Resilient and Ready: Navigating Challenges in the Foodservice Industry
In an ever-changing economic landscape, the foodservice industry faces numerous challenges. From rising costs to shifting consumer preferences, operators must stay agile and prepared. The National Restaurant Association Show is here to help you weather any storm and emerge stronger than ever. Let's explore some of the pressing issues and how the 2025 Show can build your resiliency.
Economic Headwinds: Tariffs and Rising Costs
The U.S. economic forecast remains uncertain, with potential tariffs looming on the horizon. These could impact various aspects of the foodservice industry:
- Increased prices on Mexican produce, Canadian poultry, beef, and pork
- Higher costs for items in aluminum or steel cans
- Price hikes on kitchen equipment and parts
The National Restaurant Association estimates that tariffs could cost the U.S. industry up to $12.1 billion, potentially resulting in a 30% profit loss for an average independent operator. International businesses may also feel the effects.
Strategies to Stay Resilient
Diversify Your Vendor Network: The 2025 Show floor offers an excellent opportunity to connect with new suppliers and explore innovative products. Don't miss:
Enhance Your Negotiation Skills: Attend educational sessions like "Supply Chain Negotiations: How to Win Every Time" and "Fighting Inflation with Strong Partnerships" to maximize efficiency and ROI.
Adapting to Changing Consumer Behaviors
As inflation continues to impact spending habits, consumers are becoming more price-sensitive and value-conscious. Key trends to watch include:
- Emphasis on unique and entertaining dining experiences
- Growing demand for off-premises dining, especially among younger generations
- Increased focus on perceived value
Staying Competitive in a Changing Market
- Embrace Technology: Visit the TECH Pavilion to demo tools that enhance customer loyalty and improve off-premises dining experiences.
- Innovate Your Beverage Program: Explore the Beverage Room for new flavors and ideas to boost your offerings.
- Gain Expert Insights: Attend Marketing Matters education sessions such as "Daypart Dynamics: Understanding Consumer Behavior and Enhancing Guest Experience" and "Strategic Branding and PR: Driving ROI Through Emotional Connections and Quality Excellence."
Labor Challenges and Operational Efficiency
Tightening labor markets are leading to higher operating costs. To combat this:
- Efficient tools and solutions that free up staff for high-value tasks.Explore products on the Show floor in:
- The Kitchen Innovation Showroom where you can demo the 2025 KI Awardees which represent some of the most groundbreaking advancements in foodservice equipment and technology today.
- Network and Learn: Connect with fellow operators and industry experts to spark new ideas and reinvigorate your passion for the business.
- Best practices to create a stronger workforce and retain your best talent. Uncover insights in the Show’s Workforce Management education track. Can’t-miss sessions include:
A Brighter Forecast for Your Bottom Line
Leverage this opportunity to find more cost-effective solutions and ingredients. At the Show, you’ll meet new suppliers ready to help you maximize tight margins and industry leaders sharing expertise to future-proof your bottom line.
- Innovative products that exceed expectations such as tools that drive efficiency and valuable limited time menu items. Find solutions on the Show floor:
- The 2025 FABI Favorites and awardees spotlight food and beverage products that enhance profitability and streamline operations. Join dedicated tastings to experience these esteemed products first-hand.
- Game-changing education that helps you safeguard your business and prepare for the future. Learn from industry experts and successful operators covering topics such as:
Preparing for Whatever Comes Your Way
While economic uncertainty may cloud the horizon, the National Restaurant Association Show is your beacon of hope. By offering must-have solutions, strategies, and partnerships, the Show equips you to face any challenge head-on.
Remember, when we share solutions, we all rise. Join us at the 2025 National Restaurant Association Show to build your resilience, discover innovative products, and connect with a community that's ready to weather any storm together.
Don't let economic uncertainty cloud your future – be resilient and ready with the National Restaurant Association Show!