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artandmer

McDonald's Latest Drive-Thru Innovation Could Soon Be Added to More Locations - 0 views

  • continues testing a new AI-based technology system that would cut workers out of the order-taking portion of your visit.
  • McDonald's started testing a voice recognition system at 24 drive-thrus in the Chicago area
  • But the advanced technology, which would enable a computer to take customers' orders, is far from perfect. In order for the chain to make wider use of AI, the system needs to improve accuracy from the current low 80% to the 95%-plus range.
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  • "One vendor, Presto, claims its voice ordering is about 95% accurate, can generate a 20-second improvement in throughput, and reduce labor by nine hours per day,"
  • there's a big leap from going to 10 restaurants in Chicago to 14,000 restaurants across the U.S
  • many other fast-food and restaurant chains have also been making strides in the way of automation to improve efficiency and cut down on labor costs.
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    AI continues to evolve in fast food locations. McDonalds is piloting voice recognition systems in their drive thrus hoping to hit their 95% accuracy benchmark before deciding whether to roll this out to 14,000 McDonalds locations. The technology is improving ordering processing on average by 20 seconds per order and could reduce human labor hours by 9 hours per day.
Allen Lok

McDonald's Corp. debuts new packaging featuring QR codes | Latest Headlines content fro... - 0 views

  • McDonald’s Corp. will replace all carryout bags and fountain drink cups with new packaging featuring quick-response, or QR, codes, to convey nutritional information for its food.
  • Text of the caloric and nutritional disclosures will be translated into 18 languages.
  • QR codes broaden access to McDonald’s nutritional information by pulling up specific online content on a smartphone Web browser once the user snaps a photo of the code with the phone’s camera.
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    Mc Donalds is now taking another step towards technology use and providing nutritional information via QR codes. Customers can scan a QR code located on their bag and be directed to a web site that list the nutritional content of their food. This is another way McDonalds is "trying" to be more health conscious with its customers and the meals that they serve. Way to go McD's. I think this technology is beneficial in several ways: 1- the obvious of providing customers with needed nutritional information 2- it is more convenient as it allows the company to make changes to the menu items and update nutritional information without having to reprint all the associated materials 3- possible marketing opportunity to print QR codes to win prizes As a side tip I think other companies should embrace this technology and instead print the QR code on the customer receipt with data corresponding to only items they ordered.
dyaniroberts

McDonald's Announces a Major Investment in Restaurant Technology - Linga POS - 1 views

  • McDonald’s noticed a juicy opportunity to upgrade their drive-thru technology, which drives 70% of their business, and swiftly bought the group that makes the AI software.
  • Golden Arched giant and its franchisees to increase average check, cash flow and quickness of service.
  • Self-service kiosks are also making their way into the spotlight and have been warmly welcomed by customers everywhere.  The most attractive aspect is that new cloud-based POS systems are able to be updated with a press of a button, and no restaurant downtime.
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  • As casual-dining and fast-casual chains are quickly finding ways to add value and enhance customer experience, ordering your favorite restaurant meals is becoming easier. This is mainly due to the advent of online ordering apps, which have allowed more businesses a way to offer timely and affordable delivery options to their hungry customers.
  • The nations biggest quick-service chains have noticed the changes and are investing heavily to take advantage. “Technology is playing a bigger and bigger role in the restaurant industry,”
  • In the past, the ability of large fast-food chains to make these investments has given them a bigger sales edge over smaller quick-service companies.
  • A rise in upgraded POS options and features has encouraged many business owners to invest in technology in order to keep up with the competition.
  • The good news is that with restaurant technology developing so quickly many of these new features are going to be accessible
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    Unattended POS systems in fast food restaurants like McDonalds can significantly improve their efficiency and remove the pressure from their staff. Restaurants like these are often short staffed. They feel significant impact when they do not have enough staff to support the amount of business that comes through their doors. The cashier often will have to assist in making orders as well, causing a further delay in the line. Adding this and their new drive through initiative, McDonalds will be able to maximize profit, produce more orders in one day and keep their customers waiting minimal amounts of time.
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    This article focuses on the enhanced technology that fast food chains such as McDonald's are embracing to enhance their service and increase their productivity. An example of this is the self-service kiosks that many McDonald's have installed inside their restaurants. Consumers have adapted well to this technology because data shows that this has increased revenue over time, therefore proving how the unattended POS technology is helping companies be more cost efficient and increase sales.
Nelson Placa

