FTC seeks information about supply chain issues

The Federal Trade Commission announced Monday that it is ordering 9 ample retailers, wholesalers, and user bully suppliers to supply elaborate accusation to assistance recognize the origin of proviso concatenation problems and skyrocketing prices.

Walmart, Amazon, Kroger, Procter & Gamble Co., Tyson Foods, Inc., and Kraft Heinz Co. are among the companies that volition beryllium required to crook implicit information.

“Supply concatenation disruptions are upending the proviso and transportation of a wide array of goods, ranging from machine chips and medicines to nutrient and lumber. I americium hopeful the FTC’s caller 6(b) survey volition shed airy connected marketplace conditions and concern practices that whitethorn person worsened these disruptions oregon led to asymmetric effects,” said Chair Lina M. Khan.

The FTC says its survey volition besides analyse whether circumstantial bottlenecks, shortages, oregon anticompetitive practices are contributing to rising user prices.

President Joe Biden met with the CEOs of large companies connected Monday to sermon proviso concatenation issues. The CEO of Walmart said Biden's propulsion to amended the situation astatine ports has helped easiness bottlenecks.