Looking for some of the week’s top information? Check out these five stories from the foodservice industry from August 6-10.
Drought Continues to Cause an Increase in Food Prices
From CNN Money, Read Full Story
Based on the latest report from the U.S. Drought Monitor (published every Thursday), most of the country is experiencing drought anywhere from abnormally dry to exceptionally dry. Unfortunately, the areas hit the hardest are in the nation’s heartland, where most of the country’s farms are based. According to CNN Money, the impact will continue to cause food prices to rise worldwide.
Newsweek Releases ‘101 Best Places to Eat in the Word’
From Huff Post Food, Read Full Story
Newsweek recently released their latest issue, which is dedicated to food and includes the “101 Best Places to Eat in the World.” Huff Post Food said the issue includes restaurant recommendations from “53 of the world’s most famous chefs, including Anthony Bourdain, David Chang, Anita Lo, Lidia Bastianich and more.” However, the somewhat-seductive cover has caused controversy. (Click Huff Post Food article and scroll down to view).
U.S. Cities Create Stronger Rules and Restrictions for Food Truck Owners
From Mobile Cuisine News, Read Full Story
Ever since food trucks had their boom in popularity and essentially became highly respected restaurants on wheels, it’s caused some tension with restaurants that say the food trucks are taking away their business. Mobile Cuisine News said many cities are setting rules on where trucks can park and how long they are there. Some cities have even proposed rules to require food trucks to install GPS systems that enable cities to track where a truck is, or that a truck must change locations every 45 minutes.
For many truck owners, the rules are frustrating. One of their questions is “if two restaurants can open up next to each other, why are they being restricted on where they can park?” Especially when they are forking out sometimes $50,000 in start-up costs, then thousands of dollars after for maintenance and modifications.
Starbucks Teams Up with Square Inc. to Accept Payments
From Square, Read Full Story
On Wednesday August 8, Starbucks and Square announced their partnership to enhance Starbucks customers’ payment experience. Square is a company that enables businesses to accept credit card payments on Android phones, iPhones and iPads with their free Square Card Reader.
In this collaboration, Starbucks will invest $25 million in Square Inc. and their chairman, president and CEO, Howard Shultz, will join Square’s board of directors. Square also said starting Fall 2012, in addition to being able to make payments with the iPhone or Android on the card reader, customers will be able to use “Pay with Square,” a feature that will allow them to pay straight from their device.
Nation’s Restaurant News’ Special Report on Consumer Picks Released
From Nation’s Restaurant News, Read Full Story
For the second year in a row, NRN released their “Consumer Picks,” a special feature that shares consumer’s opinions of 152 restaurant chains. Through this survey, they came up with a few “top 5’s”–some of them being: