food research, good read

The Future of Food

Was forwarded this presentation by Bhavish Sood which a must read

Some notes from the presentation

The restaurant business is a big gamble

Only 0.7% restaurants that have been in existence for at least three years ever paid Income Tax.

49% of restaurants are not profitable

restaurants that are bubbling all the time one can count on one hand

through Covid 41% restaurants permanently shut down; casual dining and pubs are worst affected

The current price arbitrage between casual restaurant/delivery meal and home cooked meal is 4.5 times

Work from Home – Home Chefs +18%, Home Bakers +260%

Scratch Cooking – India’s daily household ritual is America’s Innovation

10% price increase in the price of McAloo Tikki would cause a decline of 6.5% in its volume.

Get your first 150 Relationships Right; the number seems small but the challenge lies in finding fidelity, quality, and emotive connect in these relationships.

Businesses are undercapitalized because people completely underestimate what they’re going to need.

The new-age mathematics of India’s delivery machine is a multi-variable equation that only
investment bankers understand.. Domino’s is the only exception.

and much more ….

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