I just returned from Chicago after attending the National Restaurant Association Show. If you have never been there, it is quite a spectacle; over 60,000 people were registered for the show and suppliers representing everything and anything used in the food service industry filled over 2.5 million square feet exhibit space. My feet are sore just thinking about it.
There was one common theme that I found everywhere: INNOVATION. New restaurant equipment, systems, supplies and ingredients were presented to provide restaurant owners a means to improve their customers’ experience while driving down costs.
A fascinating talk by Wallace Doolin (former CEO of TGI Friday’s) summed up the fundamental issues that are driving this need in the restaurant industry:
- There are no new drivers of customer growth in the U.S.; the historic expansion of restaurant visits due to two-income families dining out has matured.
- Customer expectations are transforming at ever increasing rates due to rapid technological-driven changes (Internet, social media, etc.)
- The value equation is changing; there is very little room for differentiation in price and quality as the ability to deliver a given quality at a competitive price is being pressed to the limits. Customers are now looking for a unique EXPERIENCE.
The key to solving this problem is innovation. Restaurants that can create a unique experience and continuously evolve to keep it fresh will win. Agility will be a key organizational attribute; identifying new technology and providers that can quickly evolve will play a significant role in the success of these restaurant operators.
Customer interaction also was a topic of discussion at the show. There is a consensus that consumers want a more personalized and interactive experience. This begins in the direct communications with consumers and flows into the restaurant experience. Consumers want to feel that they are being heard, so localization of the store messaging will play a role in shaping this experience.
If you attended this year’s show, I’d like to hear from you. Let me know what interested you in terms of products, trends and discussions.



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