IATA & GDS Companies Butt Heads - 1 views

  • IATA waded into the controversy over the optimal method of distributing ancillary products, claiming that GDSs “are unable to handle the rapidly increasing range of product offerings from airlines.” In an article in its Airlines International magazine, IATA said that “a GDS screen today looks much like a screen from the 1970s.” The article included lengthy quotes from Montie Brewer, former chief executive officer of Air Canada and a long-time critic of GDSs.
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    In this article, Michele McDonald describes how the IATA Organization which represents thousands of travel agents across the world and GDS Companies are butting head over merchandising capabilities with GDS systems. Travel Agents are starting to feel the impact of technology with GDS systems. The IATA organization describes today's GDS screen much like a screen from the 1970's. The IATA members' main concern is the capability of the system; Brewer a member of the advisory board of Everbread, an air fare shopping company explains how airlines and consumers are becoming more sophisticated with technology and with the outdated GDS's systems consumer trends are being hindered. The major GDS's companies do not agree with the IATA organization, they feel that their systems are adequately able to perform the role. Should GDS's companies switch to more web-based systems allowing travel agents to perform their roles more efficiently? This is probably a question that Sabre, Amadeus, and other companies should keep in mind as technology continues to advance. I also feel that both the airlines and GDS's companies should partner with the workforce; the travel agents who are the frontline to determine what things should be updated if needed.
Chris Cardoso

Restaurant Social Media Index on Facebook, Twitter - 0 views

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    This article is a little old in the 3Q 2012 information, hover the overall scope is what was poignant. Last year, Facebook reached 1billion users, 20% of which (200 million) where fans of just 49 restaurant brands. This shows that, those who are using the social media properly are gaining the benefits of marketing. The Restaurant Social Media Index (RSMI) tracks brand social media through Influence, Sentiment and Engagement. At the time the top five brands were McDonalds, Subway, Starbucks, Chic-fil-A, and Buffalo Wild Wings. Now, the top five are Chipotle, Wendy's, Taco Bell, Starbucks and McDonalds. The top trend in Emarketing, based on RSMI is that social and mobile are displacing emails as the main way to reach customers.
danalbert

How Apple may have ended the retail point-of-sale data breach crisis - GeekWire - 0 views

  • The mag stripe technology in credit cards dates from the 1960s; the POS systems that process them are using technology from the 1990s (at best). By contrast, attackers are using 2010s technology. The POS infrastructure is just outgunned and it’s now its falling.
  • By including Apple Pay capabilities on all new iPhones moving forward, Apple has overnight solved one half of the bootstrapping problem.
  • In a single day, Apple may have changed how we pay for things for good, and helped us bring the retail POS data breach crisis to a close in the long term. And in so doing, they may have also saved all of us from the hassle of “chip and pin.”
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    As iPhone 6s begin shipping to pre-order purchasers tonight, this article is very timely for retailers everywhere. Apple already has the support of the big three credit card companies (Visa, Mastercard, and American Express) covering 83% of all credit cards out there. They also have buy in from a variety of companies including: Disney, Subway, McDonalds, Walgreens and many more. 220,000 stores are already ready to accept contactless payments . The system uses a combination of hardware, software and biometrics to keep the transactions secure. No actual card data ever leaves the phone. All transactions have unique codes and store personnel never get their hands on a card. Apple may have finally broken the code to making shopping easier and more secure.
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    Apple Pay is going to solve so many issues when it comes to security and fraud. By using biometrics it will be nearly impossible for people to use credit cards that are not theirs. Disney is already set up to start using Apple Pay and it will be so interesting to see how guests react to using this method of payment. Although we already use biometrics when guests enter the main entrance of our theme parks at Disney the idea of giving biometric information has not appealed to all of our guests. Biometrics are something many companies will be using in the future as an extra step in security and it will be essential that people adjust to this change.
ggara004

Addressing the Online and In-House Restaurant Guest Experience in 2020 | Hospitality Te... - 0 views

