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31% of Restaurants Use This Tech to Beat Rising Food Costs
29May
31% of Restaurants Use This Tech to Beat Rising Food Costs
With average food costs up more than 20%, the demand for pricing precision has never been greater. Despite the urgent need for transparency in pricing, foodservice operators continue to struggle with challenges in cost management, including: Billing Errors Pricing Discrepancies Negative Impacts on Operational Costs However, the burden of manual price verification and invoice management...
Beyond The Table: Should Your Restaurant Venture into the Retail Sector?
10Nov
Beyond The Table: Should Your Restaurant Venture into the Retail Sector?
In recent years, it has become increasingly common for restaurants to extend their brand beyond the walls of their establishment and into the aisles of retail grocery stores. From sauces and dressings to frozen entrees and snack items, restaurants are finding new ways to capitalize on their brand recognition and expand their revenue streams. While...
Back Office Tech Stack for Foodservice
10Nov
Back Office Tech Stack for Foodservice
The Newest Offering from Buyers Edge Platform is a Game Changer!   Back Office automation for the foodservice industry offers enhanced efficiency and improved accuracy by streamlining various processes, including accounting, AP automation, payroll, and food cost management. With continually shrinking profit margins, it’s imperative to reduce human error, maximize all cost-saving avenues, and eliminate...
Introducing a New Menu Strategizing Tool Changing the Restaurant Industry
12May
Introducing a New Menu Strategizing Tool Changing the Restaurant Industry
With F&B Insights you can search nationally or regionally to suit your specific needs and receive updates when targeted competitors update their menu prices. Long gone are the days of exhaustive, manual research – meet the AI-driven menu market intelligence system. Menu engineering, streamlining, cross-product utilization, and competitive pricing all plays a part in overall...
Sundell & Associates Offers Supply Chain Management Expertise
10May
Sundell & Associates Offers Supply Chain Management Expertise
As the foodservice industry continues to grow and evolve, it has become increasingly important for businesses to have a reliable supply chain management system in place. From sourcing ingredients to managing logistics, supply chain management plays a crucial role in ensuring that foodservice businesses can operate efficiently and effectively. That’s where Sundell & Associates comes...
Restaurant and Hospitality Industry: Announcing “EBITDA-PSS”
30Mar
Restaurant and Hospitality Industry: Announcing “EBITDA-PSS”
It’s hard to believe Q1 2023 is upon us. Meetings are occurring and operators are seeking higher earnings or facing budget cuts. In an industry that’s on the heels of a pandemic, facing an era of constantly changing dining preferences, and where year over year growth is required, it’s easy to find yourself seeking revenue...
Consumer Demand Drives Plant-Based $24.8 Billion Dollar Projection
10Mar
Consumer Demand Drives Plant-Based $24.8 Billion Dollar Projection
In 2019 Beyond Meat® catapulted itself to make history as one of the largest IPO pops since 2000 for companies raising more than $200M. Fast forward to March 10, 2023 – shares are hovering around $16.75, which is higher than its 52-week low of $11.03 but also sits near 92% below it’s all time high...
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Copyright 2024 Sundell & Associates. All rights reserved.