freshly prepared in the chain's limited 300 square feet of space. Indigo Group helped found Roots Chicken Shak in 2017, and the management consulting company continues to oversee the chain's operations.“We call the front of the house the restaurant, where Tiffany is amazing both from a chef's perspective and a guest's engagement,” says Foley. “The back of the house is all the operational components. Anything that smells legal comes my way.”Roots Chicken Shak has a culture of buying local. The chain endeavors to keep the menu narrow and focused—emphasizing chef Tiffany's southern upbringing and preference for dishes with local, fresh ingredients and spices—to keep ordering and packaging processes simple and seamless. Roots found the ideal packing partner in H-E-B.“We're quick service. We knew that in order to make the numbers that we needed to make, it wasn't just about everyone coming in and eating—we needed our pickup and delivery to be a large part of our program,” says Derry. “I wanted to make sure that we had proper materials… not everything works for chicken.”Listen to the episode to learn more about the making of duck fat fried chicken, as well as how to successfully invest in your community!

On this episode of the Takeout, Delivery, and Catering podcast series, host Sam Stanovich sits down with Lewis Rudd, the president and chief executive officer of Ezell's Fried Chicken, to explore chicken, food trucks, and marketing transparency.This episode is sponsored by DAWN® PROFESSIONAL - Pot and Pan

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Carin Stutz, president and chief executive officer at Native Foods, to explore earth-friendly eating, investing in your community, as well as the ins and outs of packaging and catering.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Brandy Blackwell, the director of new business at Dunkin' Brands, to explore third party deployment, building loyalty, and managing the influx of drive-thru customers.This episode is sponsored by DAWN® PROFESSIONAL - Pot and Pan

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Gerry Fernandez, the president and founder of the Multicultural Foodservice and Hospitality Alliance (MFHA), to explore building culturally intelligent brands and leaders, and developing multicultural solutions that help raise the top line, improve the bottom line, and strengthen your brand.

This episode of the Takeout, Delivery, and Catering offers a mixed lineup featuring some of the notable clips of and trade secrets discussed in the podcast series. If you are a bit behind on episodes, this collection can catch you up on the best moments of hosts TJ Schier and Sam Stanovich's interviews this past year with:Brian Duffy, a chef, traveler, consultant, host, and restaurateurMegan Danielson, the head of industry, food, beverage, and restaurants at GoogleJim Knight, the owner and chief executive officer of Knight SpeakerKathleen Wood, the founder of Kathleen Wood Partners and the co-founder of Suzy's SwirlDon Fox, the chief executive officer of Firehouse Subs This episode is sponsored by DAWN® PROFESSIONAL - Pot and Pan

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Don Fox, the chief executive officer of Firehouse Subs, to explore the latest in off-premises and packaging trends, as well as the importance of giving back to the community.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Scott Taylor, the president and chief operating officer of Walk On's, to explore recent off-premises trends and the importance of building culture and community. This episode is sponsored by DAWN® PROFESSIONAL - Pot and Pan

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Aaron Noveshen, the founder and chief executive officer of The Culinary Edge and Starbird, to explore ghost kitchens and the latest off-premises trends.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Kathleen Wood, the founder of Kathleen Wood Partners and the co-founder of frozen yogurt company Suzy's Swirl, to explore catering desserts, handling digital hospitality, and cultivating dynamic, collaborative leadership.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Geoffrey Goodman, the chief executive officer of Fresh Brothers, to explore restaurant trends, off-premises basics, and ghost kitchens.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Geoff Alexander, the president and chief executive officer of Wow Bao, to explore the ins and outs of the dark kitchen space.

On this episode of the Takeout, Delivery, and Catering podcast series, hosts TJ Schier and Sam Stanovich sit down with Monty Moran, an author, filmmaker, and the former co-chief executive officer of Chipotle Mexican Grill, to explore the importance of leadership and how to help brands thrive.