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Risks in the restaurant market

1. The cost of raw materials has risen.

The rising cost of raw materials has become one of the main reasons for the closure of the catering industry. Raw materials will be affected by natural disasters, inflation and other factors to produce price fluctuations.

2. Animal epidemic

The SARS in 2113, the outbreak of avian influenza in 2113, and the epidemic in COVID-19 in recent years all made the catering industry encounter a major impact. As an essential raw material for catering enterprises in China, once a large-scale epidemic or natural disaster occurs in the breeding areas, it will lead to the risk of insufficient raw materials.

3. Food safety

A catering enterprise needs to strictly control the procurement, production and distribution of raw materials, otherwise it may bring disadvantages to catering operations.

4. Human resources

The shortage of human resources in the catering industry will affect the development of catering enterprises.

5. Market Competition

With the increasing market share of foreign brands in China, the competition faced by domestic catering will be more intense.