facebook pixal

food costs

Technology

How Taco Bell and KFC are using technology to lower their food costs

The fast-food restaurant chains are using artificial intelligence to make their weekly supply orders, which is designed to increase accuracy and cut back on food waste.

Operations

With costs and guest expectations rising, operators are forced to do more with less

Smarter sourcing, menu and labor management, coupled with tech advancements, are working to improve front- and back-of-house efficiencies and the customer experience.

More restaurants are finding new and innovative ways to cross-utilize ingredients in their kitchens. Operators say it promotes creativity while lowering food costs. And consumers are increasingly demanding it.

Chicken wing supplies and prices are back to pre-COVID or better levels, and operators are reaping the rewards and passing value on to consumers.

The Bottom Line: Producer prices for food declined more than 1% last month, though eggs and beef were up. And restaurant sales declined.

Do they share the pain with patrons or sacrifice margin to spare guests from unpleasant surprises?

Both high-end restaurants and more casual concepts are finding some relief in more limited menus with set prices.

Current costs and supply are favorable, giving chicken concepts a reason to celebrate after steady price increases. But the year ahead may bring changes.

More acquisitions, slowing food costs, omnichannel business models and evolving loyalty programs all featured prominently in operators’ presentations during the three-day event in Orlando.

The daytime dining brand has held the line on pricing and refused to trim its hours or menu. The focus will be on raising the profits of new units.

  • Page 1