In the latest episode of Morning Sam, Morning Ralph, Paul Molinari sits down with the legendary Peter Romeo, Managing Editor at IFMA. With over four decades of experience covering the restaurant industry, Peter shares his insights on the current state and future trajectory of this dynamic sector. Here's the full episode below on our YouTube channel and the recap:
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Meet Peter Romeo
Peter Romeo has been a cornerstone in food service journalism since the early 80s, recognized for his insightful and unfiltered approach to covering the restaurant industry. Recently, he embarked on a new chapter with the International Food Service Manufacturers Association (IFMA), where he aims to foster communication and community in the food service space. Here, Peter discusses his role and shares his thoughts on the biggest challenges and innovations shaping the industry today.
The Role of IFMA in Today's Industry
IFMA, now the Food Away from Home Association, has evolved to serve not only food suppliers but also tech companies and restaurant operators. Peter's new role involves acting as a "Paul Revere" for industry stakeholders, alerting them to regulatory and political developments that could impact their operations.
The State of the Restaurant Industry in 2025
Peter notes that the pandemic was a turning point, forcing the industry to confront challenges, particularly in labor and technology. Wages have increased, and there's a growing recognition that career pathways must be developed. On the technological front, AI and automation are making restaurants more efficient rather than replacing jobs, a notion that was initially feared by many.
Technology's Impact on Restaurant Operations
AI and technology have become indispensable, easing the stress of restaurant work rather than eliminating jobs. Innovations are occurring at a rapid pace, with both software and hardware developments helping streamline operations. For instance, the National Restaurant Association’s recent awards highlighted AI's role even in equipment traditionally not associated with smart technology, like ice tea dispensers.
Understanding Consumer Trends
Post-pandemic consumers are more demanding, seeking out not just value in terms of price but overall experience. They are also more tech-savvy, embracing self-service options like kiosks for ordering, which can drive higher sales. Chains like Chili's have capitalized on consumer engagement by focusing on user-generated content and brand differentiation.
Major Challenges Ahead
Peter outlines key challenges the industry faces, including labor issues and rising costs. The industry's role as an everyday dining option is being threatened by affordability issues, compounded by global supply chain disruptions and political uncertainties like tariffs.
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The Shifting Landscape of Food Journalism
Trade journalism has seen significant changes, with a consolidation of media under fewer umbrellas leading to less competitive coverage. Speed and brevity are prioritized over depth, though there remains a need for thorough analysis—a gap Peter is eager to fill through his work at IFMA.
Advice for Industry Leaders
Peter advises industry leaders to engage with their employees and peers, seeking input to spearhead decisions and navigate technological adoptions. He highlights the importance of real-world insights over theoretical benefits, encouraging leaders to learn from experiences shared by other operators.
What’s next?
As the restaurant industry continues to evolve, figures like Peter Romeo remain vital for guiding professionals through its complexities. His commitment to in-depth reporting and fostering community dialogue positions him as a critical voice in the ongoing conversation about the future of dining out.
For more insights, visit IFMA’s website and subscribe to their monthly newsletter, Pulse, to stay updated on industry trends.
