“On the positive side, I'd say the recovery we're forecasting in the U.S. infant nutrition business will contribute positively.”

In context

“dging impact. Is that all hitting your gross margin line? And why shouldn't inflationary pressures improve? And when can we start seeing gross margins creep back up to pre-pandemic levels? Robert Funck: Yes. So the -- as I said in my opening remarks around 56% for the year. That's a modest step-up kind of from where we exited last year. As you would expect, Vijay, in this environment, there's a lot of different dynamics that multinationals are facing. We've got some headwinds. We've talked about those inflationary impact, how that flows through, including the inventory we built last year that will be sold this year. We talked about currency where we're going to -- we're not going to see a repeat of those hedging gains that we had in '22. So that's a -- that's a bit of a headwind there. On the positive side, I'd say the recovery we're forecasting in the U.S. infant nutrition business will contribute positively. And as that recovery occurs over the course of the year that will have a more positive impact. We also have gross margin improvement programs across all of our businesses that will help to offset some of those headwinds. And we're taking price where we can, I'd say, in our more consumer-facing businesses. And then finally, I'd say just the kind of from a mix standpoint, as we continue to see an acceleration in our medical device business with some of these new product launches. Those are higher gross margins than the overall company, and that will positively contribute to our gross margin. If you -- to your question about kind of where we pre pandemic in what we're guiding to this year kind of I'd say the biggest impact on a cumulative basis has really been inflation. And that's really”