State of the
STATE OF THE INDUSTRY
Restaurants Plan 2024 Tech Investments Amid Rising Food & Labor Costs
As the industry continues to face prime cost volatility, the majority of operators surveyed for R365’s annual State of the Restaurant Industry report said they remain optimistic, preparing new locations and planning investments in front- and back-of-house technologies to speed and sustain growth. Read on to dig into the data and download the full report.
Predicted rise in food costs in 2024
Restaurants and bars account for 12.4 million employees, which marks a return to pre-pandemic levels for the first time.