The Digital Restaurant

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In this episode of the Digital Restaurant Podcast, we dive into several key industry trends and developments. We discuss Wonder's surprising acquisition of Grubhub at a steep 91% discount, exploring how this deal could bolster Wonder's vision of a "super app" for mealtime. The conversation shifts to the growing impact of Ozempic on the restaurant industry, with discussions around how reduced appetites might affect dining behaviors and prompt restaurants to rethink menu offerings. We also tackle the challenges CFOs face in financing restaurant tech, as the industry grapples with the high costs and benefits of tech investments. We touch on the rising trend of self-ordering kiosks, exemplified by chains like Bojangles and Shake Shack, and the potential for loyalty integration. Finally, we explore Serve's acquisition of Vebu, marking a potential shift toward a consolidation of automation technologies in the restaurant space

Timestamp:
00:01:14 Wondering why Wonder grabbed Grubhub?
00:05:44 What does Ozempic mean for restaurants?
00:09:4 RFDC Highlights: Financing Technology
00:13:52 More evidence to show that kiosks were the tech to have in 2024
00:17:03 Serve Buys Autocado

Articles mentioned in the video:
Wonder Grabbing Grubhub
Wonder Acquiring Grubhub - Restaurant Business Online
https://bit.ly/3sbsD4f

Wonder Buys Grubhub for a Stunning Discount - IB Times
https://bit.ly/45n1q6h

Wonder Grabs Grubhub: WSJ
https://bit.ly/45n57X4
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What Ozempic Means for Restaurants
Ozempic's Impact on Restaurants - Franchise Times
https://bit.ly/45n0SoI
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Financing Technology in Restaurants
Restaurant CFOs Embrace Technology - Franchise Times
https://bit.ly/45lFy6I
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Kiosks as a Key Tech Trend in 2024
Bojangles and Grubbrr Installing Kiosks - Restaurant Dive
https://bit.ly/45mf9l4
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Serve Robotics Buys Vebu (Autocado)
Serve Robotics Buys Vebu - Restaurant Dive
https://bit.ly/45n5aM2

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

Articles mentioned in the video:

1. DoorDash and Toast are quietly becoming Shopify
2. Related Article: DoorDash Debuts Commerce Platform, Mobile App Support for Merchants
   
   
3. Instacart is likewise wrapping around its B&M clients
   Related Articles: Instacart focuses on diversifying tech, brand partners to fuel growth
   Instacart adds games, personalized coupons to its smart carts

4. Supply chain AI supporting Wendy's & Chipotle
Related Article: Supply chain AI supporting Wendy's
5. Lists - finally!

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

Is drone delivery the future of dining convenience, or simply a fleeting trend? Let's unveil the groundbreaking partnership between Serve's robot delivery and Wing's drone technology, poised to revolutionize how food finds its way to your doorstep. By synergizing Serve's short-distance, heavy-load capabilities with Wing's high-speed, long-distance prowess, we explore a new era of delivery efficiency that could breathe new life into ghost kitchens. Yet, as with any innovation, we're faced with the complexities and logistical hurdles inherent in this dynamic ecosystem.

On another front, the ever-pertinent issue of data privacy in restaurant delivery takes center stage. Recent legal developments in New York City have stirred the pot for platforms like DoorDash and Grubhub, putting the spotlight on the disparities in data access between large restaurant groups and independent operators. We'll discuss innovative approaches to data sharing that aim to balance consumer privacy with business growth. Meanwhile, Thanks and Attentive's collaboration offers a masterclass in leveraging SMS marketing to foster customer loyalty, exemplified by Babacus's impressive results. As the digital dining landscape evolves, we invite you to reimagine your dining experiences through the lens of technology and data.

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

What if your food delivery arrived late 98% of the time? Join us as we explore staggering statistics from InTouch Insights on the current state of the digital restaurant landscape. Meredith and Carl reveal why younger consumers under 45 are setting the trend in delivery orders and discuss the intricate challenges of ensuring on-time deliveries—only 2% hit the mark! We dissect the complications of batching orders, delve into the importance of accurate delivery estimates, and uncover Pepsi's creative strategies to drive pizza sales on DoorDash. Plus, find out how AI could be the game-changer for "lazy yet smart" workers looking to excel in this fast-paced industry.

