Re-capturing Growth in the Fast Food Industry | Infiniti Reveals the Ingredients of Success for Fast Food Companies
LONDON--(BUSINESS WIRE)--Dec 30, 2019--
A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article on how to re-capture growth in the fast food industry. This blog covers:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191230005181/en/
How to re-capture growth in the fast food industry. (Graphic: Business Wire)
Over the years, fast food companies have enjoyed high profits despite offering products and services at low costs. However, the shifting consumer demand towards healthier and premium quality products at the existing price points have left fast food chains grappling for ways to satisfy these needs. The fast food industry is primarily characterized by convenience, affordability, and speed. But modern customers in the sector are looking for much more from players in the fast food industry. Fast food chains that are able to identify and align their strategies to suit the changing market demands can ensure a stable future for their business.
Although companies in the fast food industry can expect challenging times ahead, capitalizing on the right opportunities can help harness growth and profitability for players. Request a free proposal to know how our solutions can be tailor-made to cater to your business’s unique challenges and help you seize profitable business opportunities.
Listen to your customers
In the food service industry, knowing what your customer wants and effectively catering to their demands is paramount. As consumer demands shift towards healthier and better quality food ingredients, top companies in the fast food industry have already started to incorporate these fast food industry trends into their business. Furthermore, some fast food companies have also begun to make the food in front of the customers so that they can witness the quality of ingredients used and be convinced of cleanliness and nutrition in the food that they consume.
Learn more about how we help clients in the fast food industries with agile business strategies. Get in touch with an industry expert.
Transparent marketing strategies
In today’s digital age, not all marketing strategies of fast food companies take off as expected. One of the main reasons for this is due to the lack of transparency in the marketing strategies of fast food companies. In the age of empowered customers, people have wider options to gain more information and voice their opinions than ever before. Showcasing transparency in operations as a part of the marketing strategies is one of the best ways for fast food industry companies to garner and maintain customer loyalty.
Identify untapped niche
Millennials were earlier an untapped niche for fast food companies. Reaching out to such untapped segments can open up new business verticals for companies in the fast food industry. For instance, recently a well-known fast food chain reached out to millennials in two ways: firstly, by engaging with customers and providing through online channels and by secondly, by giving this customer group a sense of community by promoting authenticity and inclusion through workshops and tastings. This also resulted in several consumers documenting their experiences through social media and word-of-mouth, enhancing the branding of the company.
You may also like to read some of our recent articles on the fast food industry:
Gain more insights on Infiniti’s solutions for companies in the food and beverage industry. Request for more information.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
View source version on businesswire.com:https://www.businesswire.com/news/home/20191230005181/en/
CONTACT: Infiniti Research
US: +1 844 778 0600
UK: +44 203 893 3400
INDUSTRY KEYWORD: RETAIL RESTAURANT/BAR
SOURCE: Infiniti Research
Copyright Business Wire 2019.
PUB: 12/30/2019 10:45 AM/DISC: 12/30/2019 10:45 AM