Exploring the evolving landscape of portable dining: food truck phenomena
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The food truck industry continues to grow, posting respectable growth rates according to IBIS World. This mobile culinary trend, which gained momentum in the late 2010s, has opened up a new avenue for entrepreneurs, as evidenced by the rise of food trucks in airport cell-phone parking lots.
However, the industry is not without its challenges. In Noblesville, Indiana, and Portland, United States, the annual food truck permit fees have been increased significantly - from $200 to $1,000 in both cities. This increase could potentially affect business creation, job opportunities, and the overall vibrancy of downtown areas.
The rise of food trucks in airport cell-phone parking lots wouldn't have been possible without post-Sept. 11 security measures, making it an interesting case study for those interested in finding opportunities in adverse circumstances. Bloomberg Business Week even suggests that food scooters could be the next wave in mobile food.
For those considering venturing into the food truck business, there are numerous resources available. Mobile Cuisine, for instance, offers a platform for connecting with suppliers and vendors in the industry. Banks, Small Business Administration officials, business incubators, and restaurant industry specialists can also provide valuable insights on purchasing, equipping, and mobilizing a food truck.
Food truck locator apps can help find local operators for interviews, while websites like Mobile-Cuisine.com provide a list of reasons food trucks fail, which can help generate interview questions. Crowdfunding for a food truck is another personal finance angle to explore.
Economists and planning/zoning consultants may have insights on how such fees and regulations impact various marketplace constituents. Mobile Food News offers stories on regulation, mobile point-of-sale technology, truck leasing, insurance, and safety, among other topics.
The food truck industry is not without its regulatory hurdles. The Boston Globe has recently updated on food truck health violations, and The Institute for Justice's National Street Vending Initiative offers information on legalizing street vending.
On a more positive note, the food truck phenomenon is gaining attention from mainstream media. The Food Network's "Great Food Truck Race" debuts on Aug. 18, and Loans.org states that food trucks are "eating up business loans."
The Roam 2013 Mobile Food Conference is scheduled for Sept. 13-15 in Portland, Oregon, providing a platform for industry professionals to share insights, network, and learn about the latest trends and innovations in the food truck industry.
In conclusion, the food truck industry presents a promising entrepreneurial opportunity, but potential entrepreneurs must be aware of the challenges and regulatory hurdles they may face. With the right resources, planning, and a bit of luck, the mobile culinary scene could be the next big thing.
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