FTC seeks information about supply chain issues – Tampa, Florida

Tampa, Florida 2021-11-29 18:38:05 –

The Federal Trade Commission announced on Monday that it has ordered nine major retailers, wholesalers and consumer goods suppliers to provide more information to help them understand supply chain problems and the causes of soaring prices. bottom.

Walmart, Amazon, Kroger, Procter & Gamble Co., Tyson Foods, Inc. and Kraft Heinz Co. are one of the companies that need to pass information.

“Supply chain disruptions are hampering the supply and delivery of a variety of products, from computer chips and medicines to meat and wood. FTC’s new 6 (b) study exacerbates these disruptions and We look forward to shedding light on market conditions and business practices that may have had an asymmetric impact, “said Lina M. Khan.

The FTC also states that the survey will also investigate whether certain bottlenecks, shortages, or anti-competitive practices contribute to higher consumer prices.

President Joe Biden met with the CEO of a major company on Monday to discuss supply chain issues.Wal-Mart CEO said Biden’s push to improve the situation It helps alleviate bottlenecks at the port.

FTC seeks information about supply chain issues Source link FTC seeks information about supply chain issues

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