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	<title>Yum &#8211; USA NEWS LIVE</title>
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	<title>Yum &#8211; USA NEWS LIVE</title>
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		<title>“Safe Route” or “Sushi Route” – 2 strategies to show “yuck” into “yum” and persuade people to eat unusual foods</title>
		<link>https://bloggingthree.soflytech.com/2024/11/safe-route-or-sushi-route-2-strategies-to-show-yuck-into-yum-and-persuade-people-to-eat-unusual-foods/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sun, 03 Nov 2024 13:39:35 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[convince]]></category>
		<category><![CDATA[eat]]></category>
		<category><![CDATA[foods]]></category>
		<category><![CDATA[people]]></category>
		<category><![CDATA[route]]></category>
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		<category><![CDATA[Sushi]]></category>
		<category><![CDATA[turn]]></category>
		<category><![CDATA[unusual]]></category>
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		<category><![CDATA[Yum]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=18470</guid>

					<description><![CDATA[What will nutrition appear to be in the longer term? The answer depends partially on what foods Westerners may be persuaded to eat. These consumers have gotten increasingly informed about this Your eating regimen needs to alter. Current eating habits are unsustainable and global The demand for meat is growing. In recent years there was [&#8230;]]]></description>
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<p>What will nutrition appear to be in the longer term? The answer depends partially on what foods Westerners may be persuaded to eat.</p>
<p>These consumers have gotten increasingly informed about this <a href="https://www.nytimes.com/2024/07/29/opinion/what-to-eat-on-a-burning-planet.html">Your eating regimen needs to alter</a>. Current eating habits are unsustainable and global <a href="https://openknowledge.fao.org/server/api/core/bitstreams/09e88a46-b005-4d65-8753-9714506afc38/content">The demand for meat is growing</a>.</p>
<p>In recent years there was increasing interest and investment in so-called alternative proteins – products that may replace typical meat with more sustainable alternatives. One option is cultured meat and seafood: muscle tissue grown in laboratories in bioreactors using animal stem cells. Another approach is to exchange standard meat with options like <a href="https://www.theguardian.com/environment/article/2024/aug/07/the-rise-of-ento-veganism-how-eating-crickets-could-help-save-the-world">Insects</a> or plant-based meat imitations. All of those products promise a more sustainable alternative to factory-farmed meat. The query is: will consumers accept them?</p>
<p><a href="https://scholar.google.com/citations?user=vyBxhaQAAAAJ&#038;hl=en&#038;oi=ao">I&#8217;m a philosopher who studies food and disgust</a>and I&#39;m fascinated with how people react to latest foods like lab meat, bugs and other so-called alternative proteins. disgust and <a href="https://www.alimentarium.org/en/fact-sheet/food-neophobia">Food neophobia</a> – fear of latest foods – are sometimes cited as barriers to introducing latest, more sustainable food options, but I imagine recent history presents a more complicated picture. Past changes in dietary habits suggest that there are two routes to introducing latest foods: one based on familiarity and safety, the opposite based on novelty and excitement.</p>
<h2>Disgust and the yuck factor</h2>
<p>Disgust is a <a href="https://pages.stern.nyu.edu/%7Ejhaidt/articles/rozin.haidt.2000.disgust.pub017.pdf">strong feeling of disgust</a> in response to things perceived as contaminating, polluting, or unclean. Scientists imagine it evolved to guard humans from invisible pollutants similar to pathogens and parasites. Some causes of disgust are common, similar to feces or vomit. Other, <a href="https://www.newyorker.com/magazine/2021/05/17/the-gatekeepers-who-get-to-decide-what-food-is-disgusting">including food</a>are more culturally diverse.</p>
<p>Therefore, it just isn&#8217;t surprising that self-reported willingness to eat insects varies <a href="https://today.yougov.com/international/articles/39211-one-five-americans-say-theyre-willing-eat-insects">across all nationalities</a>. Insects have been a very important a part of the standard eating regimen of cultures all over the world for hundreds of years, including the <a href="https://penelope.uchicago.edu/aristotle/histanimals5.html">ancient Greeks</a>.</p>
<p>Many articles about the potential of introducing insects to Western or American guests have highlighted this <a href="https://www.foodnavigator.com/Article/2024/05/16/insects-still-provoke-disgust-in-consumers-study-shows">Challenges posed by neophobia and the “yuck factor”.</a>.” People won&#39;t accept these latest foods, the considering goes, because they&#39;re too different and even downright disgusting.</p>
