The foodservice industry has been confronted with a myriad of challenges in recent years, from the COVID-19 pandemic's disruption of supply chains to the rising cost of ingredients. The year 2022 was particularly difficult for restaurants, as they grappled with increased food costs amidst their recovery efforts. However, comparing the restaurant food cost in 2022 versus 2023, there was a significant increase.
On average, a small restaurants food costs increased by $200 per week over the summer months in 2023 over the same period in 2022. Several factors contribute to this upward trajectory. The most evident of these is the elevated inflation
rates globally. The rising cost of goods, particularly food items, is not isolated to the restaurant industry. Consumers in every sector are feeling the pinch as prices climb. For restaurants, this translates to more expensive procurement costs
for ingredients, which inevitably leads to higher menu prices.
Another contributing factor is the escalating fuel prices. The transportation of food items heavily depends on fuel. As such, any increase in fuel costs directly impacts the cost of food delivery to restaurants. This additional expense is often passed along to consumers in the form of higher meal prices.
Supply chain disruptions continue to be an issue as well. The global pandemic highlighted vulnerabilities in our supply chains, leading to shortages and increased costs for several commodities. Unless these issues are fully resolved, we can expect them to continue influencing food costs into 2024.
While 2022 presented its share of challenges regarding food costs in the restaurant industry, 2023-24 is likely to see a continuation of this trend. The combination of inflation, rising fuel and and ongoing supply chain issues are all factors contributing to the significant increase from 2022 to 2023 & 2024. As the restaurant industry continues to navigate these challenges, it is essential for businesses to explore innovative strategies to manage these increasing costs and maintain profitability.
One piece of equipment that can directly impact food cost in food service is vacuum sealing. When implemented correctly into an operation it will reduce food waste, prep time, deliveries and ability to buy in bulk and/or season. All this while keeping fresh and cooked products fresh for longer, never running out of product and keeping the kitchen team organized and ready for the unexpected.
Using a chamber vacuum sealer from @Henkelman on average will save you 20% in food costs per week. For a small restaurant that has $1,500 per week in food bill, that would be mean an 8-10 week pay back in the investment of a Henkelman.
To learn how your operation can reduce food cost visit… https://www.invacus.com/food-waste-impact-calculator
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