Emerging Technology in the Retail World
AI has made an impact on the evolution of emerging technology in the retail world. With the help of electricians, the shopping experience is becoming more personalized.
Read MoreLocal gathering places are taking their social responsibility as leaders in the community very seriously. For example, restaurants and bars are realizing how much support they give to local artists for live music. By hosting social gathering events and advertising local artists and small businesses.. [i] As life feels more sensitive than ever, consumers are finding ways to become healthier, save money, find their passions, and enact change within their communities.
As the restaurant industry continues to adapt and respond to what’s going on in our world. Menus, sharables , and price points are all factors that will change. The menu at The Spillover, a restaurant owned by Matthew Kuscher along with 7 other full-service concepts in Miami, included many shareables, but “when we reopen, we are remodeling the menu to the appetizer-entree-dessert format, focusing more on salads, sandwiches and entrees,” says Kuscher. “We are also thinking of doing $12 lunch specials from Monday to Friday. I’m not sure customers will casually choose a $15 burger in the future.” [iii]
Alcohol delivery from restaurants started as an experiment, but has flourished as consumers crave semblances of their old social habits throughout COVID-19. Regulations have temporarily been loosened in more than half of states, and this so called “experiment” seems to be going well from both a government and operator viewpoint. [iii]
Fortunately, with the way our world was heading pre-COVID, there were a handful of restaurants in larger cities with business plans already heading towards fast-casual and take-out-centric dining, allowing restaurants to continue doing business with minimal restructuring. However, businesses are still lacking overall due to less people being out in public in general and wondering how they will grow in the near future to keep employees employed and rent paid. [i]
Communities are banding together in support of the BLM Movement. They are realizing that not only does their business have to adjust to impacts of COVID, but also in matters related to injustices in restaurant industries. [i] It’s time to make a change, and it all starts locally within businesses and communities. They are putting in the work to share and shine a light on the racial injustices happening all around us.
As businesses begin to reopen and attempt to find a sense of normalcy, there are many factors that come into play. Not only is COVID-19 still very much affecting businesses all over the country, but throughout the last month communities have flipped strategies to support people of color and the huge impact the BLM Movement is having on all aspects of life.
Change is happening within our communities and as business owners, movers, and shakers within the local communities thriving on the support of consumers in the area, it is crucial to be aware of the change that is happening and be a leader of change. Head on over to the Rogers Electric blog to read more about our predictions in the Restaurant industry.