Tag

Business Food Industry

All articles tagged with #business food industry

business-food-industry1 year ago

"Challenges Ahead for Pandemic-Driven Delivery-Only Restaurants"

Delivery-only restaurants, born out of the pandemic, are facing uncertainty as large chains grapple with overtaxed kitchens, rising customer complaints, and a return to in-person dining. While the concept saw explosive growth during the pandemic, with investors pouring in billions of dollars and celebrities creating their own virtual brands, the challenges of maintaining quality and managing orders during peak times have led some chains to reconsider their delivery-only strategy. Despite these challenges, some chains are continuing to operate and even expand their virtual brands, while others are learning to stick with what they know best.

business-food-industry1 year ago

"Applebee's and IHOP to Launch Co-Branded Restaurants in the U.S."

Dine Brands Global, the parent company of IHOP and Applebee’s, has begun opening dual-branded locations, combining back-of-the-house cooking areas and blending front-of-the-house dining areas, with discrete entrances. The concept aims to reduce costs and maximize revenues by attracting customers dining at different times of the day to the same location. The company plans to eventually bring this concept to the U.S. as it faces challenges amid changing tastes and rising cost pressures. Despite closures, Dine Brands plans to open 25 new restaurants with a more modern, streamlined design, and sees IHOP as a market leader with a track record of growth.

business-food-industry1 year ago

"Kellogg's CEO Sparks Controversy by Suggesting Cereal for Dinner Amid Economic Struggles"

Kellogg's CEO Gary Pilnick suggested that families facing financial strain could consider eating cereal for dinner, sparking criticism and comparisons to Marie Antoinette's infamous "let them eat cake" remark. Pilnick defended his statement, citing the affordability of cereal, but faced backlash on social media over his $4 million annual salary and the actual cost and nutritional value of cereal. Kellogg's has been promoting "cereal for dinner" amid rising food prices, but critics argue that the campaign exploits hungry people for financial gain.

business-food-industry1 year ago

"Sriracha Empire: The Peril of 78-Year-Old Immigrant Turned Multimillionaire David Tran"

David Tran, a Vietnamese immigrant, built a multimillion-dollar hot sauce empire with his signature sriracha, but now faces uncertainty as the supply of his famous sauce remains shaky despite a three-year hiatus. Tran's journey from selling chili sauce door to door in Vietnam to becoming a successful entrepreneur in the US is marked by an unusual business model relying on a decades-long partnership with a California farmer, which has now come to an end.

business-food-industry1 year ago

Hershey Warns of Record High Cocoa Prices

Hershey issues a warning on profits and sales due to record cocoa prices, with global cocoa prices hitting new peaks as poor harvests in west Africa drive up costs. The company expects cocoa prices to limit earnings growth and is considering price rises on products. Cadbury owner Mondelēz also faces significant cost increases and has already increased prices, following a report that found the price of popular festive chocolates had risen by over 50% from Christmas 2022 to 2023, contributing to a significantly higher chocolate price increase compared to overall supermarket food and drink inflation in the UK.