Restaurant industry struggles to recover
The National Restaurant Association reports that the restaurant industry is in worse shape than it was three months ago. The survey data released on Wednesday, 78% of restaurant operators say that they have seen a decline in customers in recent weeks due to concerns over the Delta variant. This decline of customers combined with the rising costs of food has slashed the thin margins for the industry. Another factor that weighs in is the ongoing labor shortage in the country. 91% of restaurants said that they now pay more for food items and 84% responded that they have labor costs due to the staffing and labor shortage. Restaurants find it hard to keep up with incoming demands with fewer workers.
71% of restaurants said that they are currently understaffed and nearly every restaurant responded that they experienced supply delays and shortages of key food and beverage items delivered to them. The executive vice president of public affairs for the National Restaurant Association Sean Kennedy said that the nation's restaurant industry is officially moving in reverse. The association predicts that the recovery for restaurant businesses will go well into 2022. The group has also reached out to Congress to allot more funds to refresh the tapped-out Restaurant Revitalization Fund.
Source: CNN
71% of restaurants said that they are currently understaffed and nearly every restaurant responded that they experienced supply delays and shortages of key food and beverage items delivered to them. The executive vice president of public affairs for the National Restaurant Association Sean Kennedy said that the nation's restaurant industry is officially moving in reverse. The association predicts that the recovery for restaurant businesses will go well into 2022. The group has also reached out to Congress to allot more funds to refresh the tapped-out Restaurant Revitalization Fund.
Source: CNN
Category
Job Descriptions
Relationship Management
Overtime Eligibility &
Parental Leave
Business Acumen
Privacy
Flexible Spending Account
Electronic Records Management
HR Careers
Work Visas
Time Worked
Affirmative Action
Retention
Religion & Spirituality
Overtime Pay
Ethical Practice
Learning & Development
Family & Medical Leave
Artificial Intelligence
Leave Management
What it is like to work in?
Gender Identity
Talent Acquisition
Organizational Structure
Business Continuity
Educational Assistance
Retirement & Recognitions
Ethnicity
Mental Wellness
Whistleblowing
Guides
Organization & Employee Development
Employee Surveys
Wellness Benefits
Fiduciary Duty
Change Management
Global Mindset
Promotion
Communication
Cybersecurity
Emergency Response
Workforce Planning
Eligibility Verification (I-9)
Communicable Diseases
Opening & Closing
Mentoring & Coaching
Employment Branding
Inclusion, Equity & Diversity
Employment Law & Compliance
Do's & Don'ts
Tags
Article
Tips for Staffing Agencies to Create a Competitive Advantage
Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...
A complete breakdown of the US Commercial Drivers Licenses
In the United States of America to operate any type of large automobile, you need a license. This i ...
Millennials Care About These 8 Things at Their Workplace - Are Your Offering Those?
Millennials are considered to be social people, who live by the ‘work hard play hard’ mantra and ar ...
Nursing Job Openings
It’s no secret that the healthcare sector has been reigning in all its powers over the years, parti ...
Comments