<p>If that&#39;s true, the very best approach to freeing up plate space for brand new foods is likely to be to make them appear to be familiar menu items. </p>
<h2>The protected path to food acceptance</h2>
<figure class="align-right zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:139.24050632911394%;--background-color:#9c5f5e"><img decoding="async" alt="Poster from the 1940s with a photo of saluting soldiers and civilians with the caption "Sure - we share the meat"" class="lazyload" src="https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=237&#038;fit=clip" srcset="https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=834&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=834&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=834&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=1049&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=1049&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/614922/original/file-20240821-16-uv3plx.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=1049&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">During World War II, the federal government tried to make it seem patriotic not to offer up the standard meat.</span><br />
              <span class="attribution"><a class="source" href="https://www.flickr.com/photos/usnationalarchives/5589768020/in/album-72157626120220831">US National Archives/Flickr</a>, <a class="license" href="http://creativecommons.org/licenses/by/4.0/">CC BY</a></span><br />
            </figcaption></figure>
<p>During World War II, the United States government desired to direct its limited meat supply to troops on the front lines. So it needed to persuade home cooks to desert their steaks, chops and roasts in favor of what it called <a href="https://books.google.com/books?id=pk4EAAAAMBAJ&#038;pg=PA62&#038;dq=variety+meats&#038;hl=en&#038;sa=X&#038;ved=2ahUKEwjFrNSajduFAxVYKFkFHSV0CpcQuwV6BAgHEAY#v=onepage&#038;q&#038;f=false">various kinds of meat</a>: kidneys, liver, tongue and so forth.</p>
<p>To discover methods to change consumer habits, <a href="https://www.theatlantic.com/health/archive/2014/09/the-world-war-ii-campaign-to-bring-organ-meats-to-the-dinner-table/380737/">a team of psychologists and anthropologists</a> was tasked with studying how dietary habits and preferences got here about – and the way they may be modified.</p>
<p>The <a href="https://pubmed.ncbi.nlm.nih.gov/25077212/">Dietary Habits Committee really helpful</a> Emphasizing the similarity of those offal to available, known, existing foods. Call this approach “<a href="https://doi.org/10.1509/jppm.21.1.90.17614">safe way</a>” – focuses on individual attitudes and decisions. It seeks to remove psychological and practical barriers to individual selection and to counteract beliefs or values ​​that will prevent people from adopting latest foods.</p>
<p>As the name suggests, the protected route tries to downplay novelty and use familiar forms and flavors. For example, it processes unknown cuts of meat into meatloaf or meatballs or grinds crickets into flour for cookies or protein bars.</p>
<h2>The sushi route</h2>
<p>But recent history suggests otherwise: foods like sushi, <a href="https://slate.com/human-interest/2004/04/offal-on-upscale-menus.html">offal</a> and even <a href="https://psmag.com/economics/how-lobster-got-fancy-59440">lobster</a> became desirable not despite but due to their novelty and difference.</p>
<p><a href="https://doi.org/10.1080/07409710.2017.1420353">Sushi&#39;s Arrival within the Postwar USA</a> coincided with the rise of consumer culture. Eating out as a leisure activity became more vital and other people became more open to latest experiences as an indication of status and class. Rather than appealing to the housewife who prepares home cooking, sushi gained popularity by appealing to the need for brand new and exciting experiences.</p>
<p>In 1966, The New York Times reported that New Yorkers on “<a href="https://timesmachine.nytimes.com/timesmachine/1966/03/10/79970877.html?pageNumber=22">raw fish dishes, sushi and sashimi, with enjoyment</a> once reserved for cornflakes.” Of course, sushi is now widely consumed and is even available in grocery stores nationwide. More specifically, the grocery chain <a href="https://www.wsj.com/business/retail/how-kroger-became-the-biggest-sushi-seller-in-america-d6ad149">Kroger sells greater than 40 million pieces of sushi per yr</a>. While the protected way is to introduce latest foods into our eating regimen, the sushi way suggests embracing their novelty and using it as a selling point. </p>
