The Restaurant Report – Details, episodes & analysis

The National Restaurant Association (NRA) is addressing the food service industry's workforce shortage by focusing on attracting, training, and retaining employees. To combat the decline in young workers, the NRA has launched initiatives like "Restaurants Work" and expanded educational programs. The organization is also prioritizing apprenticeship programs and structured career paths to increase job satisfaction and retention. Additionally, the NRA is working to make the industry more inclusive and accessible to all, while emphasizing the importance of embracing technology to stay competitive.

#NRAWorkforceInitiative #FutureOfFoodService #RestaurantCareerPaths


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📈 Learn More ~  Restaurant Power Index featuring the top 50 brands' performance in consumer sentiment based on 12 performance markers in food, service, and overall brand consumer sentiment. The RPI features historical and current sentiment analysis for key brands based on the overall market sentiment data. Subscribe for weekly reports on the top brands in the restaurant industry. https://www.savor.fm/restaurant-power-index

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Fred LeFranc, founder of Results Through Strategy, shared insights on restaurant industry leadership, technology, and trends during a Prosper Forum podcast. He emphasized the importance of organizational assessments, adaptability in a dynamic business environment, and using technology to enhance existing strengths. LeFranc praised brands like Chick-fil-A and First Watch for effective tech integration, highlighted the value of data analytics, and discussed successful strategies from brands like Cava and Chili's. He stressed the importance of creating emotional connections with guests and cautioned against operational decisions that might hinder excellent service delivery.

RestaurantInnovation #HospitalityLeadership #DiningExperience
🫶 Subscribe NOW - Unlock a world of knowledge, innovation, and growth from the largest podcast network in food service! - https://savorfm.substack.com/

📈 Learn More ~  Restaurant Power Index featuring the top 50 brands' performance in consumer sentiment based on 12 performance markers in food, service, and overall brand consumer sentiment. The RPI features historical and current sentiment analysis for key brands based on the overall market sentiment data. Subscribe for weekly reports on the top brands in the restaurant industry. https://www.savor.fm/restaurant-power-index

Follow on X: Savor_fm

In this episode of The Restaurant Report, Paul Barron, a forward-thinker in technology and media, engages in a thought-provoking conversation with the CEO of ConverseNow, a company at the vanguard of AI-driven drive-thru technology. Together, they delve into the transformative power of artificial intelligence in reshaping customer service within the fast-food industry and beyond. Highlights of their discussion include:

The Evolution of AI: An in-depth analysis of the current state of AI technology and its potential trajectory. They explore emerging trends, potential breakthroughs, and the ethical considerations of increasingly autonomous systems. The conversation illuminates how AI's rapid advancement will continue to alter the landscape of various industries, emphasizing adaptability and innovation.
Adoption Process in the Restaurant Business: A comprehensive breakdown of how restaurants can integrate AI-driven solutions like ConverseNow's technology. They discuss the step-by-step process for onboarding, the challenges restaurants face during this digital transformation, and the tangible benefits such as improved efficiency, personalized customer experiences, and increased profitability. The dialogue also covers strategies for overcoming resistance to technological adoption within traditional business models.

Building In-House Large Language Models: The dialogue critically examines why many enterprises or brands choose not to develop their large language models, despite the apparent advantages. They explore the complexities, costs, and expertise required to build and maintain these systems. The conversation highlights the importance of partnerships with specialized AI companies that offer scalable, customizable, and cost-effective solutions, enabling businesses to leverage the power of AI without the need for in-house development.

This episode offers a rare glimpse into the future of AI in service industries, providing valuable insights for entrepreneurs, business leaders, and anyone interested in the intersection of technology, innovation, and customer service. Join us to uncover the practicalities and possibilities of AI, through the experiences of two industry pioneers leading the charge towards a more efficient, personalized, and tech-driven future.
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On this stock analysis episode, we break down the top restaurant brands with a forward thinking strategy in implementing ghost kitchens and virtual brands. On our list is Denny's ($DENN) who spinned off two virtual brands The Melt Down (sandwiches) and The Burger Den (burgers). Brinker International ($EAT) known for Chili's restaurants, focused on chicken wings with its "It's Just Wings" virtual concept. And finally Bloomin' Brands ($BLMN), known for Outback Steakhouse, created a chicken tender virtual brand called Tender Shack. All three restaurant brand stocks have seen strong gains in their stock prices despite the catastrophic restaurant closures, reinforcing tech innovation as the winning strategy for the restaurant industry.

