Nightfood Holdings Inc.’s (NGTF) Subsidiary Prov
Post# of 284
(Total Views: 30)
Posted On: 11/20/2024 4:02:39 PM
Nightfood Holdings Inc.’s (NGTF) Subsidiary Provides Lifeline to Hospitality Industry by Making Robotic Automation Accessible
Companies in the hospitality industry are fighting for their very survival. Rising labor costs, staff shortages and other massively disruptive employment trends have made it increasingly difficult for companies to survive, whether they are startups or established entities.
In this environment, innovation is no longer optional — it is essential.
Businesses that fail to adopt new technologies, such as robotics, will soon find themselves out of business. Nightfood Holdings (OTCQB: NGTF) and its new subsidiary, Future Hospitality Ventures Holdings Inc., are making robotics accessible to hospitality operators, allowing them to tackle these existential challenges head on.
The Automation Imperative
Automation has shifted from being an undervalued resource to becoming a requirement for the service industry.
In hospitality, where so many different aspects are critical to a surviving business, robots can handle undervalued tasks, saving critical money and time. Automation not only reduces mishaps but also improves service quality and operational efficiency. Robots work tirelessly, allowing operators to offset the challenging labor market.
Unfortunately, there are major obstacles to implementing automation. The most significant of these is the high upfront costs for purchasing, installing and maintaining technology. These costs have made it crippling for many smaller companies to make the leap. Until now.
The innovative Robots-as-a Service (“RaaS”) business model employed by Future Hospitality allows operators big and small to implement needed automation technology with minimal upfront investment.
By allowing businesses to lease robots instead of buying them, these operators have access to the latest technology and ongoing tech support without a massive upfront investment that then needs to be depreciated over many years.
Why Companies Must Embrace Automation
The need for automation in food services is driven by several factors, including:
- Human errors: The hospitality industry has been grappling with workforce disputes and labor shortages, especially post pandemic. Automation helps fill this gap, diminishing the impact of high staff turnover rate and the cost of training.
- Cost pressures: Rising minimum wages, worker training and operational costs make it imperative for companies to find ways to reduce expenses. Robots are much more cost effective, reducing the need for a large workforce and the headaches that come with it.
- Consumer expectations: Today’s customers expect fast and seamless service. Automation enhances the customer experience by speeding up service and improving accuracy, ultimately leading to higher customer satisfaction and loyalty.
Companies that resist these technological advancements risk falling behind—and will likely end up simply closing their doors. They’ll cede their market share to competitors who embrace automation because those entities can provide superior service for lower cost while retaining critical operating margins.
The Role in RaaS
Future Hospitality’s innovative RaaS model allows access to advanced robotic solutions for companies that would otherwise not be able to afford such technology. For many operators, this will literally be the difference between existence and extinction.
Future Hospitality Ventures provides a range of AI-enabled robotic systems designed to streamline operations in food service. These robots can be deployed quickly, offering a “plug-and-play” experience that minimizes disarrangement and maximizes efficiency. By offering RaaS, the company not only lowers the cost barrier but also ensures that its clients have access to the latest technology, complete with regular software updates and technical support.
The benefits RaaS for food-service operators are many, including the following:
- Affordability: By shifting from a capital expenditure model to an operational expenditure model, RaaS makes robotics financially accessible to small and medium-sized businesses.
- Scalability: Businesses can scale their use of robots up or down based on demand, adding more robots during busy periods.
- Reduced risk: With RaaS, businesses will be able to not fully rely on human efforts, making the operational structure not as unstable as it normally is. This flexibility allows them to adopt automation at their own pace.
- Improved service quality: Automation enhances consistency and speed in food preparation and delivery, improving overall customer satisfaction.
As the market continues to evolve, innovation will be a key determinant of success. Technology, particularly through RaaS, offers an opportunity for food-service operators to thrive in a market that is easily shifted by innovation, whether most are ready for it or not.
Nightfood Holdings and Future Hospitality Ventures are at the forefront of this massive switch, helping businesses of all sizes access the benefits of robotics. By embracing these technologies, companies can ensure a stable operation without the stress of falling behind competitors.
