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National Restaurant Association Forecasts Next Decade Changes

By December 24, 2019Top News

The National Restaurant Association said it expects the industry’s sales to reach $1.2 trillion by 2030. According to the Restaurant Industry 2030 Report, created along with American Express and Nestlé Professional, the association expects the industry to add another two million employees over the coming decade, with as many as 17.2 million people expected to be employed in a restaurant. “Restaurant owners are swiftly adapting across their businesses to meet the needs and wants of guests,” said Hudson Riehle, Senior Vice President of the association’s research and knowledge group, in a statement. “The radical transformation of the last decade will change the way the industry operates going forward.” The association expects that the definition of what constitutes a restaurant will continue to evolve with off-premise demand with virtual restaurants, subscription services, medical meals, drone delivery and grab-and-go retail locations, “bionic” back-of-house, cloud kitchens, delivery-only brands, as well as weather-related increased food costs shaping options in the next 10 years.

 

 

 

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