11/29/2021, 9:16 PM (Source: TeleTrader)
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FTC asks retailers for details on supply chain disruptions

The United States Federal Trade Commission ordered nine large retailers, wholesalers, and consumer good suppliers on Monday to provide it with "detailed information" that will help it understand supply chain disruptions and their effects on Americans.

The FTC noted it contacted Walmart, Amazon, Kroger, Procter & Gamble, Tyson Foods, Kraft Heinz, C&S Grocers, Associated Wholesale Grocers and McLane.

"The study will examine whether supply chain disruptions are leading to specific bottlenecks, shortages, anticompetitive practices, or contributing to rising consumer prices," the FTC stressed. "Supply chain disruptions are upending the provision and delivery of a wide array of goods, ranging from computer chips and medicines to meat and lumber. I am hopeful the FTC’s new 6(b) study will shed light on market conditions and business practices that may have worsened these disruptions or led to asymmetric effects," FTC Chair Lina Khan (pictured) added.

Baha Breaking News (BBN) / NP