Business

Amfil Technologies Inc. (OTCMKTS: FUNN) Opens 6th Snakes & Latte Café Restaurant Sector Grappling with Worker Shortages

The labor market is very tight currently, and that has hampered supermarkets and restaurants openings. This has the potential to put growth in the food industry on a potential check. Most food sellers have been adding stores as they look to leverage the high consumer spending among Americans who are emerging from pandemic-induced lockdowns. However, restaurants and grocers have been facing worker shortages. As a result, they have been adding bonuses and perks to entice workers, and in some instances, they have delayed openings. 

For instance, Grocer Earth Fare stated that they are offering joins instantly as they seek to hire more people at its new stores in Ohio and North Carolina. Already some supermarkets have started, including signing bonuses and referrals. Shake Shack Inc. CEO Randy Garutti said that hiring would be challenging for the company over the next year as it seeks to open 40 burger restaurants in 2021.

According to the Department of Labour, there were 8.1 million unfulfilled jobs at the end of March, including 993,000 in the hotel and restaurant sector and 878,000 at supermarkets. Businesses are struggling to fill jobs, and as a result, some restaurants could partly close, stocks shelves slowly, or serve a limited number of customers. 

Veteran New York City entrepreneur Jeffrey Bank recently said that when he was looking to replace aging silverware at his premises, he was surprised to realize that the pattern he has been using for decades was not in stock. Bank, the CEO of Alicart Restaurant Group, said that he managed to find a silverware pattern he liked but at a higher cost. He explains that supply chain problems ate hardly limited to cutlery, but everything, including certain foods and kitchenware, is hard to find.

Equally, other restaurants in New York City are grappling with such dilemmas. After months of lockdowns and restrictions, businesses have returned to a full-capacity operation, but they have faced challenges in recent weeks especially finding enough staff to hire. 

Restaurant industry experts say that supply issues are a result of the pandemic. The COVID-19 pandemic disrupted production and the flow of different kinds of products needed in diners. Although most restaurants shut during the pandemic, labor shortages have been worsened because most spots are reopening, opening, and ramping up. Some of the companies grappling with the restaurant sector’s problems include Amfil Technologies Inc. (OTCMKTS: FUNN), Starbucks Corporation (NASDAQ: SBUX), Restaurant Brands International, McDonald’s, and Darden Restaurants.

Amfil Technologies Inc. (OTCMKTS: FUNN), Snakes & Lattes board game cafés owner in North America, has appointed Aaron McKay as its new COO.  Following his appointment, McKay use if several years of restaurant management experience to support Amful Technologies’s growth strategy and vision.  McKay was hired last year as the Food and Beverages VP for Snakes & Lattes  and will be crucial in expanding the board game cafés.

Mckay said that as the shift turns to reopen and expansion, there is a unique opportunity of helping people connect. He added that he is excited to help Snakes & Latte grow. 

Amfil Technologies Inc. (OTCMKTS: FUNN) recently opened its 6th Snakes & Latte location near University of Arizona on University Blvd. The location is located within Tucson’s vicinity. This sixth location is a massive milestone for the company considering they opened during a time when anomalycy is about to return following the COVID-19 pandemic.  

CEO Rogen K. Chhabra said they have tirelessly worked over the past several months to open the Snakes & Latte Tuscon. He said that this is the sixth location, and it is a massive milestone in the company’s expansion. Chhabra said that the opening is part of the company’s expansion as normalcy returns post-pandemic. 

Amfil Technologies Inc. (OTCMKTS: FUNN) announced that they had witnessed a positive shift in recent months because of the COVID-19 vaccine rollout, which has made a considerable difference allowing leading to reopening of its locations in the US. With locations reopening, revenue has continued to improve, and there is no customers shortage. Before the pandemic, Amfiil Technologies was creating over $10 million in annual revenue. Although the lifting of restrictions will allow the company to top those numbers, it is impossible to give realistic evaluations in the future until all venues are fully operating at 100% capacity.

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