<p>Sushi is only one example of a food introduced this fashion. After the turn of the millennium, a brand new generation emerged <a href="https://www.nytimes.com/2011/04/10/magazine/mag-10Eat-t-000.html">The guests have rediscovered offal</a> offered as top restaurants and chefs “<a href="https://stjohnrestaurant.com/products/nose-to-tail-eating-1">Nose to tail</a>&#8221; Eat. Instead of positioning foods like tongue and pig ears as familiar and comforting, a willingness to embrace the yuck factor became a sign <a href="https://www.esquire.com/food-drink/a7201/cooking-offal-0410/">Adventure, even masculinity</a>. This formulation is the precise opposite of the protected route really helpful by the Committee on Dietary Habits. </p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#4e362a"><img decoding="async" alt="Chef presents a plate of fried bugs and guacamole" class="lazyload" src="https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/614923/original/file-20240821-16-thzsaw.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">In Mexico there&#8217;s a centuries-old tradition of eating some insects.</span><br />
              <span class="attribution"><a class="source" href="https://newsroom.ap.org/detail/MEXICOBUGFOOD/8c0a0bbe2ae1da11af9f0014c2589dfb/photo?Query=eating%20insects&#038;mediaType=photo&#038;sortBy=arrivaldatetime:desc&#038;dateRange=Anytime&#038;totalCount=71&#038;currentItemNo=63">AP Photo/Dario Lopez-Mills</a></span><br />
            </figcaption></figure>
<h2>The future of other proteins</h2>
<p>What lessons may be learned from these examples? This needs to be the case for the change in eating regimen to last <a href="https://www.jstor.org/stable/1023547">positively framed</a>. Convincing customers that various meats were a vital wartime substitute worked temporarily, but <a href="https://www.theatlantic.com/health/archive/2014/09/the-world-war-ii-campaign-to-bring-organ-meats-to-the-dinner-table/380737/">ultimately led to the impression that these were subpar decisions</a>. When cultured meat and insects are offered as vital sacrifices, the gains they produce may be temporary at best. </p>
<p>Instead, manufacturers could serve consumers&#39; desire for healthier, more sustainable and more exciting food. </p>
<p>Cultured meat could also be marketed “safely” as nuggets and burgers, but in principle the chances are countless: curious consumers could guilt-free try and even discover about lab-grown whale or turtle meat <a href="https://www.theguardian.com/environment/2023/mar/28/meatball-mammoth-created-cultivated-meat-firm">what the woolly mammoth tasted like</a>.</p>
<p>Ultimately, the chefs, consumers and entrepreneurs who wish to reshape our food systems must not select only one path. While we will grind insects into protein powders, we may also turn to chefs who cook traditional dishes and use insects to expand our culinary horizons.</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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		<title>McDonald&#039;s, Yum, Wendy&#039;s test technology</title>
		<link>https://bloggingthree.soflytech.com/2024/07/mcdonalds-yum-wendys-test-technology/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 04 Jul 2024 15:41:31 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[McDonald39s]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[test]]></category>
		<category><![CDATA[Wendy39s]]></category>
		<category><![CDATA[Yum]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=8122</guid>

					<description><![CDATA[Looking for methods to cut back labor costs, restaurants are hoping that artificial intelligence can reduce the variety of drive-thru orders, but it can likely be years before the technology is widely available. This yr, 16% of restaurant operators plan to take a position in artificial intelligence, including voice recognition, based on a survey by [&#8230;]]]></description>
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<div class="group">
<p>Looking for methods to cut back labor costs, restaurants are hoping that artificial intelligence can reduce the variety of drive-thru orders, but it can likely be years before the technology is widely available.</p>
<p>This yr, 16% of restaurant operators plan to take a position in artificial intelligence, including voice recognition, based on a survey by <a href="https://restaurant.org/research-and-media/media/press-releases/serving-up-technology-new-data-shows-how-tech-integration-is-transforming-the-restaurant-experience/" target="_blank" rel="noopener">National Restaurant Association</a>. Most of the high spending comes from large chains which have the capital and scale to leverage the technology for his or her business.</p>
<p>Even before the pandemic, labor costs for restaurants had been rising, prompting operators to depend on technology to extend their profit margins. Then got here Covid, which not only drove up labor costs but in addition led to a shift from dining rooms to drive-thru counters. California&#39;s decision earlier this yr to lift pay for fast-food staff to $20 an hour has only further prompted operators to depend on technology to cut back their labor costs, which until now has mostly helped automate behind-the-scenes tasks.</p>
<p>At the identical time, ChatGPT and other AI tools have created recent enthusiasm for generative AI within the hospitality industry, although the industry is usually slow to adopt technological advances.</p>
