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Episode 73
March 06, 2023

2023 State of the Restaurant Industry

  • Karly McBride
Guest Speakers:
A new and positive normal is starting to take hold at restaurants across the country. In the 2023 State of the Restaurant Industry Report, nearly three in four restaurant operators say they are getting comfortable with their day-to-day operations and are focused on sustaining that growth in 2023.

There will still be challenges, such as supply chain delays, rising input costs, and inflation impacting everything from consumer spending to new capital. But there's also an opportunity to be nimble and employ new skills and tools to drive economic and employment growth.

This week, Hudson Riehle joins us to discuss the report findings and what to expect in the year ahead.

(02:44) - Transitioning out of the pandemic
(05:13) - Accommodating higher food and supply prices
(09:34) - Demand for in-house restaurant experiences
(14:32) - Successful operational trends
(19:22) - Workforce outlook for 2023
(21:59) - How the national economy could impact the industry
(24:01) - Shifting consumer demand for experiences over physical goods

2023 State of the Restaurant Industry Report

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