The restaurant industry is more competitive and challenging than ever before. Mobile ordering is placing fresh pressures on the kitchen. Wage inflation is weighing on the industry’s profit margins, especially in top states such as California and New York. And food tastes are evolving as people aim to live healthier lifestyles. Yahoo Finance executive editor Brian Sozzi sits down with celebrated restaurateur Danny Meyer to explore the world of restaurants. Meyer is the acclaimed author of “Setting the Table,” which many in the restaurant industry credit with establishing a new standard in hospitality. Meyer also founded Shake Shack (SHAK), helping to take it from a hot dog cart in New York City to a public company with hundreds of locations worldwide. The pair discuss the future of restaurants in America, and Meyer’s top advice to getting ahead in the competitive industry. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.
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