  • Industry experts have been looking ahead at what needs to happen with the restaurant guest experience in 2020
  • Online ordering is one of the biggest and most coveted conveniences in the industry this year. The restaurants that make ordering as convenient as possible are the restaurants that are going to be the most successful in 2020
  • Restaurants that utilize an online ordering system are able to grow their delivery revenue 30% more than those that do not
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  • What the
  • se statistics tell us is that customers don’t just want a way to order online and get food delivered. They want a convenient, intuitive system that can make the entire process easier
  • We are in the digital days, which means doing anything analog is going to be more challenging than it used to be. This includes getting customers into your physical restaurants
  • 25% of restaurant customers have used a self-ordering kiosk within the past three months—up 7% year-over-year
  • More than 65% of customers said they would visit a restaurant more often if self-service kiosks were offered
  • 30% of customers prefer to order from a kiosk vs. a cashier if the lines were of equal length
  • Kiosks streamline the ordering process to reduce wait times. They increase accuracy by sending orders directly from the customer to the kitchen staff without requiring anyone to serve as the messenger. They improve the speed of service by cutting out additional steps between when an order is placed and when it goes into the queue. All of this helps to improve the customer experience, and boost your profits at the same time
  • Downtime means that y
  • ou can lose out on sales and irritate your customers both now AND in the future. This isn’t a risk that restauranteurs can take in a competitive market
  • In order to beat your competitors, you must offer an experience that provides more value, takes less time, and requires less effort. Fortunately, this is easy to do with the right technology at your disposal
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    This articles refers to the restaurant industry and how technology has helped it enhance the customer experience moving forward. For example, it touches on topics such as mobile and online ordering, in-house experience, and internet connectivity. The most interesting point was the topic of self-service as part of the in-restaurant experience. It refers to data of how a customer would prefer to use a self-ordering kiosk if it were offered. More fast food restaurants like McDonalds and Taco Bell seem to be embracing the unattended POS, which per the article appears to be a growing trend.
xrive007

McDonald?s beacon strategy pushes in-store conversion rate to 20pc | Marketing Dive - 0 views

  • beacon-enabled promotions to customers within its venues via a mobile application, resulting in a conversion rate of 20 percent.
  • enhance its personal relationships with customers as well as increase awareness of a new line of coffee-flavored beverages
  • surprise and delight our customers not only with great food at a reasonable price, but also by enhancing their shopping experience using new technologies
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  • the brand seeing 30 percent of users who received the promotion using it more than once.
  • make it possible for us to see the conversion rate of a visit
  • loyalty app, to reach those fans and deliver relevant offers.
  • Proximity marketing was selected to build in-depth relationships with our customers and to introduce to them our new set of coffee products
  • it?s important to send relevant offers to users and not just spam them
  • Each time a Shopping Genie user entered the beacon-enhanced premises, he or she would receive a mobile coupon prompting them to purchase one coffee and receive a beverage from the new drink line for free.
  • tailor users? promotions to their pre-selected likes.
  • easily able to measure conversion rates, as well as consumers? interest in the new products.
  • also able to deduce which customers did not use their offer
  • able to pinpoint that 20 percent of the loyalty app?s users identified themselves as interested in receiving the types of offers that McDonald?s was testing, while 30 percent who received a promotion used the offer more than once.
  • This aided the brand in figuring out which consumers were repeat customers, in addition to when and where they walked in from.
  • they wanted to advertise a product that they had just introduced, and they used beacons to identify customers who were at the point of purchase and change their behavior
ecast038

The Truth About Self-Serve Kiosks At Fast Food Restaurants - 0 views

  • self-serve technology is not only making fast food service more efficient, but also subtly changing customer behavior. Namely, it is encouraging people to spend more
  • elf-serve kiosks increase customer spending, on average, by 20%, and this figure is borne out by data presented in a 2015 Harvard Business Review article. According to the review, major chains, including Taco Bell, McDonald's, and Chilis have all reported self-serve kiosks generating larger sales than in-person ordering, usually by a margin of 20%. In one instance, McDonald's even saw sales increase by as much as 30%.
  • On the one hand, standard industry practices such as "upselling" (promoting premium goods, add-ons, and customization) are programmed right into the machines. Human cashiers may neglect to upsell, but self-serve kiosks can't help but do so (via FoodTec). Given the visual nature of self-serve kiosks, upselling can be cleverly woven into the menu itself, and more easily escape customer notice. 
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  • In a 2017 study published in the Journal of Retailing and Consumer Services, researchers demonstrated that touch screens create "experiential and effective feelings" in customers — and, moreover, a greater sense of privacy. In short, customers are happier and more self-assured when using self-serve kiosks, and are therefore more likely to spend more.
  • Using a self-service kiosk can be a joyful experience, but one that comes at a cost if you're not careful.
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    The self-serve kiosks or unattended POS systems are changing the customer behavior and getting consumers to spend more. Many major chain restaurants have incorporated them in their business such as Chilis, McDonalds and Taco Bell. Kiosks tend to upsell the customer while regular cashiers may not. Self serve is bette for business, not so much for the customers wallet.
xrive007

