Shownotes
Hudson Riehle joined us back in May to paint a picture of what the data is saying about pandemic-induced restaurant closures. He’s back on this week’s episode of Order Up with some stark numbers: the industry is set to lose $240 billion and GDP will decrease this year by a staggering 8%.
It’s not all doom and gloom though! Hudson has some encouraging news about the technological shift that is helping to salvage industry losses. He also has some good news about the amount that families spend on restaurants in relation to their overall grocery bills. Tune in for more data and Hudson’s insights about what to expect next.
- (00:37) - The road to recovery
- (02:37) - Maintaining profitability
- (10:25) - Labor market challenges
- (15:43) - Supply chain inflation
- (20:27) - Closure counts
- (23:03) - Macro-economic trends
- (26:01) - Demand for services
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Podcast episode production by Dante32.