Challenges Facing the US Restaurant Industry Post-Pandemic
The US restaurant industry is struggling post-pandemic due to inflation, supply chain issues, and changing consumer behavior, leading to bankruptcies, closures, and layoffs of beloved brands. California's minimum wage increase has further impacted businesses, with many having to shut down or relocate. Small businesses are particularly affected, with limited support from government stimulus packages.
Key Points
- Inflation, supply chain issues, and changing consumer behavior impacting US restaurant industry
- California's minimum wage increase contributing to closures and job losses in the fast-food sector
- Limited government support for small businesses facing economic challenges