Global Foodservice News
Brighter Outlook Seen for Global Poultry Market
While the global poultry industry has undergone several months of slow growth, according to a recent Rabobank report, improved demand and lower costs are expected to come in the fourth quarter of 2023 and in early 2024. Global poultry market growth in 2023 will likely only improve by 1.2% — well below the 2.5% historical…
Read MoreChicago Votes to Remove Tipped Minimum Wage
The Chicago City Council recently voted to remove the tipped minimum wage, marking a major win for workers’ rights advocates in the market. Currently, the city’s tipped minimum wage is $9.48, with gratuities making up the difference to the $15.80 minimum wage. As part of the new law, the tipped minimum wage will annually increase…
Read MoreDelivering innovation: Technology advances the restaurant industry
Taking orders at the drive-thru Technology is rapidly changing the way restaurants operate on-site, online, in corporate HQs, and throughout the supply chain. Restaurants of every size and style are adopting apps, software, robotics, and artificial intelligence to take on the tasks that take up time, freeing teams to focus on their core purpose: delivering…
Read MoreYooga wants its restaurant operating system to be ‘Toast of Latin America’
Yooga, developing a Brazil-based restaurant operation management system, raised its first institutional funding of $2.3 million in seed capital. The round was led by SaaSholic with participation by Gilgamesh, Apex Partners and Backfuture. Vinicius Melo, Victor Sortica, and Cassiano Guerra Fernandes co-founded the company in 2017 and bootstrapped Yooga for three years before taking $300,000…
Read MoreResy and Eater co-founder raises $24M for Blackbird, a restaurant loyalty platform
Blackbird Labs, a hospitality tech company whose platform helps restaurants stay in touch with guests and incentivize them to dine out more frequently today announced that it raised $24 million in a Series A round led by Andreessen Horowitz with participation from QED, Union Square Ventures, Shine, Variant and others, as well as restaurant groups…
Read MoreDenny’s names Pankaj Patra as chief digital and technology officer
New position will support the diner brand and Keke’s in IT Denny’s Corp. has named Pankaj Patra to the new position of chief digital and technology officer, the company said Friday. The Spartanburg, S.C.-based owner of the diner and Keke’s Breakfast Café brands said Patra will identify new technology solutions for its divisions and will…
Read MoreDomino’s is working with Microsoft to build a proprietary AI assistant
Microsoft Cloud and Azure OpenAI Service are collaborating to create a generative AI tool to improve customer experience and help with back-of-house tasks Domino’s announced Tuesday that the pizza chain is working with Microsoft to develop an in-house generative AI assistant to help automate some back-of-house tasks for employees and improve the ordering process on…
Read MoreGoogle Introduces Ad-Measurement Tool, Privacy Sandbox Forces Change
Google has built an ad-measurement tool that connects with marketers’ first-party data and is designed to work without browser cookies and other data tools that measure performance based on old methods. Google Ads Data Manager — the measurement tool announced Wednesday — will become available in Google Ads early next year. The product roadmap includes…
Read MoreTikTok helped revive the marketing jingle. Just don’t call it that.
Modern versions of brand anthems are “singles, not jingles,” one creative said. When you think of the most memorable advertising from the ’80s and ’90s, what comes to mind? We’d wager a bet that it’s a jingle—maybe dulcet tones from Stanley Steemer, promising to get your home cleaner, or a jaunty phone number sing-along for…
Read MoreSysco is Buying Equipment Supplier Edward Don
Sysco Corp. said it has agreed to buy restaurant supplier Edward Don & Co. with the intent of establishing a new operation focused on specialty equipment and supplies. The price and other transaction details were not disclosed. Edward Don sells and distributes a broad range of equipment, from ranges to rotisseries. It is also a…
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