As a result of rising global inflation, many UK businesses—including the hospitality sector—are facing increased costs. We are feeling the effects of a fuel crisis, which has driven up utility costs and led to weekly notifications from suppliers about price increases. Also, Ukraine's conflict with Russia is restricting grain exports by that country—a significant supplier of sunflower oil (also used in biodiesel). As economic conditions continue to change, businesses must focus on cost controls and sound purchasing practices.
As the hospitality industry continues to evolve, restaurants need to keep up with the latest technology to stay competitive. StockTake Online restaurant management software is here to help restaurateurs plan for 2023-2024 and beyond.
The hospitality industry has changed drastically over the past few years, and this change has affected the way restaurants/bars operate their businesses. The hospitality industry requires businesses to have social media presence if they wish to stay competitive in today’s marketplace.
As hospitality venues look ahead to the new year and start to plan for 2023-24, one of the most important considerations should be inventory management. Having an efficient system in place to track and manage inventoryis essential for any successful hospitality business.
