The restaurant industry, which until recently has relied on traditional processes, is currently undergoing a huge digital transformation with food and beverage establishments of all sizes adopting technology and innovative digital solutions. Against the backdrop of uncertain markets, record inflation, and the IMF forecastfor global growth to decelerate from 3% this year to 2.9% in 2024, well below the historical average, we know that eating out and going for a drink or leisure activity, what are considered luxuries to the majority of the population, will be the areas people cut back on to reduce their household expenditure.
Article - Restaurant Technology Trends to Watch in 2024 - With economic instability forecast for 2024 at least, an already struggling restauration sector will be forced into yet more spending cuts as consumers alike will be tightening their budgets. Tech can often be the solution for finding new ways to trim the fat from any business type. What s more, quality and experience will be key as customers will be less forgiving towards any bad experiences.