Switching gears, we dive into the transformative power of AI within business and technology. Learn why hiring smart, efficient workers who can harness AI is critical, and discover the potential of AI agents to replace traditional apps, paving the way for personal digital assistants. We offer actionable insights on integrating AI into your decision-making processes, highlighting tasks ripe for automation and those best handled through human-machine collaboration. Finally, hear from Joe Park, CTO at Yum, about balancing tech investments with human interaction in hospitality, and get the scoop on Olive Garden's strategic move to partner with Uber Eats, all in response to evolving consumer demands.

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

Can technology enhance your dining experience, or is it slowly eroding the personal touch that makes dining special? Join us as we dissect Pete Wells' provocative retirement essay and engage in a lively debate between Meredith and Carl on whether technological innovations like kiosks and mobile ordering are a blessing or a curse for the hospitality and restaurant industry. While Wells laments the loss of personal interaction, Meredith counters with compelling arguments on the efficiency and satisfaction that technology brings to fast food and casual dining. Drawing insights from our book "Delivering the Digital Restaurant," we delve into the generational shift towards digital preferences and how modern diners are redefining the dining landscape.

Beyond the dining room, we delve into the financial dynamics between restaurants and delivery platforms like DoorDash and Uber. Learn how restaurants might be inadvertently funding these platforms through merchant-funded promotions and the broader implications of this trend. We also explore the groundbreaking potential of reinforcement learning in AI, revealing how it can elevate customer experiences, streamline operations, and drive future growth. Amidst mixed economic forecasts, there's a tech-driven transformation underway in the restaurant sector—tune in to discover how these advancements are reshaping your dining experience and the industry as a whole.

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

How would your restaurant handle a massive global outage affecting millions of devices and services? On this episode of the Digital Restaurant, we dissect the recent CrowdStrike crisis, shedding light on how it exposed critical vulnerabilities across various industries, including restaurants. Learn how businesses like Starbucks took a proactive approach to turn a negative situation into a customer win by offering free coffee during the outages. We'll equip you with actionable strategies to prepare for IT failures, ensure vendor and system redundancy, and maintain robust communication to support your customers during such disruptions.

Next, we dive into California's Prop 22 and its significant impact on gig workers and companies like Uber, Lyft, and DoorDash. Discover the legislative complexities and what this means for the future of the gig economy. We also spotlight Bojangles' cutting-edge AI, Bo Linder, revolutionizing drive-thru service, and explore its potential future applications. Finally, we examine New York's Restaurant Reservation Anti-Piracy Act and its implications for the dining industry. Hear about the measures being implemented by restaurants and reservation platforms to combat unauthorized reservation sales and what this could mean for your next dining experience. Don't miss this comprehensive discussion that ties back to our book series, Delivering the Digital Restaurant.

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.

Send us a text

What if a new law could make your favorite takeout significantly more expensive? Join us on this week's The Digital Restaurant as we unravel the profound impacts of Seattle's new delivery driver wage laws on local eateries. You'll uncover how a $26.40 minimum wage and additional mileage fees have led platforms like DoorDash and Uber Eats to impose a $5 surcharge, slashing delivery demand by half. We explore how restaurants like Bok Bok Fried Chicken and Biscuits are tackling these challenges head-on by creating their own delivery services to manage costs and enhance customer experiences. Plus, we dive into the broader implications of similar laws across the U.S., revealing the uncomfortable truth about consumer benefits from low driver wages.

Peek behind the curtain of restaurant management as we weigh the benefits of employing W-2 hourly drivers versus 1099 gig workers. Learn why maintaining visibility on third-party marketplaces remains crucial, even when handling deliveries in-house. We also introduce you to the exciting world of dashboard dining through Maviio's On my Way platform, which promises to revolutionize pickup orders. Finally, see how Kura Sushi leverages cutting-edge automation to stay competitive amidst soaring labor costs and shifting consumer behaviors. Discover how effective marketing can make all the difference in communicating their value proposition without resorting to heavy discounts. Don't miss this insightful episode that navigates the future of restaurant delivery and the technologies shaping it.

Support the show

🔔 Subscribe to The Digital Restaurant Podcast and follow us on YouTube for more episodes that combine the love of food with the latest in technology. Your next restaurant tech adventure starts here!

📖 Get your copy of the Delivering the Digital Restaurant books at www.theDigital.Restaurant

🎤 Have Carl or Meredith come and speak at your company conference! Learn more at www.theDigital.Restaurant

🎙️📰Please subscribe to our newsletter and connect with Carl & Meredith's Delivering the Digital Restaurant page on LinkedIn for their twice-a-month newsletter.