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The Big Story

Why dynamic pricing isn’t off the menu entirely

Mar 4, 2024
The podcast discusses the controversy around Wendy's considering dynamic pricing, consumer acceptance, and where dynamic pricing could be used next. Guest Corey Mintz offers insights on the food industry and future pricing trends.
19:56

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Dynamic pricing can benefit consumers by making dining more affordable during off-peak times.
  • Transparency is crucial in presenting price variations to consumers for better understanding and acceptance.

Deep dives

Wendy's Contemplates Dynamic Pricing But Faces Backlash

Wendy's considered implementing dynamic pricing, leading to backlash when news surfaced from an earnings call. Dynamic pricing, adjusting prices based on demand, struck a nerve due to its association with surge pricing. Struggling with the negative response, Wendy's clarified that they did not intend to raise prices during peak demand, causing speculation about consumer acceptance and potential future applications.

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