Has Starbucks survived the storm and will Fast Casual face a similar challenge?
Every company was met with challenges during the recession. Some have made it through the tough times in the restaurant industry and a few have flourished. What is it that made Panera outshine Boston Market or Chipotle over shadow the likes of Baja Fresh?
The answer is simple, provide a level of quality, service and experience to the consumer and help them escape the madness if just for a little bit. This is why Fast Casual continues to be the darling of the industry and no wonder why many concepts are flocking to the business segment that defied the business strategy of some of the biggest restaurants in history.
We have not faced times like these much, where business is actually growing during down times. Up is Up says Don Fox of Firehouse Subs, recently selected as the number one fast casual concept in the sixth annual Fast Casual Top 100. But the danger of market saturation and consumer fatigue could be on the horizon for Fast Casual.
I continue to analyze and research the amazing phenomenon that I identified in the 90's and eventually coined the term and started the website Fastcasual.com. The real magic for the future of this segment won't be in the creation of cool brands, it will be in understanding the fickle consumer, whom Starbucks almost lost.
Choice will continue to be the one challenge for Fast Casual and it’s one we can’t ignore. First mover does not make you a winner, but keeping up with what the consumer wants will. This is what saved the industry giant Starbucks and could help many emerging brands survive the storm approaching.




