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Supermarket profit margin explored in FMI’s latest ‘Supermarket Fact Video Series’

BY Michael Johnsen

ARLINGTON, Va. — The Food Marketing Institute and Matrix Group, a digital agency specializing in web design, development and e-marketing in the Washington D.C., area, on Friday announced the release of a new animated video as part of the trade association’s “Supermarket Fact Video Series.”  

Through infographics and animation, the latest video illustrates why supermarkets have experienced a one percent net profit margin consistently over the last 30 years compared to other industries.

FMI has invested in research that maps the changing food retail landscape and identifies new ways of presenting the trends in its library. The supermarket facts video series, resulting from the collaboration between FMI and Matrix Group, brings to life these major industry trends. The first video in the series examined the number of times customers go grocery shopping each week

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Weis Markets names Jonathan Weis president, CEO

BY Michael Johnsen

SUNBURY, Pa. — Weis Markets on Friday named Jonathan Weis as company president and CEO. Weis, 46, will also retain his role as company vice chairman.

Previously, Weis had been serving as the company’s interim CEO. As president and CEO, Weis will oversee all aspects of the company’s retail, supply chain, merchandising, human resources, information technology, finance, real estate and manufacturing operations.

Weis, who joined the company in 1989, is the son of Robert Weis, who remains chairman of Weis Markets. During his 25 year career, he worked in positions throughout the company, including produce merchandising, grocery procurement and store operations. He later worked in the company’s real estate department where he was VP property management and development. In 2004, he became company vice chairman and corporate secretary.

Weis is a graduate of Shikellamy High School in Sunbury, Pa., and holds a bachelor of arts degree from Yale University. He has served on various local and regional boards.  

 

 

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Report: Florida lawmakers eye telemedicine

BY Antoinette Alexander

NEW YORK — Lawmakers in Florida are looking into ways to ease regulatory limitations for telemedicine in an effort to increase access to care and create “a fertile ground” for the technology to be used, according to a local report.

Among the issues at hand, insurance companies in Florida are not required to reimburse doctors for telemedicine services, the Miami Herald reported. Also, many doctors don’t have the licenses to practice in other states or the credentials to practice at other hospitals.

The Senate Health Policy Committee heard a proposal by Sen. Arthenia Joyner, D-Tampa, that would require insurance providers to reimburse telemedicine services as if they were face-to-face encounters with doctors, the Miami Herald reported.

The bill also sought to establish standards of care and a process that would enable out-of-state telehealth providers to register in Florida.

After taking public comments, the Senate Health Policy Committee chairman delayed a vote on the proposal, saying the committee needed another week to revise the language, the article stated.

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