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Financing

How restaurants are combatting multiple challenges

A Deeper Dive: Lance Trenary, CEO of Golden Corral, joins the podcast to talk about labor, supply chain and Congress’s failure to replenish the Restaurant Revitalization Fund.

What is the state of the restaurant industry this year?

This week’s episode of the Restaurant Business podcast A Deeper Dive features Lance Trenary, the CEO of Golden Corral and chairman of the National Restaurant Association, to discuss the general state of restaurants.

Trenary joined the podcast from the association’s recently completed show, the first one in three years. The show was held just days after Congress could not muster enough votes to approve a package that would have provided $40 billion in funding for the Restaurant Revitalization Fund.

Trenary talks about what that means for restaurants that had been counting on receiving their grants. He also talks about the numerous challenges facing the industry, notably soaring labor and supply chain costs, and what impact this is having on operators. Trenary also talks about how his own chain, Golden Corral, has been able to deal with these issues.

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