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Top Stories - 12.24.2021

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Looking Back on 2021: The Role of Restaurant Technology in a Year of Gains, Setbacks and Continued Uncertainties

Looking Back on 2021: The Role of Restaurant Technology in a Year of Gains, Setbacks and Continued Uncertainties

According to estimates, nearly 90,000 restaurants in the United States alone have shut down since the pandemic began sweeping the world almost two years ago. Almost 6 million workers have lost their jobs while nearly half of all small restaurants continue to struggle to pay their rent, let alone turn a profit. With the surging Omicron variant posing yet further …
Future Meat Raises $347 Million to Produce Cultivated Meat as More Restaurants Add Plant-Based Dishes

Future Meat Raises $347 Million to Produce Cultivated Meat as More Restaurants Add Plant-Based Dishes

Future Meat Technologies has raised $347 million in Series B round of financing (reportedly, a $600 million valuation before money) in its quest to replace farmed animals with meat grown from cells. Future Meat expects its cell-based chicken to be sold in restaurants in the U.S. by the end of next year. The Israeli-based company, which launched only three years …
How Tech Will Help Restaurants Offset Labor Shortages, Reduce Inefficiencies and Tackle Other Challenges in 2022

How Tech Will Help Restaurants Offset Labor Shortages, Reduce Inefficiencies and Tackle Other Challenges in 2022

Restaurant operators once again find themselves refocusing priorities and altering their plans for 2022. A pandemic-induced and tumultuous 2020 for restaurants was followed by a puzzling 2021. Although sales are up from this time last year, so too, is the scramble to adequately staff restaurants and retain those workers. While many restaurants are offering hiring incentives like higher pay or …
Chipotle Unveils Its First Digital Kitchen Restaurant to Fulfill Orders for Pick Up and Delivery

Chipotle Unveils Its First Digital Kitchen Restaurant to Fulfill Orders for Pick Up and Delivery

Chipotle Mexican Grill, a longtime technology leader and innovator in the food industry, is set to open its first so-called Chipotlane Digital Kitchen restaurant.  The new prototype, located in in Cuyahoga Falls, Ohio, offers a Chipotlane and walk-up window for efficient digital order pickup. The digital-only restaurant is scheduled to open later this month. The Chipotlane Digital Kitchen footprint is …
Research: 30% of Restaurants Will Consolidate Tech Vendors While 39% Will Offer More Customized Online Ordering

Research: 30% of Restaurants Will Consolidate Tech Vendors While 39% Will Offer More Customized Online Ordering

To provide deeper insight into the current and future restaurant landscape, restaurant solution provider Popmenu conducted a nationwide survey of 415 U.S. restaurant owners/operators in October 2021. Despite continued curveballs, most restaurant owners/operators are feeling either very optimistic (30%) or cautiously optimistic (60%) about their outlook for 2022 as they implement strategies that will change experiences for both diners and …
UNION Raises $22 Million to Expand Its Restaurant Engagement and POS Platform

UNION Raises $22 Million to Expand Its Restaurant Engagement and POS Platform

Restaurant technology solution provider UNION has raised $22 million in an oversubscribed Series B funding round. The funds will reportedly be used to expand its offerings into all major US metro areas in 2022. The Austin-based company's technology is designed to help bars and restaurants increase revenues, mitigate staffing shortages, serve more customers safely and quickly, and create a more …

Mastercard to Acquire Restaurant Personalization Platform from McDonald’s

Mastercard to Acquire Restaurant Personalization Platform from McDonald’s
Mastercard has announced plans to acquire McDonald’s state-of-the-art personalization platform and decision engine company, Dynamic Yield. Dynamic Yield’s technology is a natural addition to Mastercard’s existing suite of services that help brands deliver more effective and trusted customer experiences across channels. Sitting across online and offline channels to personalize a consumer’s experience with a brand, Dynamic Yield delivers individualized product …

Interface Security Systems Shares its Networking Predictions for 2022 for the Restaurant Market

Interface Security Systems Shares its Networking Predictions for 2022 for the Restaurant Market
Interface Security Systems, a leading managed service provider delivering business security, managed network, UCaaS, and business intelligence solutions to distributed enterprises, has shared its networking predictions for the restaurant market. Network transformation will gain ground in spite of supply chain issues Restaurant brands were forced to pivot their business models and customer engagement strategies to tackle the disruptions during the …

Raising Cane’s Partners with CMX to Advance Its Restaurant Performance Programs in More Than 560 Locations

Raising Cane’s Partners with CMX to Advance Its Restaurant Performance Programs in More Than 560 Locations
CMX, a leading provider of cloud-based Enterprise Quality Management Software (EQMS), today announced that Raising Cane’s has chosen the CMX1 platform to advance their restaurant performance programs, elevate all aspects of brand standards and food safety, and take a holistic approach to operational excellence. The fast casual brand, which focuses on quality chicken finger meals, has deployed CMX1’s ActivityStudio and …

Restaurant Veteran Set to Disrupt Industry with Shifty, a Mobile Training App for Servers and Bartenders

Restaurant Veteran Set to Disrupt Industry with Shifty, a Mobile Training App for Servers and Bartenders
Beth Hussey, co-owner of Hazel, Ravines & Downtown, and successful restaurant entrepreneur who has developed 16 full-service restaurants from early stages to operation, announces Shifty, an innovative mobile training software application available on iOS and Android devices for servers and bartenders set to disrupt the restaurant industry. Derived from a proven, paper-based training method developed by the 30-year restaurant veteran, …

Spotlight Interview: Dickson Chu, CEO of Copper

Spotlight Interview: Dickson Chu, CEO of Copper
Dickson Chu is the CEO of Copper, a new pay-at-the-table system. As the story goes, Copper’s founder and CTO, Tobias Schneider, was at lunch with a few coworkers a few years ago when the inspiration for Copper emerged. The group had finished their meal and had to get back to the office. After waiting nearly 10 minutes to flag down …
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