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Thread: Wendy's to try "Dynamic Pricing"

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  1. #1
    Join Date
    Apr 2017
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    Wendy's to try "Dynamic Pricing"

    This is a verbatim cut-and-paste from CBS news:

    Patrons of Wendy's may soon pay varying prices for their burgers, as the fast-food chain intends to bring Uber-like surge pricing to its menu.

    "As early as 2025, we plan to test a number of features such as AI-enabled menu changes and suggestive selling based on factors, such as weather, that we think will provide great value and an improved customer and crew experience," a Wendy's spokesperson told CBS News in an email.

    The strategy involves so-called dynamic pricing — also known as surge pricing — which has the cost of a product or service fluctuating based on factors like rush hour and whether it's raining.
    Wendy's CEO Kirk Tanner told an earnings call earlier this month that Wendy's is investing $20 million to roll out digital menu boards to all U.S. company-operated restaurants by the end of 2025.

    "Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing and daypart offerings, along with AI-enabled menu changes and suggestive selling," he added. "As we continue to show the benefit of this technology in our company-operated restaurants, franchisee interest in digital menu boards should increase, further supporting sales and profit growth across the system." (Emphasis--mine--added)

    I don't eat fast food, Wendy's or anyone else's. But if I did it would end when this begins.
    I wonder how customers will react to this.... should be interesting, even entertaining.
    Last edited by Patty Hann; 02-28-2024 at 5:53 AM.
    "What you see and what you hear depends a great deal on where you are standing.
    It also depends on what sort of person you are.”

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