Industries
Fast Food Industry
Consumer Discretionary
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Fast food is mass-produced food designed for commercial resale with a strong priority on speed of service, sold in a restaurant or store using frozen, preheated or precooked ingredients and typically served in packaging for takeout. Major chains rely on standardized, pre-prepared ingredients, such as frozen beef patties and pre-washed, pre-sliced vegetables, shipped from central facilities to individual outlets and assembled to order, with the drive-through long serving as a defining feature of the format. The industry traces its practical origins to street food stands in Ancient Rome, but the modern business crystallized in post-war America once automobiles became widespread, beginning with White Castle first hamburger chain outlet in 1921; by 2018 the global fast-food industry was worth an estimated 570 billion dollars, and McDonald alone operated more than 31,000 restaurants across 126 countries.
Facts
SectorQuick-service restaurants 1 Cross-Tradition Connections
Associated With
Theodore Levitt 1972 argument for applying manufacturing-style standardization to services used the fast food industry, and the McDonald system in particular, as its own leading example.
Sources
1. Wikipedia, Fast food
Wikipedialead sectionQuote, lead section
Fast food is a type of mass-produced food designed for commercial resale, with a strong priority placed on speed of service.
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