Global Markets, News, Uncategorised

Asia’s foodservice landscape is transforming with AI

Technology is a crucial tool for foodservice in Asia as AI is transforming the dining experience of customers into a futuristic affair.

Technology is fast emerging as a crucial tool for the ever-changing foodservice landscape in Asia by seamlessly transforming the dining experience of customers into a futuristic affair.

Players in the foodservice sector, especially quick-service restaurants (QSR), are deploying innovative artificial intelligence (AI) tools to enhance customer experiences as well as improve operational efficiencies to boost their bottom line in a highly competitive environment, says GlobalData, a leading data and analytics company.

“There is a growing adoption of digitalization tools, including mobile apps and self-service kiosks, as well as innovative engagement initiatives such as delivery platforms, to improve customer experiences,” said consumer lead analyst at GlobalData, Parthasaradhi Reddy.

“Tech-savvy Asian shoppers, often the Gen Z and Gen Y customers, appreciate the convenience of high-tech attributes and smartphone/app compatibility. This is concurred by 31 per cent of Asian millennials in a recent GlobalData survey wherein they admitted finding high-tech attributes to be essential, while 26 per cent of Gen Z respondents stated the same.”

“McDonald’s China, for instance, is testing RFID technology aimed at reducing the time required for stocktaking, thus improving supply chain competency. Yum China, on the other hand, rolled out an innovative app leveraging AI to provide insightful recommendations to customers while simultaneously being senior-friendly with an easy-to-use interface.”

“While third-party delivery services have already seen a rise in penetration across the foodservice landscape, the next few years will be significant for improvements in the dining space, thanks largely to new and innovative technologies,” said account director at GlobalData Singapore Tim Hill.

“The integration of technology is designed to boost the evolution of Asia’s foodservice industry, overhauling every aspect, including food preparation, customer interaction, ordering, dining, and delivery experiences for both customers and outlets alike. Technology can also help alleviate logistical challenges such as labor shortages in the industry.”

“The integration of technologies ranging from mobile apps to kitchen management systems is completely revitalizing the restaurant experience for customers,” Reddy added,

Hill said, “Economic volatility is making consumers price sensitive and forcing them to give up loyalty to explore new and varied foodservice outlets. Restaurants therefore view AI-based robots as an effective means to boost guest experiences without increasing costs.”

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