This briefing discussed some of the lesser known or little understood causes, effects, and impacts of inflationary pressures on the price of food at the grocery store. FMI’s Vice President of Tax, Trade, and Sustainability Andy Harig was joined by Dr. Ricky Volpe, an Associate Professor of Agribusiness at Cal Poly who specializes in food retail and supply chain management, transportation and logistics, and food prices and data analysis.
Sustainability is increasingly on the radar of consumers and food industry companies, and the fresh foods sector is heavily focused on this topic. Areas of emphasis range from food waste to packaging and continue to expand in number. The fresh foods industry has opportunities to enhance its sustainability strategies, practices and metrics to drive more success.
In this session, Jesse C. Dresser from Frier Levitt, briefed FMI members on the Centers for Medicare & Medicaid Services (CMS) proposed rule that aims in part to address problems surrounding the hidden “clawback” fees known as pharmacy DIR fees, including how these fees are being used by PBMs with respect to pharmacies. This session also discussed FMI’s written comments on the CMS proposal.