From the Challenges of Technology, Delivery and Labor Costs, to Sparse Growth Possibilities, the Restaurant Industry Faces a Defining Moment, Says AlixPartners Study

The restaurant industry is facing many challenges and threats. Many people would rather spend their money on other things such as travel. They are eating out less partially because of the rising costs. Technology is not a draw factor, but it may replace workers as wages rise. The AlixPartners study on the restaurant industry shows that growth will not be as strong as in the past. Some reasons touted for the poor performance include the focus on bringing prices down too much. There are a lot of factors though, which is why this should be studied more in depth.

Read more: From the Challenges of Technology, Delivery and Labor Costs, to Sparse Growth Possibilities, the Restaurant Industry Faces a Defining Moment, Says AlixPartners Study