Nightfood Holdings is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the hospitality, food services, package distributor and commercial real estate sectors. The company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval.
For more information, visit the company’s website at NightfoodHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Companies in the hospitality industry are fighting for their very survival. Rising labor costs, staff shortages and other massively disruptive employment trends have made it increasingly difficult for companies to survive, whether they are startups or established entities.
In this environment, innovation is no longer optional — it is essential.
Businesses that fail to adopt new technologies, such as robotics, will soon find themselves out of business. Nightfood Holdings (OTCQB: NGTF) and its new subsidiary, Future Hospitality Ventures Holdings Inc., are making robotics accessible to hospitality operators, allowing them to tackle these existential challenges head on.
The Automation Imperative
Automation has shifted from being an undervalued resource to becoming a requirement for the service industry.
In hospitality, where so many different aspects are critical to a surviving business, robots can handle undervalued tasks, saving critical money and time. Automation not only reduces mishaps but also improves service quality and operational efficiency. Robots work tirelessly, allowing operators to offset the challenging labor market.
Unfortunately, there are major obstacles to implementing automation. The most significant of these is the high upfront costs for purchasing, installing and maintaining technology. These costs have made it crippling for many smaller companies to make the leap. Until now.
The innovative Robots-as-a Service (“RaaS”) business model employed by Future Hospitality allows operators big and small to implement needed automation technology with minimal upfront investment.
By allowing businesses to lease robots instead of buying them, these operators have access to the latest technology and ongoing tech support without a massive upfront investment that then needs to be depreciated over many years.
Why Companies Must Embrace Automation
The need for automation in food services is driven by several factors, including:
- Human errors: The hospitality industry has been grappling with workforce disputes and labor shortages, especially post pandemic. Automation helps fill this gap, diminishing the impact of high staff turnover rate and the cost of training.
- Cost pressures: Rising minimum wages, worker training and operational costs make it imperative for companies to find ways to reduce expenses. Robots are much more cost effective, reducing the need for a large workforce and the headaches that come with it.
- Consumer expectations: Today’s customers expect fast and seamless service. Automation enhances the customer experience by speeding up service and improving accuracy, ultimately leading to higher customer satisfaction and loyalty.
Companies that resist these technological advancements risk falling behind—and will likely end up simply closing their doors. They’ll cede their market share to competitors who embrace automation because those entities can provide superior service for lower cost while retaining critical operating margins.
The Role in RaaS
Future Hospitality’s innovative RaaS model allows access to advanced robotic solutions for companies that would otherwise not be able to afford such technology. For many operators, this will literally be the difference between existence and extinction.
Future Hospitality Ventures provides a range of AI-enabled robotic systems designed to streamline operations in food service. These robots can be deployed quickly, offering a “plug-and-play” experience that minimizes disarrangement and maximizes efficiency. By offering RaaS, the company not only lowers the cost barrier but also ensures that its clients have access to the latest technology, complete with regular software updates and technical support.
The benefits RaaS for food-service operators are many, including the following:
- Affordability: By shifting from a capital expenditure model to an operational expenditure model, RaaS makes robotics financially accessible to small and medium-sized businesses.
- Scalability: Businesses can scale their use of robots up or down based on demand, adding more robots during busy periods.
- Reduced risk: With RaaS, businesses will be able to not fully rely on human efforts, making the operational structure not as unstable as it normally is. This flexibility allows them to adopt automation at their own pace.
- Improved service quality: Automation enhances consistency and speed in food preparation and delivery, improving overall customer satisfaction.
As the market continues to evolve, innovation will be a key determinant of success. Technology, particularly through RaaS, offers an opportunity for food-service operators to thrive in a market that is easily shifted by innovation, whether most are ready for it or not.
Nightfood Holdings and Future Hospitality Ventures are at the forefront of this massive switch, helping businesses of all sizes access the benefits of robotics. By embracing these technologies, companies can ensure a stable operation without the stress of falling behind competitors.
Nightfood Holdings is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the hospitality, food services, package distributor and commercial real estate sectors. The company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval.
For more information, visit the company’s website at NightfoodHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
(0)
(0)Nightfood Holdings Inc (NGTF) Stock Research Links
Scroll down for more posts ▼