Today in restaurant and grocery tech news: Point-of-sale (POS) technology barrels towards the digital future, while online grocers expand to new countries across Europe. Plus, Mahmood A. Khan, Ph.D., FAND, FMP., professor of hospitality and director of the MSBA program at Virginia Tech’s Pamplin College of Business, speaks with PYMNTS about how the pandemic has elevated the QSR while devastating the fine dining industry.
Lightspeed Intros Integrated Hospitality, POS Platform
Merchant POS commerce platform Lightspeed is rolling out a new restaurant tool with analytics, payments and inventory management for a one-stop, unified solution, the company said in a press release on Thursday (Oct. 14).
Digitally Powered QSRs Are Devouring Their Dine-In Restaurant Rivals
Since March of 2020, the digitization of the restaurant industry has been dramatically accelerated. While many in the industry see this as a gain, providing businesses with a way to meet the evolving needs of today’s highly connected consumers, not all restaurants are experiencing the shift as a positive thing. For full-service restaurants, the pandemic has overturned their model, leaving them at a disadvantage as restaurants look toward the post-pandemic future.
Domino’s Leverages POS Upgrades to Weather Labor Challenges
As restaurants struggle to meet the demands required to remain staffed with qualified employees, major brands are looking for ways to use technology to reduce their labor needs. Domino’s Pizza, the Ann Arbor, Michigan-based QSR giant with more than 18,000 stores around the world, is investing in in-restaurant technologies that will optimize the workflow.
Grocery Roundup: eGrocery Businesses Expand Globally
This week in grocery news, Russia’s Yandex brings 15-minute grocery delivery to London, Italy’s Everli online grocery marketplace plans to expand to two more countries, a direct-to-consumer frozen food brand aims to raise $86 million in its initial public offering (IPO), and Ahold Delhaize hits its United States self-distribution goal for 2021.
