Saturation & Canalization
The restaurant industry is facing a whirlwind of challenges. Hungry competitors (like tigers) wait for the slightest weakness, ready to devour opportunities. At the same time, the labor pool has shrunk to a mere puddle, making it harder to find and retain talent. Millennials, known for their finicky preferences, often shift the market with unpredictable demands.
To complicate things, activists, investors, bloggers, and journalists each play their part in scrutinizing and sometimes hastening the downfall of businesses. Platforms like Twitter magnify every misstep, while the internet transforms consumer behavior, making it harder for traditional models to survive.
Restaurants also face saturation and cannibalization, where new concepts crowd out established ones. Intellectual copycats and crooks pose as chameleons, stealing ideas and undermining genuine innovation. All these factors create an environment that demands adaptation and resilience. It's a battlefield, and survival requires sharp strategy, vision, and courage.