TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 LO 1.................................................................................................................................................3 LO 3.................................................................................................................................................6 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................12
INTRODUCTION Food & beverage industry basically encompasses all the outlets and establishments which are mainly involved in the providing food services to wide range of customers. The Fat Duck restaurant is primarily a restaurant being established in 1995 and placed in Berkshire, England and run by the chef Heston Blumenthal. It provides a range of services to their customers ranging from food to beverages and drinks. This report addresses various kinds of businesses in food and beverage industry, rating system utilized at national and international level, Current & future trends in F & B industry, Impact of current trends on Food & Beverage businesses, Adaptation of F & B business to these future needs, Comparison between operational technologies, Role of operational technologies in increasing business performance, Evaluation of operational technologies impact on customer behaviour, Comparison between marketing technologies, Role of marketing technologies in increasing business performance and Evaluation of marketing technologies impact on customer behaviour. MAIN BODY LO 1 Various kinds of businesses in food and beverage industry Food and beverage industry generally encompasses all the companies which are involved within the processing of various raw material relating to food, packaging as well as distributing them. This industry has shown a remarkable growth in the market since the emergence of globalization and has flourished its business to a great extent(Davis and et.al, 2018). There are different kinds of businesses which has helped this industry to grow and achieve their objectives. Hotels Hotel is basically an establishment or a managed building that offers its guests a place where they can stay overnight for short term in exchange for defined amount. The various amenities as well as the services provided to their guests vary drastically from hotel to hotel. The main aim of hotels is to entice the specific types of customers via their pricing and marketing strategy. Restaurant A restaurant is predominately an establishment where the food as well as drinks are prepared and servedto the customers for the exchange of defined amount of money which are
either paid before eating or during running tab. Services varies greatly from one restaurant to another like some offer delivery services while some provide take-out but the overall goal of any restaurant is to ensure the satisfaction of customers along with the creation of good customer base. Catering This is the well established business that provides food and other services at the remote location or site like hotels, pubs, aircraft, hospitals etc. Catering is sub-categorized into various services like mobile catering, shipboard catering etc. Here the major goal is to develop the service by feeding large customers and meeting their needs. Rating system utilized at national and international level There are generally various rating systems which are being used by the customers to rate different restaurants. These are used both nationally as well as intentionally. Safe food, better business(SFBB) Thisratingsystemfacilitatesthesmallbusinessestablishmentswhicharemainly involved in various catering as well as takeaway businesses. Through this, the restaurants and hotelsensuresthatthemealisbeingpreparedinaccordancewiththefoodandsafety management guidelines(Vilchis-Gil and et.al, 2015). This in turn helps the consumers who search for the best establishments to find the better one according to their rating. The restaurants who follow these guidelines have the best rating which assists customers in choosing the right one. Food hygiene rating system This is the another rating system which is being used at both the level national as well as international. Here the restaurants are rated on the basis of hygiene standards. The establishment stringently following the hygiene standards are given a score of 5 while the one which does not follow are given the lowest score. Restaurant having the highest rating is awarded the best restaurant which reflects upon the social media when consumers search for best restaurant and thus aids in finding the right one. Current & future trends in F & B industry The ongoing century has provided a variety of opportunities to the F & B industry where they can grow their business and thus the changing trend has enabled them to expand in each and every corner of the world. The major current trend which has influenced the F & B industry is
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the rising demands of the consumers for healthy and sustainable food. Now a days consumers wants fat free food along with the beverages which contain no sugar content in order to reduce the issue of obesity and to overcome other health diseases(Jensen and Ronit, 2015). Another trend which has reshaped the entire industry is the need of pre packed food as almost all the people including women are engaged in job therefore they need food which is ready to made and also healthy. Talking of the future trend, It has been reported that the this rising awareness of consumers for healthy food has led them towards the search of plant based meal and this search is estimated to increase in future. People will look for the restaurants and hotels which serves plant based food and ingredient from the plant extract. Another future trend that will transform the entire industry is the advancement in technology. With the growth of various sectors, the technology need will likely increase in future therefore will compel the F & B industry to make major changes in their technology and adapt to the changes. Impact of current trends on Food & Beverage businesses The customer preference for healthy and sustainable food has revolutionized the various F & B businesses and has compelled them to change their entire food processing. This has also affected The Fat Duck restaurant where they are providing fat free dishes to their customers. The increasing demand of customers for low sugar beverages and drinks has enabled this restaurant to change the composition of their drinks and provide drinks free from sweeteners and sugar compounds. Besides this, they have altered their beverages and has decided to serve meals with low sugar content. Along with this, now the customers has become more health conscious and need transparency in every aspect(Kumari and et.al, 2017). They remain eager to know the type of ingredients that goes into the meal and are looking for the restaurants which serves food that reflect their personal values. This has influenced The Fat Duck restaurant to become more cautious of the ingredients which they are using for the food and comply strictly to Food and Quality standards. To meet this demand of consumers, This restaurant has started a new service where they prepares the ordered meal in front of the customers to maintain the degree of transparency. Once the customers has ordered, the staff of restaurant shows all the ingredients which they are using and simultaneously prepares the food so that customer remain aware of their food content. This has eventually increased their brand value and customer base.
