As discussions around grocery inflation pass through the hallways of power in Ottawa, a careful, balanced understanding of the invaluable role played by FHCP members, both small and large, is indispensable. A few points for consideration…

Global companies operating in the food, health, and consumer goods sectors form an integral part of Canada's economic fabric. They are substantial employers and community partners, providing an anchor of stability and support that leads to critical investment during these economically uncertain times. Moreover, it is crucial to acknowledge the undeniable value that small to medium enterprises (SMEs) bring to the table. With their unique flexibility and innovation, SMEs are vital cogs in the machinery of our economy, driving growth and creating jobs at the local level.

Companies represented by Food, Health & Consumer Products of Canada (FHCP) provide stable, secure employment. The sector employs more than 350,000 Canadians in almost 10,000 locations across the nation. Each job within these sectors represents a family supported, a mortgage paid, and a student receiving education – the ripple effects are far-reaching and profound. These are not merely jobs; they are opportunities that empower individuals and, by extension, their communities.

Recent calls by the government for grocers and manufacturers to formulate plans addressing grocery inflation should not overlook the silent yet pivotal role these companies play. In addressing the issues surrounding food inflation, it is imperative that the solutions devised are not merely stop-gap measures but are long-term and sustainable, effectively mitigating the issue while ensuring stability and reliability for manufacturers in the years to come. In the woven fabric of our economy, they are the threads that offer strength and stability and I firmly believe government should continue to focus on attracting foreign direct investment in Canada’s critical food, health, and consumer product sectors.

Beyond economic contributions, these companies have been, and continue to be, responsible corporate citizens, investing in community initiatives, supporting local causes, and driving sustainability efforts. They have shown a deep commitment to environmental stewardship, adopting practices that minimize their footprint while actively contributing to the dialogue around sustainability and responsible business practices.

It is easy, in the face of economic challenges and rising grocery bills, for critics to point fingers and assign blame. Yet, this approach is neither reflective of reality nor constructive in fostering an environment of collaboration and problem-solving. Addressing grocery inflation is important, but it is a complex challenge requiring a nuanced understanding of the various contributing factors, including global supply chain issues, increased production costs, and policy impacts.

Speaking with officials in Ottawa earlier this week, I was struck by several key observations. The first was the recognition by government of how grocery inflation is impacting Canadians and the need to ensure this issue is top on their agenda. The second was the collective sense of shared responsibility and understanding that success will only be achieved through support for, (not undermining of), the crucial sectors that contribute to our economy and well-being. As dialogue around grocery inflation continues, it remains critical that a balanced viewpoint, recognizing and supporting the important role of global firms and SMEs alike, be considered. Their success is deeply intertwined with the prosperity of Canada and the well-being of every Canadian. Supporting them is not just prudent business—it’s a key to success.

This op-ed was originally published on LinkedIn.