Restaurant Industry Challenges: Price Increases are on the Menu
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Join our panel of restaurant executives and industry experts as they discuss some of the hottest topics affecting the restaurant industry today.
Why you should attend.
- Hear our panel of experts discuss key strategies for successfully navigating the pressures the industry is facing today
- Gain insights on how to deal with new challenges such as steep food and labor cost inflation
- Discover how the fast-casual restaurant, Tender Greens, is handling these new challenges with great success
- Have your questions answered during our Q&A
About this course:
The restaurant sales recovery is in full swing, but the industry is already facing its next challenge, steep food and labor cost inflation. While the Federal Reserve insists inflation is temporary, investors aren’t so sure. Price increases are a critical piece in the profitability puzzle for restaurants but must be approached strategically. The pandemic reshaped trade-areas, consumer habits and boosted buying power for some communities while depressing it for others. Understanding this dynamic around each restaurant is the key to unlocking the localized pricing power, which is critical in maintaining the balance between profitability and value perception. Please join UCLA Extension as we host Lina O’Connor, Mike Halen and Mike Lukianoff to discuss the inflation pressures the restaurant industry is facing and how pricing strategy can be best implemented to address it.Contact Us
Speak to a program representative. Hours: Mon-Fri, 8am-5pm.
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