Restaurant recovery is a main topic of discussion in this episode of The Main Course as we spoke with Cristin O’Hara, Managing Director, Restaurant Group, at Bank of America.
“There is enthusiasm and positivity that the industry is turning the corner,” she said. “The second half of the year could see strong GDP growth, as people become more comfortable with returning to restaurants and the takeout business continues to soar.”
Overall, she thinks the demand for dining out will grow as it becomes safer. The key for all restaurants will be getting throughput to align with demand, managing labor needs, and being prepared for changes in pricing in costs of goods. “Digitization has a lot to do with the management of these categories.”
A new episode of The Main Course, our podcast series with MarketScale, is served up every Tuesday and Thursday.