The Impact of Rising Food Costs: What’s Next for Menu Pricing
[vc_row][vc_column][vc_column_text] Increased Labor Costs Higher Ingredient Prices Due to Inflation Supply Chain Disruptions Cost of Goods Sold (COGS) - Why It Matters for Menu Pricing What is COGS? How to Calculate COGS Why COGS Is Important The Effect of Rising COGS on Menu Pricing Why Transparent Communication is Essential for Customer Satisfaction Saving on Food Costs In recent years, restaurant operators have grappled with various challenges, from inflation and labor costs to ongoing supply chain disruptions. As these pressures intensify, the rising cost of food has become a crucial issue, prompting restaurants to reassess their menu pricing strategies. Finding the balance between maintaining profitability and keeping customers satisfied has never been more important. Let’s examine the main drivers of rising food costs, explore how effectively managing the Cost of Goods Sold (COGS) can help, and offer strategic insights on adjusting
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