<p>A stumbling block for the emerging technology got here in June, when <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">MC Donalds<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    told its franchisees that it could end testing of Automated Order Taker, an AI technology for its drive-thru lanes, under a partnership with IBM. The fast-food giant, once a frontrunner within the voice ordering race, now plans to show to other vendors.</p>
<p>And then there&#39;s <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Presto Automation<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>the AI ​​drive-thru technology company, which disclosed in filings with the U.S. Securities and Exchange Commission last yr that it uses &#8220;human agents&#8221; in countries just like the Philippines and India to finish orders. Gee Lefevre, Presto&#39;s interim CEO, stresses that using humans is common within the AI ​​industry and helps train the technology without burdening the restaurant&#39;s workforce. The company unveiled a totally autonomous version in May. Still, the initial lack of transparency may deter some operators.</p>
<p>While some restaurants are currently skeptical about using AI within the drive-thru, acceptance could increase in the approaching months and years.</p>
<p>The tipping point for voice ordering is prone to be reached in 12 to 18 months, based on TD Cowen analyst Andrew Charles, who believes that by then at the least two of the country&#39;s 25 largest restaurant chains might be fully embracing the technology and expanding their small test runs to their entire catchment area.</p>
<p>&#8220;It&#39;s like third-party delivery a few years ago: everyone tested it, and then when McDonald&#39;s partnered with Uber, everyone else followed suit with their own partnerships,&#8221; Charles said.</p>
<p>This time, McDonald&#39;s will probably not be the primary provider to take this step.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline0"></a>The benefits and downsides of AI ordering</h2>
<div class="group">
<p>Companies with voice ordering technology claim that their AI doesn&#8217;t replace jobs, but simply frees up employees for other tasks. They also tout fringe advantages.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Sound Hound<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>an early leader within the space, said its AI can accept greater than 90% of orders without human intervention; the standard accuracy rate for humans is between 80% and 85%. SoundHound also said its AI can speed up drive-thru lanes by about 10% because it will possibly process orders faster. Additionally, the AI ​​tries to upsell customers with each order, increasing the common bill size.</p>
<p>In addition, AI could take orders from non-English speakers in the long run, which Charles says opens up great opportunities each internationally and domestically.</p>
<p>But despite all of the possible benefits, generative AI also has some disadvantages.</p>
</div>
<div class="group">
<p>For one thing, restaurants risk damaging their reputations through the use of artificial intelligence, Bank of America Securities analyst Sara Senatore wrote in a research note Friday. For example, inaccurate orders can result in delays and frustration even when the AI ​​directs customers to a human restaurant worker.</p>
<p>While younger customers benefit from the increased efficiency and lack of human interaction, older age groups think in a different way. According to a study of the child boomer generation, nearly all of baby boomers would favor less technological options when eating out. <a href="https://restaurant.org/research-and-media/media/press-releases/serving-up-technology-new-data-shows-how-tech-integration-is-transforming-the-restaurant-experience/" target="_blank" rel="noopener">Consumer survey</a> from earlier this yr, conducted by the National Restaurant Association.</p>
<p>Additionally, the technology isn&#39;t perfect. Restaurants with weak Wi-Fi might want to speed up their web connections. In locations along noisy highways, voice ordering technology will likely take just a few years to catch up and higher understand customers. And restaurants with long, complicated menus will likely find that AI&#39;s problems are even greater.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"></a>Why McDonald&#39;s ended its partnership with IBM</h2>
<div class="group">
<p>For McDonald&#39;s, these risks should not value it &#8211; at the least not for now.</p>
<p>The fast-food giant&#39;s foray into AI for drive-thru restaurants began in 2019, when the corporate bought Apprente and renamed it McD Tech Labs. Two years later, McDonald&#39;s sold McD Tech Labs to IBM and announced a world partnership with the technology company on undisclosed terms. McDonald&#39;s had already been testing the technology at just a few locations within the Chicago area. Outsourcing the technology to IBM led to a large-scale test in around 100 restaurants.</p>
<p>But the outcomes of the test run fell wanting McDonald&#39;s standards. The technology had trouble interpreting different accents and dialects, which affected the accuracy of orders, amongst other things, based on two sources acquainted with the matter.<strong> </strong>told CNBC. McDonald&#39;s declined to comment on the time on the accuracy or challenges of the technology, and IBM didn&#8217;t reply to a request for comment on the tool&#39;s accuracy.</p>
