Latest Industry News – Week of July 27th

Compeat Community,

Compeat is committed to doing all we can to help you stay informed with everything happening in the industry today.

We have aggregated industry data, tips and strategies in one place for you here and are providing our weekly newsletter below that also includes Compeat updates. We are here to help restaurants thrive today and going forward.

Compeat Reminders and Updates

We’re Hard at Work for You – The Latest Product Improvements

Another week of great product news! Prep Forecasting in Radar COGS can now be changed per location to allow for a 1-4 week look back at sales. If you have locations that have been closed or have had limited sales, you may consider changing adjusting the look back weeks as business picks back up for increased accuracy.

Forecasting

For any Radar customers who are not currently using COGS and are interested in adding it click here.

Webinar 8/12 at 1:00 PM CT: Why Being a Member of a GPO has Become a Best Practice for Restaurant Operators

Controlling Costs During COVID-19 More Important than Ever…

Operators are suddenly being asked to purchase a whole slew of new protection and sanitation products, plus add cleaning staff AND an increasingly large portion of their margins are being given to 3rd party delivery companies. It is time for Cost Control! Group Purchasing Organizations offer simple solutions for adding cash back to a restaurant’s bottom line through rebate programs, support funds and all kinds of technology offerings.

Reserve Your Seat

Compeat Coffee Chats – Advantage and Radar

As a result of the current COVID-19 crisis we know many of our customers are taking over responsibilities of other employees and may be unsure on how to do certain tasks in Compeat software. We also know all of our customers are craving a platform to discuss best practices and alternative operating strategies like some of the ones we’ve featured in this newsletter. If you’re a Compeat customer, sign up for the product webinar you use today. Space is limited!

Radar - August 18th at 11:00 AM CT

Advantage - August 19th at 11:00 AM CT

Alternative Operation Strategies

Restaurant Design in a Post COVID-19 World

As restaurants open back up for dine-in service, brands are scrambling to make stores feel as safe as possible, both for guests and employees. Many measures are being taken, like moving tables to create 6 feet of space between them, or adding barriers at ordering points. Most employees are wearing masks and gloves at all times, several stores are offering hand-sanitizer stations, and host stands are being moved outside. But all of these maneuvers, big and small, feel temporary. The situation begs the question: What long-term effect will COVID-19 have on restaurant operations and design?…

Lazy Dog Introduces Take-Home Americana TV Dinners

Compeat customer, Lazy Dog Restaurant & Bar, announced a new addition to its menu—classic Americana TV Dinners to take home. Lazy Dog will now offer six different take-home TV Dinners inspired by the convenient frozen meals that became a mainstay in busy American households in the 1950s. Lazy Dog’s TV Dinners are the perfect add on for guests who are looking for a delicious, restaurant-quality meal later in the week. All you have to do is pop Lazy Dog’s scratch made meals in the freezer until you’re ready to dig in…

Rent Negotiation Strategies for Restaurants during the Pandemic

Quick-service restaurant leases are predicated upon the restaurant doing a certain amount of volume and revenue. Unfortunately, no one could have anticipated the current scenario of having to operate while under social distancing and occupancy restrictions. Further, quick-service restaurants are also becoming increasingly dependent on third-party delivery services, which further encroach on profitability. Currently, numerous states are experiencing surges in COVID-19 cases, which indicates that these types of restrictions will not be lifted in the near term and such restrictions may even be increased as states consider pausing or rolling back their re-opening plans…

Restaurant Industry Insights

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What the New $1T HEALS Act Might Offer

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NRA Calls for more Federal Support for the Restaurant Industry

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Ghost Kitchens Could be a $1T Global Market by 2030

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Restaurants Doing Good 

McDonald’s Unveils Refreshed Values Aimed at Fighting Systemic Racism and Discrimination

As McDonald’s faces harsh criticism for lack of diversity among employees, allegations of systematic sexual harassment at some restaurants and union disapproval of its ability to keep employees safe during the COVID-19 crisis, CEO Chris Kempczinski unveiled Wednesday a series of “do the right thing” values inspired by the chain’s architects Ray Kroc and Fred Turner…

Inspire Hometown Heroes Launches to Nourish Healthcare Workers

During these challenging times, Inspire Brands, the Inspire Brands Foundation and our family of brands have responded to the global pandemic the best way we know how: by nourishing our communities. Since mid-March, our restaurants have provided more than $600,000 in in-kind food donations. And now, as part of our continued efforts to support those on the frontlines battling COVID-19, we’re proud to launch the Inspire Hometown Heroes program…


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