How Restaurants Are Using Technology to Deliver Better Customer Service - 0 views

  • The next frontier for social media and smartphones may well be the restaurant table.
  • So far, restaurants have been slow to take to technology, but a few chains are breaking new ground.
  • Mobile ordering.
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  • This is one area where fast-food chains are in the forefront.
  • iPad order kiosks
  • Facebook ordering
  • Why wait in line if you can file your order at a kiosk immediately, and then sit down and relax?
  • Tabletop e-waiter & checkout
  • This may be the biggest technology leap coming in the next year, as nearly 100 percent of restaurant owners say they plan to have a Facebook presence by next year.
  • This is a fairly low-cost add-on to make, and it has the potential to grow sales, which always gets a restaurauteur's attention.
  • Digital menu boards + smartphones
  • Diners
  • Hand them a restaurant iPad they can self-checkout on where their card doesn't leave their sight, and they're happy.
  • it even suggests additional items to order, and the company reports it cuts 7 minutes off the average diner's stay.
  • Games while-u-wait
  • Watch for fast-food restaurants to change menus more often, because digital menu boards make it so much easier than manually changing prices and items.
  • Online coupons
  • Digital signage also allows quick-serve restaurants to provide entertainment and interactivity while you wait in line
  • Tech-savvy diners expect elegant solutions that work
  • restaurants that can get it right, integrating technology that makes customers happy and turns tables faster will be a no-brainer.
  • Gaming industry sources report McDonald's is projecting gesture-enabled games onto restaurant floors for kids to play while they wait for Happy Meals
  • More restaurants are using digital coupons, and diners gobble them up
wenzheng guo

KFC Reduces Waste and Maximizes Quality by Automating Oil Management | News | Hospitali... - 1 views

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  • The RTI Total Oil Management® (TOM) solution eliminates the often messy and time-consuming process of manually handling oil, while maximizing food quality and bottom line.
  • Eliminating the “grease shuttle” removes a kitchen safety hazard.
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  • The RTI web-based TOM portal provides operators with at-a-glance, real-time visibility via reports showing store-level activities like oil usage statistics, shortening quantities, oil quality, and filtration data.
    • wenzheng guo
       
      When I worked in Shanghai, people used to work in Mcdonalds told me they change oil Five day a time. I wonder wheather this technology will implement in China.
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    the new technology for the fast food restaurant to monitor its oil condition to make sure the quality of the oil and provide the healthy choice for the guests to buy it. it is real useful, but i doubt it will costy and may not be apply easily even though it is a good idea for healthy food. 
delaneyverger

New Point-Of-Sale ADA Lawsuits - Hospitality Business News - 2 views

  • For example, McDonalds was recently hit with a nationwide class action alleging that its new Coca-Cola Freestyle beverage dispensers violate the ADA because their touch-screen interfaces are inaccessible to the visually impaired.
  • The availability of hefty damages in many states increases the potential exposure businesses face. For example, in California, a single violation with respect to a POS device, entitles the plaintiff to a minimum of $4,000 in statutory damages, plus his attorney’s fees and litigation expenses. Potential liability can be overwhelming when these type of lawsuits are brought as class actions.
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    This article discusses how self-service POS systems are now under fire from the ADA for not being accessible to people with disabilities. Most of the lawsuits have claimed that the problems with these systems are 1) they are mounted too high or at angles that are inaccessible for people in wheelchairs, 2) they do provide captions for those with hearing disabilities, and 3) they do not provide tactile feedback for those with visual disabilities. The ADA provides guidance for different types of technology, such as ATMs and vending machines, but has not provided such guidelines for these new POS systems. Because of this, the courts are having difficulty determining how to better enable these POS devices to work for those with disabilities, having to determine what to do for each individual device. Furthermore, these lawsuits pose a big risk to these companies. Businesses need to better evaluate their POS devices in order to make them more user-friendly for all individuals.
Jia Kim

McDonald's Isis play pales in comparison to Starbuck's payments app - Payments - Mobile... - 0 views

