After COVID, inflation is now a major threat to restaurants’ financial viability.
How have they responded? By relying on their competitive strengths in operations. Big chains have used their size to control purchasing costs, whereas mom and pop restaurants have emphasized their authenticity and superior quality. Both are attempting to maintain customer loyalty and mitigate new threats with existing assets and resourcefulness.
Video Spotlight: Restaurants Grapple with Rising Costs (September 15, 2022, CNBC Television)
This post is based […]