<p>Despite the setback, McDonald&#39;s will not be giving up on its goal of using artificial intelligence to simply accept drive-thru orders.</p>
<p>&#8220;While there have been successes to date, we believe there is an opportunity to explore voice ordering solutions more broadly,&#8221; wrote Mason Smoot, senior vp and chief restaurant officer of McDonald&#39;s within the U.S., in a memo to franchisees. </p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline2"></a>Yum and Wendy&#39;s test AI ordering</h2>
<div class="group">
<p>The Golden Arches should not the one chain conducting a voice ordering test.</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10">Yum Brands&#39;<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    Taco Bell is expanding its voice AI test from five locations to 30 restaurants in California &#8220;due to positive customer feedback,&#8221; executives said in early May. White Castle plans to make use of SoundHound&#39;s technology in greater than 100 of its restaurants by yr&#39;s end. And last yr <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-11">Wendy’s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span> <a href="https://www.wendys.com/blog/how-wendys-using-ai-restaurant-innovation" target="_blank" rel="noopener">announced a test</a> in a company-owned restaurant in Columbus, Ohio, through a partnership with <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-13">Google<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>.</p>
<p>So far, the frontrunners have been primarily firms with lower average unit volumes, said TD Cowen&#39;s Charles. The industry metric refers to a sequence&#39;s average annual revenue per restaurant. Because these chains&#39; locations have lower revenues, Charles said there&#8217;s a greater financial incentive to make use of AI to mitigate higher labor costs.</p>
<p>Panera Bread founder Ron Shaich told CNBC that the actual winners might be the “quick followers” ​​relatively than the primary to adopt voice ordering. Shaich, who&#8217;s currently chairman of <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-15">Cava<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    and CEO of his own investment firm, Act 3 Holdings, claims to have pioneered many technological advances within the restaurant industry: free Wi-Fi in Panera&#39;s restaurants, the mixture of the chain&#39;s mobile app and loyalty program, and the introduction of self-service kiosks.</p>
<p>In the case of phone ordering, nevertheless, Shaich says it&#39;s higher to attend until the technology matures and concentrate on ensuring the general customer experience can surpass that of the competition.</p>
<p>“Nobody runs into a restaurant because it has this technology,” he said.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>The profits of Starbucks, McDonald&#039;s and Yum show that buyers are retreating</title>
		<link>https://bloggingthree.soflytech.com/2024/05/the-profits-of-starbucks-mcdonalds-and-yum-show-that-buyers-are-retreating/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 01 May 2024 19:04:40 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[consumers]]></category>
		<category><![CDATA[McDonald39s]]></category>
		<category><![CDATA[profits]]></category>
		<category><![CDATA[retreating]]></category>
		<category><![CDATA[show]]></category>
		<category><![CDATA[Starbucks]]></category>
		<category><![CDATA[Yum]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=2223</guid>

					<description><![CDATA[It&#39;s finally here: the long-predicted fall in consumer prices. Starbucks announced a surprise drop in same-store sales for its most up-to-date quarter, sending shares down 17% on Wednesday. Pizza Hut and KFC also reported declining same-store sales. And even steadfast MC Donalds said it had adopted a “street fight mentality” to compete for budget-conscious guests. [&#8230;]]]></description>
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<p>It&#39;s finally here: the long-predicted fall in consumer prices.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Starbucks<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    announced a surprise drop in same-store sales for its most up-to-date quarter, sending shares down 17% on Wednesday.  Pizza Hut and KFC also reported declining same-store sales.  And even steadfast <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">MC Donalds<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    said it had adopted a “street fight mentality” to compete for budget-conscious guests.</p>
<p>For months, economists have predicted that buyers would in the reduction of on spending in response to higher prices and rates of interest.  But it took some time for fast-food chains&#39; sales to really shrink, despite several quarters of warnings to investors that low-income consumers were weakening and other restaurants were rejecting dearer options.</p>