  • the challenges&nbsp;with convincing consumers to pay via their mobile devices.
  • The level of employees not understanding mobile payments is much different compared to Starbucks
  • Streamlined payments
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  • get in and out of the stores as quickly as possible.
  • testing mobile payment in Salt Lake City, UT, and Austin, TX,”
  • Experiences should be seamless
  • mobile payments present to merchants and franchises with educating employees on how the technology works in addition to creating a strong infrastructure.
  • if it’s not a seamless experience, no one will use it
  • mobile payment test will also include a loyalty program, special offers and promotions
  • The big improvement to the commerce experience for quick-service restaurants is really about ordering ahead
  • Ordering ahead benefits consumers as it saves them time, and it also benefits the merchants because it allows faster through-put of customers through their stores,
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    McDonald's has been promoting mobile payments in the Austin, TX. Consumers' experience is not up to par compared to Starbucks mobile payments. Because the level of employees not understanding mobile payments is much different compared to Starbucks. In order to utilize the mobile payments, streamlined payments is the most important. Seconldy, experience should be seamless. Educating employees on how the technology works and creating a strong infrastructure would be necessary.
haelidenton

Apple wants to change the way you spend money - 0 views

shared by haelidenton on 21 Sep 14 - No Cached
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    Apple has created momentum for POS enhanced technology with it's announcement of the new Apple Pay platform. No longer will customers need to search wallets or purses for cash or credit cards to buy products, no longer will customers wait for and sign receipts. This new e-wallet tech will allow users to make fast transactions using their Apple smart phone. Major retail establishments such as McDonalds have signed on to promote and provide the necessary catalyst to make this technology mainstream. The benefits are very clear, with the increased transactional speeds promoting better customer service and also increased throughput at the retail counter. And this will also enable smaller companies enhance their profitability by utilizing such an easy purchase platform. How does this new tech work? Very simply, it users "near-field communication technology or NFC, which allows for the transfer of small amounts of data between two devices held closely to one another." Just tap your iPhone to the terminal and the transaction is complete. The concern for data security still exists, however "Industry experts will be watching as customers road-test Apple Pay." Apple Pay and similar products from Apple's competitors are the future. Businesses that embrace this technology will be in the enviable position to cater to tech-savvy customers and will see increased revenue as a result.
csendra004

Major Fast Food Chains Add High Tech Ordering - QSR magazine - 0 views

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    MODULE 7: This article is about the growing trend of quick-service brands implementing mobile and kiosk ordering for their customers. For major quick-service brands like McDonalds, Burger King etc. they've started to implement self-service kiosks or mobile apps allowing their customers to pre-order their meal and pick it up without waiting in a long queue line. At the base of this ever-growing trend, the trend is very similar to when banks started to provide self-servicing ATMs. According to the article in the next three years most of any quick-service brand that has multiple locations on a regional and/or national scale will have implemented a mobile ordering system within their operations. While taking this into consideration, quick-service restaurants need to be careful in how these mobile apps are perceived by people who isn't using it. Some may think that using the mobile app promotes those people to "skip the line", which can cause some negative feedback. With that said, now these quick-service brands need to satisfy their customers who don't use the mobile app so that they don't feel obsolete for not partaking in the trend before. With this growing trend, these quick service brands will not only have to think about their customers walking in their locations but also for the potential customers that are walking on the streets with their mobile devices.
natashacastro

Loyalty360 - What Are "Winning" Restaurant Brands Doing to Drive Positive Customer Loya... - 0 views

  • Shifting spend from maintaining old POS and back-office systems to next-generation omnichannel customer engagement, ordering, and loyalty systems. Today, actionable analytics and segmentation is a challenge for many operators. Restaurants need to invest in the expertise required to make the transition if they are going to keep pace.
  • The fast food giant is now playing catch-up on mobile ordering, mobile pay, and curbside pickup, which won’t be rolled out until the end of 2017.
  • capturing guest data across all signals and using this data to drive spend, frequency and brand loyalty. For example, by analyzing all orders – in-house and third-party data, restaurant operators can segment and market to their guests. They can personalize and upsell in real-time using location-based / check-in features. They can recognize and reward their loyal customers.
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    I liked this article because it actually discusses something I thought about for the discussion board. POS systems, can create ways for guests to easily access what they want, quickly get it and have the opportunity to receive loyalty perks and promotions via APPs. Fast casual restaurants such as Little Caesars just introduced a self service and mobile order pickup stationed called the "pizza portal" which i think is effectively reaching their target market. The usage of POS is restaurant brands are having a major positive effect and creating stronger brand loyalty, especially with the generation CX taret.
bbguy09