Adaptation of F & B business to these future needs The increasing awareness among the customers for healthy food has led them to shift their preference to plant based meals. A 2019 survey report has shown that the preference of the consumers for fermented and plant based foods will continue to increase in future. This has enabled the Fat Duck restaurant to have a thought on their food processes and has thus drive them towards the innovation and creativity in their meals(Del Chiappa, Martin and Roman, 2016). The restaurant has decided to change their products and restructure their popular items that will contain no saturated fats and will be GMO free. They are now working to include plant based options in their menu as well as the fast food and sea food which contains high amount of unhygienic content will be transformed to the meal that will contain the ingredients from natural plant extract. Another trend which has impacted Fast Duck restaurant in a greater way is the raising need of customers for advanced technology. With the advancement in technology, each and every consumers prefer those restaurants which has high operational technologies that serve them better. In this context, Fast Duck restaurant will needto work upon their existing technology to innovate in a new way. Like more than half of the population prefer restaurant where they do not have to stand in a queue for ordering their food thus the restaurant would have to bring a software or technology through which the guest can place their order by being seated on their place within just a click. Besides this, the would have to work on their search engine as the customers prefer those restaurant sites for ordering the meal which has simple process of contacting with the restaurant as well as transaction. LO 3 Comparison between operational technologies Fast Duck restaurantThe Ledbury This restaurant uses Touch screen terminals which is equipped with a restaurant software that makes it easier for the staff to take the order.Besidesthis,itactasaninterface through which the orders place goes directly to the kitchen and helpsthem in faster order TheLedburyrestauranthaverecently introduced a new technology which is Self- order Kiosk. With the help of this, customers are able to make their own package along with their own ingredients which they want in their food. This has eventually helped the restaurant
processing.to shorten the line for ordering and also has provided freedom to the staff for doing other tasks. Fast Duck restaurant has developed their own mobile app by the name “Fast Duck”which facilitateseasyorderingofthefoodby customers and also help them to place the order in just two steps(Borges Lopes, Freitas and Sousa, 2015). This restaurant has its own app “The Ledbury” through which the customers can place their order hassle free in a single click. They have added an additional benefit in their app where customerscanevenseetheambienceand crowd in the restaurant live. Restaurant has a well defined Kitchen display screen(KDS) mounted on their kitchen wall which shows the customers all their orders along with the time taken for its processing. This also helps the back house team of the restauranttoknowwhichorderbelongsto whom as well as keep them organized with time taken to serve the food. The Ledbury has provided its customers with Handheldtabletwhereitenablesthemfor ordering on the table along with the payment and they have to wait for lesser period of time fortheorder(ShahidiandAmbigaipalan, 2015). This eventually helps the restaurant by increasing the amount of visitors served as well as order numbers fulfilled. Role of operational technologies in increasing business performance The various operational technology used by these restaurants eventually helps them in increasing the customer number along with attracting the new customers. As more and more customers has now become technology driven thus having equipped with the latest and advanced platform ultimately drives the revenues and sales of the restaurants. Like the Touch screen terminals used by Fast Duck restaurant helps the customers in smooth placement of order. This speeds up the order processing which results into orders entering the kitchen in greater number and hence more food going out(Bayona-Saez and et.al, 2017). This in turn increases the efficiency as well as the performance of the restaurant as more order means more customer and more customers means more profit and revenue. The restaurant upgrading to the advanced technology are likely to capture a greater market share as along with customers, suppliers are also keen to work for that business which have a great sense of innovation in every aspect. For example Self-order Kiosk facilitates less time for ordering the food as the customers can make
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their food package on their own. This saves their time as they do not have to stand in a long queue for their food. Less processing time in turn increase the goodwill of the restaurant in minds of the customers which leads to more number of customers. This high number in the end increases the sale of restaurant and also attracts the new customer through word of mouth. Thus, the various operational technologies used by the restaurants directly assist the businesses to become a market leader and expand on large platform. Evaluation of operational technologies impact on customer behaviour Consumers are likely to perceive those restaurants and hotels as good which satisfy their needs and leave an unforgettable experience for the. They have a common tendency of entering those establishment which serves them better and provide them hassle free services. These numerous operational technologies used by the restaurants not only help these establishments to increase their profitability but somewhere also affects the minds of the consumers who are visiting them. For example the most common technology which is being incorporated in most of the restaurants is the mobile app. Now a days, almost every hotel and restaurant designs their own app to make the customer services more efficient. This enhances the consumer behaviour as the customers prefer to order from those restaurants through which they do not have to go through a complex process for placing the order. Thus this increases their satisfaction level