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State of the Industry Report 2023

While the restaurant industry largely recovered in 2022 as many patrons returned to in-store dining, it was not without challenges. Record inflation caused food prices to skyrocket and many restaurants struggling to keep their cost of goods sold in check. The ongoing labor crisis has also left restaurants understaffed, forcing longer wait times and closing sections of their in-house dining.

In our State Of The Industry survey, Restaurant365 asked our customers their top challenges in 2022 and what they expect for 2023. This report shares insights surrounding restaurant sales, labor obstacles, and food costs as well as strategies for overcoming them.

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