FTC orders Walmart, Amazon, Kroger and more to turn over information on empty shelves, high prices

USA Today2021-11-30

The Federal Trade Commission said Monday that it is investigating the causes behind ongoing supply chain disruptions and how they are "causing serious and ongoing hardships for consumers and harming ...

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YunaTuna
2021-11-30
YunaTuna
Okk
- 2e480c32:
  TYes
PEIYONG
2021-11-30
PEIYONG
Like pls
- YunaTuna:
  ok

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Khan said ina statement.\nThe companies will have 45 days from the date they received the order to respond, the FTC said.\nAlong with understanding the reasons behind the supply chain disruptions, the FTC’s study will examine “whether supply chain disruptions are leading to specific bottlenecks, shortages, anticompetitive practices, or contributing to rising consumer prices.”\nThe FTC said the companies are required to “detail the primary factors disrupting their ability to obtain, transport and distribute their products; the impact these disruptions are having in terms of delayed and canceled orders, increased costs and prices; the products, suppliers and inputs most affected; and the steps the companies are taking to alleviate disruptions; and how they allocate products among their stores when they are in short supply.”\nCompanies also are required to provide the FTC with \"internal documents regarding the supply chain disruptions, including strategies related to supply chains; pricing; marketing and promotions; costs, profit margins and sales volumes; selection of suppliers and brands; and market shares.\"\nHoliday shopping and supply chain\nAs the holiday season got underway, President Joe Biden tried to reassure shoppers that his administration was working to ease supply chain problems.\nBusinesses are working to overcome lingering effects of COVID-related shutdowns and now issues arising from the strong recovery that has generated more demand than many ports, manufacturers and retailers can handle.\nThe president spoke Monday with the CEOs of Best Buy, Food Lion, Samsung, Etsy and Walmart, among companies. 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