January comes around every eleven months without fail and as
usual January is colder than most moths of the year. Winter storms cannot be blamed for continued
declining same store sales within the restaurant sector according to Steven
Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®.
Only Neanderthal chain marketing executives and industry analyst
out of touch with today’s consumers would suggest such a thing. The consumer is
dynamic not static and brands must act or react faster to consumer evolve path
to purchase foodservice patterns or risk continued customer capitulation
according to Johnson. After nine years of declining or flat year over year
customer counts the restaurant sector has host it mojo, energy, its swag.
According to the latest
index from Black Box Intelligence in January restaurant sector same store sales
once again declined by 0.3%. However customer
traffic, declined 3% year-over-year in January.
That is a big problem requiring restaurant sector business model change
according to Johnson.
The
restaurant sector needs to regain its swag, its mojo, its energy and our own Grocerant Guru® believes that in 2018 the best way to do that is too leverage branded strategic
partnerships. If there is there is one dominate element that can power incremental
success within the restaurant sector over the coming years it is what Johnson calls it the new electricity that is
strategic partnerships.
The new
electricity must be very efficient for the supply and includes such things
as regional fresh foods, urban farming (produce, seafood, etc.), local
wine, and local beer, autonomous delivery, cashier-less retail, cash-less
payments, digital hand held marketing and outside-eyes.
Food
companies the ilk of chain restaurants that want to survive the next generation
of retail must embrace the artificial intelligence revolution while simultaneously embracing grocerant niche
Ready-2-Eat and Heat-N-Eat fresh food. That will require brands to
embrace new fresh food partnerships more now than ever before according to
Johnson.
Are your
customer counts increasing? In 30 seconds or less can you tell everyone what is
fueling your growth? What is your new
electricity? Customer relevance is a brand moving with consumers not one
practicing brand protectionism. Consumers are dynamic not static is your brand
dynamic?
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