The National Restaurant Association's 2023 State of the Restaurant Industry report released recently suggests more growth, labor challenges and rising costs for operators. The report predicts the food service industry will reach $997 billion in sales in 2023, driven in part by higher menu prices. Meanwhi...
The first year of the COVID-19 pandemic saw the temporary closures of restaurants nationwide, prompting a decline in Food Away From Home Spending. Spending decreased at each of the nine types of food-away-from-home outlets measured in the USDA Economic Research Service’s Food Expenditure Series from 2019 to 2020. Alt
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New data from USDA's Economic Research Service shows restaurant transactions fell 47% in 2020, compared to 2019. In March of 2020, the federal government declared a national emergency in response to the Coronavirus pandemic. In response, many state and local governments implemented social distancing measures, stay-at-home orders, and the mandatory closure of businesses in high-risk industries
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The sheep and lamb industry saw prices reach historic levels in 2021. The year of outstanding domestic demand for lamb is summarized in the 2021 Sheep Industry Review. The report is funded by the lamb checkoff and put together by the American Sheep Industry Association
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When 2020 started, the restaurant industry was fairly optimistic. Owners were predicting they would see record sales in the year to come, at just under $900 billion. Obviously, that did not occur. Hudson Riehl with the National Restaurant Association said sales in 2020 only came to $659-billion, a drop of 27%
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In any kind of system, when things change, it's ideal for it to be flexible, to bend and not break and make a fast correction when needed. Agriculture Secretary Tom Vilsack said the farming industry found out during the pandemic that the U
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Restaurant menu price inflation hit a 39-year high last month as high costs for food and labor continue. Restaurant Business, a commercial foodservice industry publication, reports limited-service restaurant prices rose 7.9%, while full-service increased 6%
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Restaurants across the U.S. are feeling supply chain issues for their food products, all while also contending with issues around upgrading kitchen equipment. Restaurant Business reports it can sometimes take months to get equipment in the door, thanks to a backlog of imports that has left two dozen or more container ships waiting outside of U
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While much of the attention of the 2021 growing season has been on the drought and record heat of this summer, the Idaho Potato Commission is still trying to adjust to the problems left behind by 2020. Frank Muir, Executive Director of the Idaho Potato Commission said while some progress is being made to regain market share, a lot of work remains
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