Today in restaurant and grocery tech news: Point-of-sale (POS) technology barrels towards the digital future, while online grocers expand to new countries across Europe. Plus, Mahmood A. Khan, Ph.D., FAND, FMP., professor of hospitality and director of the MSBA program at Virginia Tech’s Pamplin College of Business, speaks with PYMNTS about how the pandemic has elevated the QSR while devastating the fine dining industry.
Lightspeed Intros Integrated Hospitality, POS Platform
Merchant POS commerce platform Lightspeed is rolling out a new restaurant tool with analytics, payments and inventory management for a one-stop, unified solution, the company said in a press release on Thursday (Oct. 14).
Digitally Powered QSRs Are Devouring Their Dine-In Restaurant Rivals
Since March of 2020, the digitization of the restaurant industry has been dramatically accelerated. While many in the industry see this as a gain, providing businesses with a way to meet the evolving needs of today’s highly connected consumers, not all restaurants are experiencing the shift as a positive thing. For full-service restaurants, the pandemic has overturned their model, leaving them at a disadvantage as restaurants look toward the post-pandemic future.
Domino’s Leverages POS Upgrades to Weather Labor Challenges
As restaurants struggle to meet the demands required to remain staffed with qualified employees, major brands are looking for ways to use technology to reduce their labor needs. Domino’s Pizza, the Ann Arbor, Michigan-based QSR giant with more than 18,000 stores around the world, is investing in in-restaurant technologies that will optimize the workflow.
Grocery Roundup: eGrocery Businesses Expand Globally
This week in grocery news, Russia’s Yandex brings 15-minute grocery delivery to London, Italy’s Everli online grocery marketplace plans to expand to two more countries, a direct-to-consumer frozen food brand aims to raise $86 million in its initial public offering (IPO), and Ahold Delhaize hits its United States self-distribution goal for 2021.
——————————
NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BREWING BATTLE FOR WHERE WE WILL BANK
About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand.
Did the Vikings invent cross-border trade? That’s the claim of Valerie Hansen, author of “The Year 1000: When Explorers Connected the World―and Globalization…
Cryptocurrencies face an uncertain and perhaps even tenuous evolution in commercial transactions. Crypto payments, done in the service of B2B, will have…
French retail giant Carrefour announced uneven growth performance in Europe in its third quarter financial results, generating about 20.4 billion euros ($23.7…
You have successfully joined our subscriber list.
© 2021 What’s Next Media and Analytics™