The US restaurant industry is facing challenges due to inflation, supply chain disruptions, and changing consumer behavior post-pandemic, leading to bankruptcies, layoffs, and store closures of popular brands.
Key Points
Inflation, supply chain disruptions, and changing consumer behavior post-pandemic are impacting the US restaurant industry.
Many beloved restaurant chains like Red Lobster, Cracker Barrel, and Boston Market are facing financial difficulties.
Business closures, social-distancing mandates, and remote work have changed consumer dining habits.
California's new regulations and minimum wage increase have further impacted the industry.
Small businesses, including mom-and-pop restaurants, are struggling without adequate support.