Nicholas Bertram, CEO of Flashfood and Independent Director for PECO, draws on his over 20 years of experience in the grocery industry to highlight the issue of food waste in North America. With an obsession for freshness indicators, he emphasizes the importance of reducing waste and ensuring that all individuals have access to food. Bertram also notes how laws can become outdated, using the example of the 18th amendment to the U.S. Constitution, which implemented Prohibition in the 1920s but was repealed in 1933 due to changing circumstances.
Bertram advocates for a constant evaluation of laws by both federal and state legislative bodies to prevent them from becoming obsolete and creating unnecessary waste. He points out how laws can lead to the creation of bureaucratic organizations that may grow in size and complexity over time, consuming resources and generating waste. By questioning the necessity of existing laws before introducing new ones, legislators can help streamline the legal system and prevent inefficiencies.
Reflecting on the creation of the Federal Trade Commission (FTC) in 1914, Bertram suggests that the agency may have surpassed its usefulness and should be reevaluated. He questions the FTC’s actions in blocking potential mergers within the grocery industry, such as the proposed merger of Kroger and Albertsons, and argues that such interventions may hinder innovation and competition. Bertram highlights the need for regulatory bodies to adapt to the changing landscape of global economies and industries.
Addressing Walmart’s dominance in the grocery market, Bertram discusses the potential impact of a merger between Kroger and Albertsons on the industry. He believes that a stronger national chain of supermarkets formed through the merger could provide consumers with more options and drive innovation in the sector. By challenging the FTC’s attempt to block the merger, Bertram sees an opportunity for Congress to reassess the agency’s role and effectiveness in promoting competition and consumer welfare.
Bertram encourages business leaders to engage in the legislative process and advocate for policies that support innovation and growth. He suggests that by participating in discussions on regulatory issues, businesses can help shape a more dynamic and competitive marketplace. As industries undergo rapid transformation and face evolving challenges, it is vital for leaders to anticipate future threats and opportunities and work towards creating a more sustainable and efficient business environment.
In conclusion, Bertram emphasizes the importance of staying proactive and adaptable in the face of changing regulatory landscapes and business environments. By advocating for policies that foster innovation, reduce waste, and promote competition, business leaders can contribute to a more vibrant and dynamic economy. As the grocery industry continues to evolve, it is crucial for stakeholders to collaborate and drive positive change that benefits both businesses and consumers.
