October 1, 2021 — Most U.S. restaurants are paying more for food, labor, and rent, according to a new survey, and a trade group representing the industry is concerned that the sector’s recovery will be pushed well into 2022.
The new National Restaurant Assocation survey found 91 percent of restaurant operators are paying more for food, 84 percent report higher labor costs, and 63 percent are paying higher occupancy costs. Additionally, 95 percent of restaurant operators said their restaurant experienced supply delays or shortages of key food or beverage items in the past three months. At the same time, restaurants’ profitability is down as 85 percent of operators reported smaller margins than before the pandemic.
Read the full story at SeafoodSource