On the other hand, some investors may see opportunities in investing in restaurants during a recession, as distressed restaurant businesses may be available at a lower cost, and there may be less competition for prime real estate locations.
The QSR industry is undergoing a transformation driven by sustainability and health consciousness. Consumers are demanding healthier, sustainable, and environmentally friendly food choices.
One of the key benefits of responsible hospitality is its potential to boost profits. By adopting sustainable practices, businesses can reduce their operating costs by cutting down on waste and energy consumption, increase operational efficiency through improved resource management, and differentiate themselves from competitors in a crowded marketplace.
She was also of the view that MSME is a very vast category to build the budget around and it should be bifurcated according to industries so that not only one but all industries benefit from the govt offerings.
There were some unforeseen culinary themes that did well during the year, and 2023 will be no exception. As we look ahead to the coming year, travelling, climate-friendly dining and healthy eating will strongly influence some of 2023's hottest trends in food.
Many people who did cloud kitchens as a means of survival are now witnessing fewer orders or are not looking at expanding those kitchens and are back to expanding physical outlets.?
The food delivery services were a blessing in disguise for most homes during the pandemic and the industry saw a massive surge in the usage of these services.
According to industry insider, due to the shortage of high quality premium tea supply in India, branded tea marketing companies are forced to buy premium tea from Kenya and Sri Lanka at a very high 100 percent import duty.