Pi Day Facts and Stats and How to Increase Cash Flow

In celebration of Pi Day, the team at Otter dug into the one billion+ orders they’ve processed to discover pizzeria and pizza chain trends. They've also shared about shifts and growth in the pizza industry and three ways to increase a pizzeria or pizza chain’s cash flow.

Ways to Increase Cash Flow

Pay attention to internal issues and delivery orders – especially during peak hours. Fifty-one percent of pizzeria and pizza chain orders come through from 4to 8:59 pm, but 51.5 percent of pizza order cancellations happen between the same window. In an industry with razor thin margins, keeping cancellations down can have a huge impact on your bottom line. The top reason for cancelled pizza orders is “internal issues/kitchen closed.” If your busy pizzeria or pizza chain faces challenges like incorrect online hours or out of stock inventory resulting in the “internal issues” cancellation reason, consider utilizing a menu management tool to update your hours and menu…