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HOSPITALITY AND RESTAURANT SECTOR
– CANADA AND THE WORLD
Paul Young CPA
February 23, 2023
PAUL YOUNG – SENIOR DATA
AND AI EXPERT
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul.young_cga@outlook.com
Linked-In: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
AGENDA
• Food and Drinking Places Sales
• Automation
• Staffing / employment
• Food and Beverage Sector
AUTOMATION
HOSPITALITY
SECTOR
• Virtual Trips - https://coleofduty.com/news/2020/06/21/2020-
2025-virtual-reality-in-tourism-market-is-booming-worldwide-
global-industry-size-growth-segments-revenue-manufacturers/
• Automation - https://www.revfine.com/technology-trends-
travel-industry/
• Automation -
http://www.hospitalitybizindia.com/detailNews.aspx?aid=38291
&sid=1
• Robotic Servers - https://www.reuters.com/article/us-health-
coronavirus-netherlands/robots-dish-out-the-drinks-at-
reopened-dutch-restaurant-idUSKBN2392I4
• Robotics waiters and bartenders -
https://www.winespectator.com/articles/robot-bartenders-
waiters-surge-in-demand-in-pandemic-unfiltered
• Tax policy will need to change as part of automation changes
by the hospitality sector, i.e. robot tax, automation tax, etc.
• IBM Analytics - https://www.ibm.com/ca-en/products/planning-
analytics and Cognos Analytics -
https://www.ibm.com/products/cognos-analytics/features
• My work on small to medium size businesses
• https://ibm.box.com/s/gs1kdowdb0nh93wr9txch4fyihhgqd3t
• Close, consolidate, and reporting -
https://ibm.box.com/s/i7efp948qvb5l8bt96y8sigsup8yes2u
• Food warehousing and distribution - My blog -
https://www.linkedin.com/pulse/blog-grocery-food-distribution-
automation-paul-young/?published=t
STAFFING/HUMAN CAPITAL
MANAGEMENT
FOOD AND
BEVERAGE
SECTOR
Source – Stats Canada
FOOD AND
BEVERAGE
SECTOR
Source – Stats Canada
WHAT’S NEXT
• Food and hospitality sector will continue to adapt to the new market
Blog – Food and Drinking Places Analysis and Commentary for January 2023
T
op innovation for the food and drinking sector – https://www.lovethatdesign.com/article/hospitality-
innovation-summit-2023-top-takeaways-on-the-future-of-hospitality-in-the-middle-east/
Improving crop yields in a sustainable way is key to addressing both food costs and security -
https://www.producer
.com/news/crop-yields-can-be-increased-sustainably-nutrien/
Food waste - https://finance.yahoo.com/news/food-waste-management-industry-players-
083000704.html
Water and Food Production - https://www.spglobal.com/esg/insights/featured/special-editorial/how-
global-food-producers-are-responding-to-rising-water-stress
T
op 10 restaurant trends - https://fooddigital.com/articles/top-10-restaurant-trends-for-2023
Food prices and food security - https://www.wfp.org/news/food-inflation-and-currency-collapse-
threaten-food-security-middle-east-and-north-africa
Food costs and vertical farming - https://www.wfp.org/news/food-inflation-and-currency-collapse-
threaten-food-security-middle-east-and-north-africa
Restaurant and automation - https://www.thecaterer
.com/business/technology/spotlight-robots-
automation
20232503_Food
Waste.pdf
20232403_Top
Innovation for Hospitality.pdf
20232403_Food
Production and Water.pdf
Blog - Top
Restaurant Trends.pdf
Blog - Food Security
and Prices.pdf
20232403_Vertical
Farming.pdf
Blog - Meeting Food
Challenges.pdf
Restaurant Sector
and Automation.pdf
Food and Drinking
Places.pdf

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Hospitality and Food Services Sector - January 2023.pptx

  • 1. HOSPITALITY AND RESTAURANT SECTOR – CANADA AND THE WORLD Paul Young CPA February 23, 2023
  • 2. PAUL YOUNG – SENIOR DATA AND AI EXPERT • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: paul.young_cga@outlook.com Linked-In: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa Youtube - https://www.youtube.com/user/youngercga1968/videos
  • 3. AGENDA • Food and Drinking Places Sales • Automation • Staffing / employment • Food and Beverage Sector
  • 4. AUTOMATION HOSPITALITY SECTOR • Virtual Trips - https://coleofduty.com/news/2020/06/21/2020- 2025-virtual-reality-in-tourism-market-is-booming-worldwide- global-industry-size-growth-segments-revenue-manufacturers/ • Automation - https://www.revfine.com/technology-trends- travel-industry/ • Automation - http://www.hospitalitybizindia.com/detailNews.aspx?aid=38291 &sid=1 • Robotic Servers - https://www.reuters.com/article/us-health- coronavirus-netherlands/robots-dish-out-the-drinks-at- reopened-dutch-restaurant-idUSKBN2392I4 • Robotics waiters and bartenders - https://www.winespectator.com/articles/robot-bartenders- waiters-surge-in-demand-in-pandemic-unfiltered • Tax policy will need to change as part of automation changes by the hospitality sector, i.e. robot tax, automation tax, etc. • IBM Analytics - https://www.ibm.com/ca-en/products/planning- analytics and Cognos Analytics - https://www.ibm.com/products/cognos-analytics/features • My work on small to medium size businesses • https://ibm.box.com/s/gs1kdowdb0nh93wr9txch4fyihhgqd3t • Close, consolidate, and reporting - https://ibm.box.com/s/i7efp948qvb5l8bt96y8sigsup8yes2u • Food warehousing and distribution - My blog - https://www.linkedin.com/pulse/blog-grocery-food-distribution- automation-paul-young/?published=t
  • 8. WHAT’S NEXT • Food and hospitality sector will continue to adapt to the new market Blog – Food and Drinking Places Analysis and Commentary for January 2023 T op innovation for the food and drinking sector – https://www.lovethatdesign.com/article/hospitality- innovation-summit-2023-top-takeaways-on-the-future-of-hospitality-in-the-middle-east/ Improving crop yields in a sustainable way is key to addressing both food costs and security - https://www.producer .com/news/crop-yields-can-be-increased-sustainably-nutrien/ Food waste - https://finance.yahoo.com/news/food-waste-management-industry-players- 083000704.html Water and Food Production - https://www.spglobal.com/esg/insights/featured/special-editorial/how- global-food-producers-are-responding-to-rising-water-stress T op 10 restaurant trends - https://fooddigital.com/articles/top-10-restaurant-trends-for-2023 Food prices and food security - https://www.wfp.org/news/food-inflation-and-currency-collapse- threaten-food-security-middle-east-and-north-africa Food costs and vertical farming - https://www.wfp.org/news/food-inflation-and-currency-collapse- threaten-food-security-middle-east-and-north-africa Restaurant and automation - https://www.thecaterer .com/business/technology/spotlight-robots- automation 20232503_Food Waste.pdf 20232403_Top Innovation for Hospitality.pdf 20232403_Food Production and Water.pdf Blog - Top Restaurant Trends.pdf Blog - Food Security and Prices.pdf 20232403_Vertical Farming.pdf Blog - Meeting Food Challenges.pdf Restaurant Sector and Automation.pdf Food and Drinking Places.pdf