Industry Support

 

These projects and programs include educational resources, research, and tools to help chefs, restaurant owners, and other culinary leaders meet the many challenges in the industry today. 

 

 

Sign up for our Industry Support Newsletter here.

 

 

 

2023 was a year of fluctuating fortunes for the restaurant industry. According to the results of the 2023 James Beard Foundation Industry Report, we found more than 50% of respondents show lower profits in 2023 than the prior year, pointing to rising food and labor costs in a landscape of inflation and a tight labor pool. But distance from the pandemic’s shutdowns left respondents hopeful for the future, with a continued shift away from survival to investment in staff and creativity on the plate.

Read the full report here.

 

 

 

Financing Your Restaurant: What Models You Should Consider When, and Why

Deciding how to secure financing is one of the most important decisions a restaurateur will make. A key driver for future success within this marketplace is the type of financial contract that the restaurant owner chooses, whether debt or equity; short-term or long-term; established bank or start-up FinTech; and more.

inKind Capital, in partnership with the James Beard Foundation, has developed a white paper that seeks to clarify these different categories of restaurant financing and help current or future restaurant owners understand the trade-offs in their search for the best source of capital. A companion webinar, featuring inKind Capital CEO/co-founder Johann Moonesinghe and chief risk officer/co-Founder Andrew Harris in a conversation moderated by JBF’s vice president of programs Anne E. McBride, PhD, brings this white paper to life and answers audience questions.

Access the white paper here.

 

 

 

 

Open for Good:
Business Model Innovations

In collaboration with Deloitte Consulting 

In the fall of 2021, JBF worked with Deloitte Consulting in a project to learn from chefs and restaurateurs across the nation as to how they adapted their business models over the course of the pandemic and how they plan on adjusting their business models looking into the future. The project aims to uncover the business models that restaurants can implement to become more financially resilient and, in turn, enable them to make purposeful sustainability and equity investments.  

Access the Business Model Innovations project here.

Looking for more information on the Business Model Innovations? Watch our webinar with Deloitte here.

 

JBF Winter Restaurant Survival Survey

The Foundation regularly surveys our network of chefs and culinary professionals as part of our regular industry consultations. Our Winter 2021 survey focused on self-reported projected business viability over the coming months. Survey findings are available here.
 

2022 Industry Benchmark Survey

JBF has conducted the Food & Beverage Industry Benchmark Study to better understand the career paths of foodservice industry employers, employees, and operators. 

With this first-of-its-kind research, we hope to set the benchmark from which the broader independent food and beverage industry can progress. The findings from this study will help identify the root causes and underlying challenges that culinary professionals face in advancing their careers and allow for the design of programs that support employers and employees throughout their career. 

Full report will be released in summer 2022.
 

Virtual Education 

JBF is hosting webinars to help provide resources for the hospitality industry and to better stay connected. You can find a library of these resources, categorized by subject matter, on our virtual education page here.