McDonald's Big Mac ATM | PYMNTS.com - 1 views

  • Between 11 a.m. and 2 p.m., the Big Mac ATM will dispense two new sizes of burger
  • In lieu of payment, hungry customers will “pay” with their Twitter handles and get a free lunch.
  • We’re still pretty far from robot chefs, and restaurants still need human staff to cook and serve the food (not to mention they’re needed to maintain the machines).
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  • inexpensive and&nbsp;multifaceted marketing tactic
  • 77 percent of North American customers ages 18 to 34&nbsp;want or expect mobile ordering at fast-food restaurants
  • 79 percent of&nbsp;consumers agreed&nbsp;that restaurant technology improves their guest experience
  • adding ordering features onto its relatively new mobile app
  • experimenting with delivery
  • self-service kiosk ordering, digital smart menu boards, custom-order options and even table service
  • the company is banking on big tech changes
  • it allows McDonald’s to get its products out there and its tech message across without shelling out big marketing bucks that could be better spent on ramping up its other tech offerings and initiatives
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    McDonald's has consistently been "beaten to the punch" by its competitors regarding the use of technology in its restaurants, and it has shown in an overall 10.4 decrease in foot traffic from its peak. In a cross-promotional attempt to advertise its new menu offerings while connecting with a younger (i.e. Millenial) market to show off their increased technological offerings (e.g. mobile ordering, digital smart menu boards, self-service ordering kiosks, and even delivery), McDonald's set up a Big Mac vending machine in Boston's Kenmore Square that dispensed burgers in exchange for a video posted to the consumer's twitter account. This multi-facted marketing technique allowed them to deliver their tech-driven message to potentially several hundred new consumers for every burger that was dispensed. This is a highly cost-effective marketing strategy that will allow McDonald's to focus its resources on continued development of the tech solutions that the event is aimed at promoting.
smones

Big Restaurant Brands Dive Into Grubhub Era Of Delivery Rivalry - 0 views

  • "There's a growth problem for a lot of restaurants in the U.S. Many fast-casual dining-type restaurants are mall-based or attached to retail spaces and consumers are just not going there as much," said Tom Champion, a Cowen analyst who follows Grubhub. Grubhub stock has shot up 141% from a year ago.
  • a millennial generation shift.
  • They typically share 20% to 30% of a bill with third-party delivery services. That matters in an industry with 10% to 15% operating margins and high fixed costs, including rent and staffing.
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  • home delivery services enable consumers to order from a restaurant that might be 5 miles away as opposed to one around the corner, Solochek says.
  • "We're going to see more and more quick-service chains begin to try out delivery," he said. "The margins associated with third-party delivery may be slimmed down. But, the question for restaurants is, 'If I don't do it and I'm not delivering my food, am I in the game anymore? Am I in people's consideration? It boils down to being an opportunity cost. The hope is that at some point people will like the food enough to come in and sit down."
  • In some cases, menus posted on mobile apps may be priced a bit higher to offset revenue-sharing with&nbsp;delivery partners, she says.
  • Restaurant stocks received a boost as the industry's same-store sales&nbsp;rose 1.5% in April, the best restaurant industry gain in 2-1/2 years, says Black Box Intelligence.
  • Millennials think about cuisine in global terms, says Warren Solochek, a restaurant industry analyst at NPD.
  • If something goes wrong with a delivery order, it's usually the restaurant that gets the blame, according to&nbsp;Consumer research firm NPD, not the likes of Grubhub (GRUB), Uber Eats, DoorDash or Postmates.
  • Wingstop is not the only national restaurant brand with good reason to be testing home delivery services. Also testing or charging ahead with food delivery services are McDonald's (MCD), Yum Brand's (YUM) Taco Bell and KFC, Chipotle Mexican Grill (CMG), Shake Shack (SHAK), Zoes Kitchen (ZOES), Panera Bread, Bloomin' Brands' (BLMN) Outback Steakhouse, and others.
  • While restaurants may test food delivery with a few service providers, they'll usually settle on one to ensure that the process runs smoothly, says Cowen's Champion.
  • The result had lifted the Retail-Restaurants industry group to a top 10 ranking at the start of May among the&nbsp;197 industries tracked by IBD.
  • The big picture is that consumers buying goods at Amazon.com (AMZN) and other online businesses are doing less of the traditional brick-and-mortar shopping. That means they're also not stopping off to eat on the way home or getting takeout food.
  • "If you're turning a transaction into a less-profitable transaction, that isn't doing any good," said Bartlett, "but if it's a transaction you wouldn't have had in the first place, then it's a positive."
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    This article discusses the increasing demand for e-commerce and third party delivery in the food and beverage industry, as well as the costs associated with it. Restaurants are currently facing a growth problem in the United States as foot traffic has declined due to a "millennial generation shift" that sees diners doing more in their homes, while third party companies like Grubhub have seen it's stock rise 141 percent from a year ago. For many restaurants, it is a matter of opportunity cost. As explained in this article by Warren Solocheck, a restaurant industry analyst at NPD, "We're going to see more and more quick-service chains begin to try out delivery," he said. "The margins associated with third-party delivery may be slimmed down. But, the question for restaurants is, 'If I don't do it and I'm not delivering my food, am I in the game anymore? Am I in people's consideration? It boils down to being an opportunity cost. The hope is that at some point people will like the food enough to come in and sit down." I found this article very interesting as a General Manager. We recently decided as a brand to begin offering delivery through third party services as we noticed a decline in covers leading to a decline in revenue. This new revenue stream, although at a higher cost, still brings in revenue that we would be missing out on either way. We also offer free appetizer cards for a consumer's next in house visit to help attract new guests.
rnobl005

