Giant Food Stores CEO Nicholas Bertram: ‘Everything Continues To Get More Expensive’
‘It seems to continue to accelerate’
Oct 13, 2021 6:00 AM
By Grabien Staff
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EXCERPT:
BERTRAM: "We’re seeing it. I mean, everything that you've read is what we are seeing as well. Honestly, by June, we had already had the same number of cost increase requests from manufacturers that we got in the whole of 2020, and it just seems to continue to accelerate. Of course, we run it through our commodity strategy team to make sure that the costs are warranted. Anywhere we can push back, we always do, and anywhere we can absorb the cost for customers, we try to do that as well. But honestly, everything continues to get more expensive right now."
