How is the restaurant industry dealing with the difficult operating environment?
This week’s episode of the Restaurant Business podcast A Deeper Dive features an interview with Michelle Korsmo, who took over as CEO of the National Restaurant Association in May.
Korsmo discusses her career to date. She has worked in public policy at the state and federal levels and most recently was chief executive of the Wine and Spirits Wholesalers of America before taking over the top post at the association.
Korsmo discusses the state of the industry at the moment. And she talks about the Restaurant Revitalization Fund, and why the U.S. Small Business Administration is sitting on $180 million in leftover funding. The SBA may release those funds. She also talks about balancing the needs of those small restaurants with those of large chains. There is also a discussion on so-called “shrinkflation.”
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