A recent survey of food and beverage leaders highlights that while a large percentage feel confident in their restaurant’s current use of mobile technology, only 48 percent feel prepared to capitalize on future innovations.
62 percent of respondents expressed doubts over their ability to keep up with the speed of mobile technology changes. And more than half (59 percent) agreed that their company faces the threat of disruption from their more mobile-enabled competitors.
“The rise of mobile ordering and on-demand food delivery services are completely changing the restaurant and guest experience,” said Simon de Montfort Walker, senior vice president and general manager for Oracle Food and Beverage. “In order to remain relevant to a rapidly evolving audience, restaurants must act quickly to modernize their mobile strategy and offerings. Today, the experience a customer has ordering online or from a kiosk can be just as essential as if they were ordering in the store.”
The study findings point to a clear and urgent need for restaurants to embrace the right mobile and back-end technology.
In addition, the findings highlight the need to embrace mobile technology to avoid being outpaced by the competition. It can also help cut labor costs and improve the guest experience – all critical components to revenue growth.
Improving loyalty and the dining experience
Today’s foodies want choices. In addition to great food, what drives their loyalty is easy ordering and delivery, fast, seamless payments, and a personalized experience.
- 86 percent of operators say branded mobile apps increase their speed of service and therefore revenue.
- 93 percent believe their guest-facing apps enhance the guest experience, promote loyalty and drive repeat business.
Cutting costs, saving time equals increased revenues
Restaurants are investing in mobile technology to cut costs and save time; including in areas such as hiring less serving staff but more runners, keeping a close eye on stock levels to avoid over-ordering and waste, and the ability to quickly change the menu and offer specials when there is an over-stock of inventory.
- 84 percent of food and beverage executives believe the adoption of guest-facing apps drives down labor costs.
- 96 percent agree, with 40 percent strongly agreeing, that expanded mobile inventory management will drive time and money savings.
Perceived future benefits of mobile technology
Restaurants are already using mobile devices for table reservations, taking orders, and processing payments. But what value do restaurateurs believe will come from future mobile innovations?
- 82 percent believe partnerships with third-party delivery services like Uber Eats and GrubHub will help grow their business.
- 89 percent believe check averages will increase thanks to in-app recommendations.
- 95 percent believe the guest experience and customer loyalty will continue to improve.
The road ahead
While most organizations rated themselves as highly able to meet new consumer demands, an undercurrent of anxiety about the future was also apparent. Only 48 percent of respondents reported that they have the tools they need to meet the mobile demands of tomorrow.
The mobility study findings show a clear path for restaurateurs. This path includes applying mobile innovation to broader areas such as inventory efficiency; getting new customers in the door; serving them more efficiently; and keeping them coming back.