If minimum wage increases, ridiculous fees and the delivery take-over weren’t enough, then a worldwide pandemic and restaurant closures sure did the trick. Despite the hard times, the US restaurant industry finished 2020 with over $650 billion in sales. Foodservice distributors tacked on another $280 billion in sales.
In an industry driven by razor thin margins and supply chain management, the financial infrastructure supporting these sales is seriously outdated, requiring long settlement times and high transaction costs. No one has time for that anymore. The world moves too fast.
It’s time for an upgrade that would benefit the entire restaurant ecosystem from the restaurant owners to their employees, suppliers and customers. Enter ChowCoin.