<p>Many restaurant corporations also cited other reasons for his or her weak results this quarter.  Starbucks said bad weather caused same-store sales to say no. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Delicious brands<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>The parent company of Pizza Hut, KFC and Taco Bell, blamed its brands&#39; poor performance on January snowstorms and difficult comparisons with a powerful first quarter last yr.</p>
<p>But these excuses don&#39;t fully explain the weak quarterly results.  Instead, competition for a smaller customer base appears to have grow to be fiercer as diners who still wish to buy a burger or cold brew grow to be pickier with their money.</p>
<p>The cost of eating out at fast-food restaurants has risen faster than eating at home.<strong> </strong>Prices at limited-service restaurants rose 5% in March compared with the identical period last yr, while food prices rose more slowly, it said <a href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank" rel="noopener">Bureau of Labor Statistics</a>.</p>
<p>“Obviously everyone is fighting for fewer consumers or consumers who are certainly visiting less often, and we need to make sure we have that street fight mentality to win, regardless of the context around us,” McDonald&#39;s CFO Ian Borden said on the corporate&#39;s earnings call company on Tuesday.</p>
<p>Outliers show that customers proceed to order their favorite foods, even in the event that they are dearer than they were a yr ago. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-9">Wing stop<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>Wall Street&#39;s hottest restaurant chain, reported that its U.S. same-store sales rose 21.6% in the primary quarter. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10">Chipotle Mexican Grill<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    recorded a 5.4% increase in traffic in the primary quarter.  And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-12">Restaurant Brands International<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    Popeyes reported same-store sales growth of 5.7%.</p>
<p>Still, many corporations within the restaurant industry and beyond have warned that consumer pressure could proceed.  McDonald&#39;s CEO Chris Kempczinski told analysts that buying restraint continues all over the world.</p>
<p>“That’s worth mentioning [the first quarter]“In the US, Australia, Canada, Germany, Japan and the UK, industry traffic was flat to declining,” he said.</p>
<p>Two of the chains that struggled in the primary quarter cited value as an element.<strong> </strong>Starbucks CEO Laxman Narasimhan said casual customers weren&#39;t buying the chain&#39;s coffee because they wanted more variety and higher value.</p>
<p>“In this environment, many customers have become more demanding<strong> </strong>about where and how they spend their money, especially as the savings from the stimulus programs have largely been spent,” Narasimhan said in the corporate’s conference call on Tuesday.</p>
<p>Yum CEO David Gibbs noted that rivals&#39; low-cost offers on chicken meals hurt KFC&#39;s U.S. sales.  However, he said the shift to value should profit Taco Bell, which accounts for three-quarters of Yum&#39;s domestic operating profit.</p>
<p>“We know from industry data that value is more important and that others struggle with value, and Taco Bell is a value leader.  You can see that some low-income consumers are declining in the industry.  “We don’t see that happening at Taco Bell,” he said Wednesday.</p>
<p>It&#39;s unclear how long it&#8217;s going to take for fast-food chains&#39; sales to get well, although executives have offered optimistic timelines and plans to get sales back on the right track.  Yum, for instance, said its first quarter could be its weakest of the yr.</p>
<p>McDonald&#39;s, in turn, plans to create a nationwide value-for-money menu that may appeal to thrifty customers.  But the burger giant may face resistance from its franchisees, which has grow to be more vocal lately.  While deals boost sales, additionally they squeeze operators&#39; profits, especially in markets where operations are already expensive.</p>
<p>Still, lagging behind the competition could motivate McDonald&#39;s franchisees.  This is the second consecutive quarter that Burger King reported stronger same-store sales growth than McDonald&#39;s within the United States.  The Restaurant Brands chain has been in transition over the past two years, spending heavily on promoting.</p>
<p>Starbucks also relies on deals.  The coffee chain is preparing to release an upgrade to its app that may allow all customers – not only loyalty members – to order, pay and receive discounts.  Narasimhan also praised the success of his recent lavender drink line, which launched in March, although business was still slow in April.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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