Innovation Report: State of the Industry & 2023 Outlook

December 19, 2022 | Bounteous x Accolite
Innovation Report: State of the Industry & 2023 Outlook

In its 2022 State of the Restaurant Industry report, the National Restaurant Association found that supply delays, rising wholesale food prices, and staffing continued to pose significant challenges for restaurant operators this year. Additionally, more diners are staying home to save money due to inflation. Average monthly restaurant sales were down $1 billion YoY for the second quarter of 2022.

In 2023, restaurant guests will want value and convenience. Additionally, their craving for connection will continue to spur a return to on-premise dining—but only to a point. These factors are forcing restaurants into a post-pandemic reckoning.

In our December 2022 Innovation Report, “State of the Industry & 2023 Outlook,” you’ll learn:  

  • Why consumers continue to return to in-person dining 
  • The impact of inflation on consumer demand 
  • How restaurants can combat inflation 
  • Tech solutions to address labor and pricing challenges 
  • Where savvy restaurant operators are shifting their focus for 2023 

This research was compiled by the Bounteous restaurant and convenience strategy team.

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