and thus they visit those restaurant more often. Customers tend to change their attitude towards the restaurant which provides them high quality services(Kwaw and et.al, 2018). Besides this, mostly the customers search those restaurant which minimises their delays and provide them with the food within short span of time. Thus the various technology for example Kitchen display screen helps them to view their order and the time required for processing. This increases the visit of consumers to that restaurant because they don't have to wait for long for their order andthusincreasestheirsatisfactionlevel.Besidesthis,thesetechnologiesincreasesthe experience of consumers and makes them delighted to try other services of the restaurant. Comparison between marketing technologies Fast Duck restaurantThe Ledbury ThisrestaurantusesEmailmarketingfor enticing the wide base of customers where they send customized coupons, offers, rewards to the customers in order to increase their visist. E TheLedburyutilizesitsmobileordering application as amarketing technology where theyprovidethecustomerswithasimple process to place the order of their favourite
mailmarketinghelpsthemattractmore customers by marketing their services on large platform. meal through their online app. Customers can easily make their own meal on this app and choose the delivery time on their basis. Another marketing technology used by Fast Duck is Search engine optimization to get a high organic searching for their website. With thehelpofitscustomization,theytryto becomeonthetopofthelistwhenany individualsearchesofthebestrestaurant (Wood, 2018). Customer relationship management is another marketingtechnologywhichthisrestaurant uses where they are able to track and register the customer details which in turn helps them to send personalized messages and offers to them and helps in promotion. This restaurant also entice the customers by providing online coupons which helps them to have a great number of customers. With the help of this online coupon, customers can avail various services like two meals for the price of one which eventually helps the restaurant to maintain their goodwill. The Ledbury also utilizes the technology of onlinepaymenttomakeiteasierforthe customers to pay their food bills. This helps them in promoting their services and amenities. Role of marketing technologies in increasing business performance The foremost goal of any restaurant or establishment to serve their customers better and hence increase the sales and revenues. These marketing technologies helps them to achieve this goal in a most imperative way and brings a large customer base for them. These technologies assist them in attracting the visitors and make their experience better by providing them the world class services. More the number of customers visiting the restaurant, more will be the profit and hence better will be the performance of restaurants. Like through the E mail marketing, Fast Duck restaurant sends various offers and cashback to their existing customers as well as the new customers and assist them to attract large customers(Scott, Hawkins and Knai, 2017). As more and more customers will visit the restaurant in the greed of offers, their sales will automatically increase which will boost up their performance in the market as compared to their competitors. Besides this, another marketing technology used by The Ledbury like CRM enables them to maintain a database of their existing customers as well as the new customers who visit
their restaurant. By maintaining this database, restaurant will have the access of various details about their customers and hence can send various promotional message to them. This will eventually fascinate more and more customers and will increase their sales. The performance of any restaurant is totally dependent on their sales and customer services thus a great sale and services will definitely increase their performance and will make them a market leader. Evaluation of marketing technologies impact on customer behaviour Not only does these technologies help the business to achieve their goals and objective but also modifies the buying behaviour of customers. Every consumer in this century is dependent on technology whether in their personal life or professional life. They want advanced technology and innovation in each and every sector including food and beverage. Thus whenever they visits a restaurant or hotel, all they want is good and quality services which makes them tempted to visit it more often. Marketing technologies plays a great role in changing the consumer behaviour where they perceive a restaurant as good if they are promoting their services on large level. A high marketing strategies helps in influencing the consumers and changes their attitude towards a restaurant(Clapp and Scrinis, 2017). For example a consumer have negative attitude towards any restaurant regarding its quality and services and when they extensively uses their marketing technologies to ensure the customers of their great quality, customers go to try the new quality thus, the change in services changes their perception towards the restaurant and they began to have a positive attitude. Thus, an effective and efficient use of marketing technologies drives the thinking of the consumers towards positive direction. Besides this, if the restaurant has a well designed online ordering app then the customers would find it easy to place their order as well as the new features will stimulate them to buy more products from this restaurant. These will help The Ledbury and fast Duck to change the behaviour of their customers towards them. CONCLUSION Ithasbeensummarizedthatvariouscurrentaswellasthefuturetrendshave revolutionized the F & B businesses and has impacted their operations in a great way. These trends has enabled them to alter their supply chain according to the needs of customers. Different businesses uses different operational and marketing technologies through which they increase their revenue along with attracting the great number of customers. These technologies eventually
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helped the customers to change their perception regarding any restaurant or hotel and project s a great impact on their buying behaviour.
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