Episode 6 | 12/18/24
Episode Overview
Michael Halen, Senior Restaurant Analyst at Bloomberg Intelligence, and George Kalamaras, Sr. Market Research & Insights Manager at Libbey Glassware, share how suppliers of products and services to the restaurant industry can build more successful businesses by leveraging restaurant industry data.
Key Takeaways:
[Insight #1] – Data-Driven Supplier Strategies
- Suppliers are increasingly leveraging restaurant industry data to align their offerings with market demands. By analyzing trends and performance metrics, they can tailor products and services to better meet the needs of restaurant operators.
[Insight #2] – Enhancing Predictability and Growth
- Utilizing data allows suppliers to forecast demand more accurately and identify growth opportunities. This predictive approach helps optimize inventory, reduce waste, and improve overall efficiency.
[Insight #3] – Strengthening Partnerships with Operators
- Suppliers can become strategic partners to restaurant operators by sharing insights and data analyses. This collaboration fosters mutual growth and helps in addressing challenges proactively.
[Insight #4] – Adapting to Market Shifts
- The restaurant industry is dynamic, with changing consumer preferences and market conditions. Suppliers that stay informed through data are better positioned to adapt and innovate accordingly.
Mentioned in the Episode:
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