Today in Food Commerce: Restaurants, Grocers Leverage Technology to Take on Inflation

Today in food commerce, American Express gives grants to historic restaurants, and PYMNTS data reveal how consumers payment habits shift as they begin spending more on restaurant meals. Plus, Larry Liu, founder and CEO of eGrocer Weee, speaks with PYMNTS about how the company uses technology to mitigate price challenges.

Amex Gives $1M to Save Historic Restaurants

American Express has launched the second installment of its Backing Historic Small Restaurants Grant Program, which awards $1 million in grant money to help preserve historic small restaurants across the country.

Consumers Use Credit Cards for Fine Dining, Debit for QSR, PYMNTS Data Suggest

When it comes to restaurant spending, consumers are opting to use credit cards when they spring for a premium meal but sticking with debit when it comes to smaller-check purchases, according to PYMNTS data.

Weee Leverages Automation to Drive Affinity Amid Grocery Inflation

“Increased warehouse automation will enable us to continue to manage and ship the vast product assortment efficiently and maintain another one of our key differentiators: affordability,” Larry Liu, founder and CEO of eGrocer Weee, told PYMNTS in an interview.

ResTech Providers Race to Offer Solutions to Ease Inflation, Labor Challenges

As restaurants continue to face inflationary challenges, technology providers have the opportunity to drive sales, offering solutions that can ease their cost anxieties. Most recently, software, point of sale (POS) and payment solutions provider SpotOn announced Monday (March 21) the launch of several tools meant to specifically target these anxieties, including a profit margin calculator and a whitepaper with profit-boosting advice.