Pierre Riel on grocer's code
From Costco executive testifies before House committee on food prices | COST OF LIVING · · CTVNews
“Costco generally supports the idea [of a grocer's code of conduct] if it includes participation from everybody in the industry — vendors, grocers and multinational corporations.”
On , Pierre Riel, Executive Vice President & Chief Operating Officer of International Division at Costco, spoke about grocer's code during Costco executive testifies before House committee on food prices | COST OF LIVING on CTVNews.
About Pierre Riel
On February 13, 2024, Pierre Riel, Executive Vice President and Chief Operating Officer of Costco's International Division, testified before a House of Commons committee examining food prices in Canada. Riel stated that Costco generally supports the idea of a grocer's code of conduct, provided it includes participation from all industry stakeholders, including vendors, grocers, and multinational corporations. He suggested that legislating cross-industry involvement could be a positive step, though he noted uncertainty about how disputes would be resolved and which parties would participate. Riel also identified other areas where Canada could improve to help lower food costs, including increasing domestic food production to reduce reliance on imports and addressing supply chain issues, specifically mentioning rail and port infrastructure. He said he expects prices to continue increasing, particularly as supplier costs rise, which will eventually be passed on to consumers.