#Stocks​ #GhostKitchens​ #VirtualBrands​
~Ghost Kitchen Stocks To Buy | $DENN $BLMN $EAT Stock Analysis~
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Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform 🎓 http://bit.ly/FoodableVirtual​

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Beyond Meat (BYND) is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company has products designed to emulate beef, meatballs, ground meat, and pork sausage links and patties. Beyond Meat's innovation will be a key factor in its retail and dining expansion, though competition from industry giants like Tyson won't go unnoticed.

Beyond Meat website ➜ http://bit.ly/BYNDsite​

#BYND​ #BeyondMeat​ #Stocks​
~Beyond Meat Stock Will Hit $4,500 by 2028 | BYND Stock Analysis~
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Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform 🎓 http://bit.ly/FoodableVirtual​

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Tattooed Chef ($TTCF) is a plant-based food company offering a broad portfolio of innovative and sustainably sourced plant-based foods. Tattooed Chef’s signature products include ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, and cauliflower pizza crusts, which are available in the frozen food sections of leading national retail food stores across the United States as well as on Tattooed Chef’s e-commerce site. They plan to increase store count by 41% and points of distribution of Tattooed Chef branded products by 35% by the end of the first quarter. On this stock analysis we're taking a look into $TTCF growth potential.

Tattooed Chef website ➜ http://bit.ly/TattoedChef​

#TattooedChef​ #TTCF​ #Stocks​
~Tattooed Chef Growth Analysis | $TTCF Stock Buy or Sell?~
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Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform 🎓 http://bit.ly/FoodableVirtual​

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Finally something passed that targets restaurants, helping food service establishments around the country avoid closure through billions in grants. $28.6 billion of the bill will go to assist restaurants, food trucks, bars, and street vendors in paying their back rent, mortgages, and pretty much anything else. This is not a loan but a non-repayable grant. Grants will be capped at $10 million for restaurant groups and $5 million for individual venues. Publicly traded companies or restaurants with more than 20 locations won’t be eligible. If a restaurant has received a PPP loan, that amount will be subtracted from the potential grant amount. Funds must be used by the end of the year. While something is better than nothing, the initial ask was for $120billion. If you divide the $28.6 billion by the number of eligible restaurants, that comes out to the equivalent of about a $40,000 stimulus check for each restaurant. Is the grant enough? is it the last bit of help restaurants are getting? let us know your thoughts in the comments below!

HOW TO APPLY FOR RESTAURANT STIMULUS GUIDE ➜ https://t2m.io/RestaurantStimmy​

#Stimmy​ #Restaurants​ #StimulusChecks​
~$44,000 Stimulus Checks For Restaurants? | $28.6 Billion Restaurant Stimulus~
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Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform 🎓 https://t2m.io/VirtualEvents​

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On this episode of The Barron Report, host Paul Barron explores the future of trade shows based on the latest data on consumer behavior and visitor expectations.

The National Restaurant Association Show is being canceled for a second straight year as the state of Illinois’s order to limit gatherings to no more than 50 people remains in effect until early June, according to an NRN announcement. With these cancellations piling up and social distancing/virtual gatherings becoming the norm, this begs the question of why we need trade shows to begin with. Is it possible the typical trade show attendee has been retrained to be more open to virtual events/webinars/trade shows? Recent data on consumer behavior and visitor expectations suggests trade shows need to die.

#NRAshow​ #TradeShows​ #Business​
~Why Trade Shows Need To Die ~
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Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform 🎓 https://t2m.io/VirtualEvents​

Subscribe on YouTube ✅ https://t2m.io/YoutubeSubscribe​
Facebook 📱 https://t2m.io/FoodableFacebook​
Twitter 📱 https://t2m.io/FoodableTwitter​

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We're diving into Starbucks ($SBUX) and analyzing it's short term growth. With over 80% of We're diving into Starbucks ($SBUX) and analyzing it's short term growth. With over 80% of company leaders reportedly planning to permit remote work after the pandemic could we begin to see less restaurant sales in over 84,000 urban locations? Starbucks has been seeing lower revenue and extra costs associated with COVID safety, however there's still no denying that Starbucks has been on a path back to growth.

#Starbucks​ #SBUX​ #Stocks​
~Starbucks Analysis | $SBUX Buy or Sell~
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Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform 🎓 https://t2m.io/VirtualEvents​

Subscribe on YouTube ✅ https://t2m.io/YoutubeSubscribe​
Facebook 📱 https://t2m.io/FoodableFacebook​
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We're going into a deep dive stock analysis on Darden Restaurants ( $DRI ). Darden Restaurants is a multi-brand restaurant operator headquartered in Orlando. They own fine dining restaurant chains: Eddie V's Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen. Darden has more than 1,500 restaurant locations and more than 150,000 employees, making it the world's largest full-service restaurant company.