GLOBAL WEEKLY NEWS WRAP: Fast food struggles during Ramadan; More restaurants are embracing delivery and takeout; The fast food industry gears up for automation
Here is a summary of the most interesting QSR news stories of the week from around the world.
According to an article by Arab News, American fast food is having trouble when it comes to traditional Middle Eastern food during Ramadan and other cultural and religious rituals, despite brands like McDonald’s, Hardee’s and KFC being wildly successful in the Middle East market. READ MORE HERE
CNBC reports that investors should buy Yum China shares as improving sales will drive profit above expectations, according to JPMorgan, which initiated coverage on the restaurant company with an overweight rating. READ MORE HERE
According to a report by the Wall Street Journal, fast food chains and upscale restaurants are no longer treating lunchtime delivery as an afterthought. Companies are teaming up with apps for delivery, while others go it alone; fancy restaurants are shutting down dining rooms to focus on takeout. READ MORE HERE
New York became the third and largest major U.S. city to guarantee a measure of scheduling smoothness to fast food workers, according to an article by Reuters. READ MORE HERE
According to an article by Entrepreneur, fast-food franchises often get a bad rap for being slow to change, but this time they find themselves in the unique position of being among the first in the food-service realm to make a major investment in automation. READ MORE HERE
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