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November 23, 2022

The Society for Hospitality & Foodservice Management (SHFM), the only association focused on hospitality and workplace amenities in the Foodservice Industry, has announced its 2022 – 2023 Board of Directors and Industry Advisory Board.

Sharon Eliatamby, Senior Project Manager, World Bank Group, is the association’s new president. Sharon Eliatamby is a seasoned professional with over 25 years of well-developed knowledge and experience in the hospitality industry. Raised in Malaysia, Sharon comes from a multinational background and is fluent in English, Bahasa Malaysia, Cantonese, Hokkien and German.

Sharon is a graduate of Johnson and Wales University and currently works at the World Bank Group (WBG) as a senior program manager overseeing food and catering, conference services, office hotel and event setup as well as the conference center at the World Bank office in Paris.

2022 – 2023 SHFM Board:

Fusco Vice President, Operations & Customer relations

Director, Consulting Services & Region North

Vice President | Strategic Partnerships – North America

Vice President Experience Services – Work Dynamics

Global Sales Director – Job

President, Corporate Services, North America

Vice-president for community life and operations manager


SVP Facilities Strategy Lead, Corporate Properties Group

2022 – 2023 SHFM Industry Advisory Board:

Vice President | Strategic Partnerships – North America

Global Sales Director – Job

Vice President of Consulting Services

Executive Vice President, Corporate Growth Strategy

Director of Marketing & Business development

Director of Strategic Partnerships

Director, Consulting Services & Region North

Is it a good time to buy a restaurant 2022?

In 2022, the restaurant market is finally on the rise again, and for many investors, it’s the perfect time to buy an existing location.

Is restaurant a good business in 2022? Unfortunately, the food industry is still working to recoup its losses. Nevertheless, unless there is a recurrence of Covid, restaurant sales in 2022 are trending in a very positive direction.

How will the restaurant industry fare in 2022? Sales for the overall foodservice industry will reach $898 billion in 2022. Considering each segment, full-service restaurants should reach $289 billion in sales for 2022, up 10.9% from 2021. The limited-service segment is projected to reach $355 billion in 2022, resulting in a 7.9% increase from 2021.

Are restaurant sales down in 2022?

US consumers cut back on their restaurant visits in the second quarter of 2022 due to inflation and rising prices, according to data from The NPD Group. Physical and online restaurant traffic decreased by 2 percent in the quarter compared to a year ago, 6 percent below the pre-pandemic level in the same quarter in 2019.

Are people eating out less in 2022? ATLANTA, Oct. 20, 2022 (GLOBE NEWSWIRE) — Despite rising food and energy prices and tighter budgets, U.S. consumers continue to actively support local restaurants with 58% saying they are eating out more often this year compared to 2021.

Is the restaurant industry growing or declining?

Another place it is reflected is in the turnover of restaurants in general. According to, restaurant for sale transactions rose steadily from Q4 2021 to Q2 2022 nationwide, with restaurants changing hands at a 22.5 percent rate over last year.

Is the restaurant industry growing? Almost 6 out of 10 adults have worked in the restaurant industry at some point in their lives. The restaurant industry will add 1.6 million jobs over the next decade, with employment reaching 16.9 million by 2029.

Should I buy a restaurant in 2022?

In 2022, the restaurant market is finally on the rise again, and for many investors, it’s the perfect time to buy an existing location. However, the past two years have left many restaurant owners exhausted. They made it through COVID shutdowns and are now dealing with lingering staffing issues.

What will restaurants be like in the future? Data, automation, convenience and personalization are at the forefront of future restaurants. Future restaurants must focus on leveraging data and automation to provide guests with the hospitality they expect.

What are the biggest challenges facing restaurants?

8 challenges facing restaurant owners and how to deal with them:

  • Ongoing work problems.
  • Crushing operating and variable costs.
  • Changing consumer behaviour.
  • Time consuming tactics for restaurant marketing.
  • Services eat away at profits.
  • Cover various training needs.
  • Ineffective management.
  • Disengaged customers.

What are the most important challenges restaurants will face in 2022? More than 50% of the full-service, quick-service and fast-casual segments reported recruiting and retaining labor as the top challenge in 2022. Although the restaurant and foodservice industry shed 1.7 million jobs in 2021, a total of 14, 5 million jobs, many restaurants are still understaffed.

What are the three challenges facing the catering industry?

What is the #1 reason that restaurants fail?

1. Lack of vision. According to the Cornell University study “Why Restaurants Fail,” restaurants close because their management lacks a clear vision for the restaurant. A restaurant’s mission and vision are more than just the concept and menu – they should be at the center of every business decision.


What are the 6 main challenges to food production?

Poverty, growing population, environmental setbacks, impacts of biofuel production, food waste, climate change – they all pose obstacles to what a thriving planet should look like. So let’s dive into some of the specific challenges and see how we can shift our perspective to find the gateways to a better future.

What are the challenges facing food systems globally? Food systems across the globe are structurally threatened by overpopulation, urbanization and climate change. Change can be achieved through sustainable food production, improved access to affordable and nutritious food and comprehensive political decisions.

What is the biggest challenge facing agriculture today? The main problems facing agriculture are usually land-related. Loss of viable land, erosion and other factors reduce farmers’ ability to use land.

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