We fielded a version of this question again in August with similar results: Where have you seen the most operator investment in 2021 so far? Please note: extension of loan terms often requires accruing interest to be paid later. Additionally, 12.04% of those surveyed felt upgrading technology was their biggest challenge at the end of 2020. In December 2020, 36.13% of rd+d readers felt state and local regulations were the biggest challenges their teams faced. The plant-based meat industry is on the rise, but challenges remain - CNBC Trust of the food handling process, delivery methods, and demand for contactless transactions became front and center for those using restaurants for home delivery. Restaurants and COVID-19: Challenges Affecting the Industry In the last week of March, many larger companies and concepts have aggressively and fully tapped their available credit lines to have enough liquidity to survive the coming weeks, when theyll need to pay employees, critical vendors, and insurance benefits. Thus, in addition to simply caring about their employees, owners have further incentive to work to maintain and help their staff. Some lenders have proactively worked with borrowers to temporarily defer payments and extend terms. Some restaurants were forced to pivot quickly to off-premise channels to deal with local business restrictions, changing menus toward a delivery focus. "The millennials love it, right? 60 Restaurant Industry Statistics and Trends for 2023 Industry News 15 Surprising Facts and Statistics About The Fast Food Industry Industry News Little-Known Facts About the Restaurant Industry 5 restaurant executives and insiders reveal the industry's biggest "Think about who we serve, who our team members are, and having access to a healthy flow of talent. "There's no doubt that delivery has its pain points.". 3 of the Biggest Issues Facing Restaurant and Hospitality Sectors industries Services people events insights about us careers Contact Us RFP Subscribe Client Portals industries services people events insights about us careers industries Aerospace & Defense Agribusiness Apparel Automotive & Dealer Services Communications & Media Construction The CEOs of Noodles & Co., TGI Fridays, and Panera all talked about issues related to workers, including rising wages and problems with retaining talent.

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