We read about it in the news and you see it in grocery stores and restaurants: Food prices are hitting all-time highs. Driven by increased inflation rates from commodities like butter, eggs, pork and beef, year-to-date wholesale food prices are at their highest in three years, up 5.3% according to the National Restaurant Association’s Restaurant Performance Index. See video below for more details:
What can a restaurant operator do to curtail the effects of food inflation? Menu optimization and innovation can point to the items you want to sell. Play up lower-cost proteins like chicken or showcase in-season vegetables and fruits in your dishes to make the most of taste and value. Earlier this year we wrote about how you can use the versatile potato to your advantage in order to curb high food costs. And don’t forget your beverage menu: Aside from your usual sodas, consider offering coffee, tea and wine by the glass in order to maximize profits.
Looking for expert help with your menu optimization? Contact Synergy for more information.