Uber Eats Doubles Down on POS Integration with orderTalk Acquisition - 0 views

  • Uber Eats Doubles Down on POS Integration with orderTalk Acquisition
    • rnobl005
       
      Skift published this article about a month ago. It's a really interesting to see how POS technology is impacting new industries. In this case the focus is on Uber Eats. The company acquired a Dallas-based company called orderTalk, which specialized in POS integrations. Liz Meyerdirk, head of business development for Uber Eats, said that this move aligned with their strategy for two reasons. Integrating this technology reduces errors for the restaurants people are ordering from and improves the workflow at the restaurants themselves. orderTalk's software already works with 10 POS providers and most payment processing vendors, making it a valuable resource for Uber Eats to tab into. Ideally, Uber Eats will see operational improvements and increased profits as a result of the move.
  • Uber Eats announced it has acquired orderTalk, a Dallas-based restaurant technology company with technology and expertise related to point of sale (POS) integrations, according to the company.
  • restaurants are asking for ways to reduce errors, and an employee manually entering orders from an Eats-connected iPad into the restaurant’s system leaves room for plenty of human error
    • rnobl005
       
      Until reading this I didn't even realize that this is how my order went from my phone to the restaurant. I assumed my order went directly into the system.
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  • technical integrations better manage restaurant workflow. Instead of requiring a middleman, orders are quickly fed to the kitchen display monitor or ticketing system.
    • rnobl005
       
      Cutting down on the time it takes to start an order means a shorter delivery window. Uber Eats will build customer loyalty as a result of this action.
  • orderTalk, founded in 1998 and launched as a software as a service company in 2004,&nbsp; integrates with more than 10 of the leading POS providers and most major payment processing vendors
  • Top Uber Eats competitor Grubhub already integrates with several leading point of sale systems, and CEO Matt Maloney has cited the company’s technology as a main reason it was able to land an exclusive partnership with Yum Brands’ KFC and Taco Bell restaurants.
    • rnobl005
       
      Uber Eats has a similar relationship with specific McDonalds franchises across the US.
kakaboshi

Tech Viewpoint: Three interesting on-demand food delivery trends - 0 views

  • Customer appetite and constant connectivity are driving innovation in the online delivery space for food retailers.
  • Here are three trends to watch in on-demand food delivery.
  • Retailers and on-demand delivery providers are starting to recognize the communal nature of food by offering different types of group ordering options.
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  • Group ordering
  • Some retailers are also open to offering delivery via a variety of proprietary and third-party platforms.
  • Multiple platforms
  • The average food delivery consumer has two delivery apps, according to a recent survey from US Foods.
  • Respondents are slightly more likely to start with a restaurant in mind and look for it in the apps (54%) than start by opening the app and then looking for ideas (46%), giving more incentive to offer delivery via multiple platforms.
  • Wherever you go, there your food is
  • Intrepid retailers are delivering food to remote locations that may offer few or no other dining options.
  •  
    This article talks about three new innovative trends in the online food delivery market that satisfy the highly connected consumer: Group Ordering, Multiple Platforms, and Remote Location Delivery.
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