The COVID-19 pandemic has hit many industries hard, particularly the socially-oriented ones such as restaurant dining. The urgent need for social distancing to avoid spreading the virus is driving people to stay home and causing mandatory closing of dine-in facilities in many areas. Restaurants are now analyzing their business to find ways to survive and thrive during this change in consumer behavior. With the sharp declines in dine-in sales, maintaining profitability is a real concern. Keeping costs down and optimized is crucial, and now is the time to consider your options. Here are some strategies for reducing your expenses during COVID-19.
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Sustainability—avoidance of the depletion of natural resources in order to maintain an ecological balance—has acquired increasing attention since the modern environmental movement started in the 1970s. Sustainability isn’t just good for the Earth, it’s good for business: more than 90% of CEOs believe that sustainability is important to the success of their company—and restaurants are no exception. According to the National Restaurant Association’s 2019 State of the Restaurant Industry report, 3 out of 4 restaurant operators said that customers are more interested in environmentally-sustainable menu items than they were two years ago.