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A payment system is any system used to settle financial transactions by transferring monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make exchange possible.
In a constantly evolving world, the restaurant industry is not left behind. The buzzword “omni-channel” is no longer confined to the retail sector; it has gracefully entered the food and restaurant sector, promising a revolution that caters to the modern consumer’s desire for convenience, speed, and personalization. The Omni-Channel Revolution […]
SinBun is a local ghost kitchen offering unique savory and sweet twists on cinnamon buns, such as buffalo chicken and cookie crumble toppings. This ghost kitchen turned a traditional cinnamon bun into a savory steak & cheese roll for two.
The last mile is the final leg of the journey for a product, from the fulfillment center to the customer’s door. It is often the most expensive and time-consuming part of the supply chain and the most critical. A well-run last-mile operation can ensure that products are delivered on time, […]
Online food delivery returned in 1982 when John Sylvan and Thomas Fernandez thought of SmartFood: a frozen burrito that could be cooked and eaten at home. Preparing food and having it delivered isn’t new; as a matter of fact, it’s been around for quite a while. Some might believe that […]
Type Description Examples Grocery Store Small store with a limited range of everyday items. Often open for long hours. Local grocery stores Supermarket Larger store with a wide variety of products, including non-food items. Kroger, Tesco, Safeway Hypermarket/Supercenter Combines a supermarket and department store. Sells a vast range of products. […]
Chipotle, the renowned fast-casual Mexican chain, is embarking on a new journey. The destination? The heart of small-town America. A Strategic Move: Beyond Urban Centers Chipotle has been a familiar name in bustling urban centers. It’s now setting its sights on smaller markets. This move is part of the brand’s […]
Amazon has decided to close its physical stores, even as consumers return to in-person shopping. The pandemic accelerated e-commerce, with online sales expected to surpass $1 trillion. Despite this, most consumers still prefer physical stores. Surprisingly, Amazon closed all its bookstores, 4-star stores, and pop-ups, leaving only the Amazon Style […]
Lincoln Restaurant, a beloved Washington D.C. dining institution, has introduced a new ghost kitchen brand called White House Sandwiches. The new brand offers a variety of handcrafted sandwiches, subs, hoagies, and cheesesteaks, all inspired by Lincoln’s owner and proprietor Alan Popovsky’s Philadelphia and Southern New Jersey roots. Ghost Kitchens: A […]
DoorDash, a prominent delivery operator, is shutting down the robotics company Chowbotics. This move results in layoffs and indicates a significant delay in DoorDash’s journey towards automation adoption. The acquisition of Chowbotics, known for its automated salad-making machine “Sally,” was initially seen as a promising step for DoorDash in early […]
Ghost kitchens, also known as cloud or virtual kitchens, are changing the face of the restaurant industry. These digital-only establishments, devoid of traditional storefronts, have surged, especially during the pandemic. While they existed before COVID-19, their growth skyrocketed as indoor dining became risky. These kitchens can be standalone or operate […]