Have Amazon Go and UberEats Become a Threat to Restaurant Operators?

Operators have always had to compete in the market with other concepts, but in today's market, there are a new set of power players ready to steal your customers.

Enter Amazon.

Amazon, like the fast casual segment, is catering to the on-the-go consumer with its cashier-less Amazon Go stores, many of which offer grab-and-go food options. These stores have become the most popular during the workweek, especially at lunchtime.

We recently analyzed the aggressive move Amazon is making in the foodservice industry. Listen to this episode of The Barron Report for more insights on if fast casual restaurants can survive this threat.

But there is one advantage that restaurants, namely fast casual restaurants, have over the Amazon Go stores– many have embraced the plant-based movement. According to Foodable Labs data, today's foodies can't get enough of these plant-based menu items.

Don’t miss our video breaking down this data about the plant-based movement below.

Amazon isn't the only threat operators need to be worried about. There is another shark circling to take a bite out of your business.

Third-party delivery services emerged as a solution that many operators desperately needed.

Since offering delivery has quickly become a guests' expectation, an operator has two options. One is to invest in significant funding to build a delivery program. However, this is easier said than done. It entails creating a system, investing in a platform to process these orders, hiring more staff to handle take-out and delivery orders, and then hiring reliable drivers to deliver these orders.

Or an operator can simply partner with a third-party delivery service, which eliminates most of the headaches. When you consider the operational and logistical challenges of offering delivery, its no wonder that operators across the country have decided to go the route of partnering with a third-party delivery service.

But now this has created a new problem.

One of the most popular delivery services out there is now UberEats. This company has quickly conquered the market. UberEats is currently offering food delivery for 50 percent of the U.S. population and has the lofty goal of serving 70 percent of the U.S. population by the end of this year.

As UberEats becomes more popular, the more the fees increase for the participating restaurants. Could this be correlated to the increase in restaurant closings?

Listen to the podcast above as The Barron Report host Paul Barron explains the data showing that third-party delivery growth may be tied to restaurant failures.

Walmart's Blockchain Technology Can Give Consumers Product Traceability

You’ve probably heard about blockchain as it was initially developed for, the cryptocurrency Bitcoin. But now the technology in the cryptocurrency context is being developed for the foodservice industry.

Blockchain, as defined by Investopedia is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Most recently, in the food service space, blockchain can be seen used by Walmart and Sam’s Club. The grocery giant has been working closely with IBM to create a digitized handheld system that will allow farmers to give consumers full traceability with a produce product.

The blockchain technology is currently open to those in Walmart’s leafy green food supply chain, in an attempt to ease concern with recent outbreaks in lettuce.

The system will be used to report to stakeholders where a particular head of lettuce came from, during what harvest, and on what particular farm. Allowing government investigators to have a clearer investigation if a consumer gets sick. As opposed to tracking down the tainted lettuce for days, they can find the source within seconds, ideally meaning less wasted produce, less sick people and boosting confidence in the food system.

Will blockchain technology transform the food industry? Learn more in the video above and read more at “Forbes”!

Chef-Quality CBD Infusions Connect Cannabis to the Foodservice Industry

With the cannabis industry booming across the nation, CBD has made its way onto menus as an infusion that can be added into coffee, cocktails, and more.

On this episode of The Barron Report, Paul Barron speaks with CEO, Kim Sanchez Rael and Chief Creative Officer, Ron Silver of Azuca, a company with a unique technology to create fast-acting cannabis edibles, sugar, and syrups made from chef-quality, all-natural ingredients. The three discuss how the company came to be, the latest CBD trends, and the future for cannabis in the foodservice industry.

Listen to this episode of The Barron Report for more insights on how CBD is making an impact in the foodservice industry.

SHOW NOTES

  • 12:52 What is the product's market?

  • 15:56 The speed at which the CBD Market is changing

  • 18:01 Expanding the products Market

  • 20:11 How to Measure CBD in Products?

  • 23:06 What is a CBD Product’s Expiration period?

  • 24:32 CBD Market Growth


  • 01:38 What is CBD?

  • 03:34 Serial Entrepreneur Shifts to Foodservice & Wellness

  • 05:02 Introducing CBD Products to the Food Service Industry

  • 06:42 Connecting Cannabis to the Food Industry

  • 09:06 Fast Acting and Controllable Dosing

  • 10:50 Industry Response to the Products

 
 

Bar Technology Solves for Over Pouring and Keeping Up With Consumer Trends

Managing a successful bar may look easy, but there really is more to it than pouring drinks. The pressure isn’t just on the cocktail selections and beer list either. You need to factor in the latest trends to stay relevant and frequented. Social media and technology can make or break a business, so Foodable researched some of the latest bar technology to help keep you afloat.

Ultrasound Technology

While it sounds like something that belongs in a doctor’s office, it’s actually the newest way to prevent your bartenders from over pouring liquor. Products like pourers and stoppers that can compute the amount of alcohol consumed. Not only will you prevent over pouring, you’ll have better visibility for when it’s time to restock.

Self-Pour Technology

According to PourMyBeer, giving away free samples, along with over pouring can cost your bar about $142 of profit loss for each tapped keg. The use of a self-pour machine can help decrease profit loss by charging guests by every ounce poured, whether tasting a few varieties or enjoying  a pint.

Automation/ Robotic Bartenders

Pizza companies aren’t the only ones who are seeing the addition of robots to their staff. If your bar is struggling to keep up with wait time, or trying to attract Gen Z and Millennials, robot bartenders might be something worth to consider.

Virtual Reality

According to SuperDataResearch, virtual reality is projected to reach 37.7 billion USD in revenue by 2020. It may be a foreign concept for a bar, but is certainly a great way to entertain guests.

To learn more about the use of technology in bars and what companies are creating the latest innovations watch the video above.

Artificial Intelligence Is Primed To Drive Economic Growth In Food Service

In this episode of The Takeout Delivery and Catering Show, Valerie and Erle talk with Ted Cohn, Co-Founder, and CTO at Orderscape Inc, to talk about AI in food service. AI is predicted to be a major player in economic growth over the next decade in food service.

“56 percent of consumers today are ready to order meals using voice…” Says Cohn.

In today’s ever-changing technological landscape it is important to be on top of where the technology is today and where it will be in the future. Your customers are adopting faster than you are and you do not want to be playing catch-up.

SHOW NOTES

  • 01:49 - Why is it important for operators to get out in-front of this technology?

  • 04:57 - Ted Cohn, Co-Founder, and CTO at Orderscape Inc, welcome to the show!

  • 07:28 - Why is voice so important right now?

  • 13:48 - How does this impact operators?

  • 17:33 - How will A.I. drive economic growth?

  • 24:49 - Can A.I. learn your customer?

  • 26:35 - Tell us about some of the success stories.

 

This episode brought to you by: