FMI Briefing: Peering Into Food Inflation's Black Box | August 9, 2022

FMI Briefing: Peering Into Food Inflation's Black Box | August 9, 2022

This briefing discusses 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. 

Learn:

  • How the rising cost and increasing volatility of fuel prices has caused food manufacturing and retail input costs to increase dramatically
  • How a lack of critical workers and the inability to attract and retain employees impacts the supply chain and food costs
  • How limited truck capacity and increases in transportation costs affect the price of food on store shelves

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Palova Dieter Marques

Representative - AMERICAS

SQF Institute

Dr. Ricky Volpe, Ph.D.

Professor

Cal Poly, San Luis Obispo, CA

Ricky Volpe received his Ph.D. in Agricultural and Resource Economics from UC Davis in 2010. He then spent four years working as an economist at the USDA Economic Research Service in Washington DC. There he researched a variety of topics, including food price formation, competitiveness in the food industry, and the healthiness of grocery purchases in the U.S. Ricky was also responsible for forecasting retail food price inflation at the national level.

Now at Cal Poly, Ricky teaches courses on food retail and supply chain management, transportation and logistics, and data analysis. He also maintains an active research agenda using a variety of large data sets to study issues related to market structure, firm performance, food prices, consumers’ food choices, and health outcomes. He also works closely with industry leaders in food retailing, wholesaling, and distribution to facilitate collaboration on public-private partnerships, student internships, and scholarships.

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FMI Briefing: Peering Into the Food Inflation's Black Box
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