• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

The FTC wants information from Amazon, Walmart and other giant stores about empty shelves and rising prices

Mark White by Mark White
November 30, 2021
in Supply Chain
0


The antitrust watchdog is looking into whether supply chain disruptions are creating anti-competitive practices among businesses and contributing to higher prices for consumers.

The agency is not seeking this information for any specific law enforcement purposes. Instead, the FTC is sending these orders under a legal provision that allows it to conduct broad studies of competition. The companies have 45 days to respond.

These major chains boomed as small retailers had to close up shop

The orders require the companies to turn over internal documents and information about the factors disrupting their ability to attain and deliver goods, increased costs and prices and the steps they are taking to minimize disruptions. The FTC also wants to know how they allocate products among stores when items are in short supply.

FTC Chair Lina Khan said in a statement that she hopes the study will “shed light on market conditions and business practices that may have worsened these disruptions and led to asymmetric effects.”

Khan, who was appointed by President Joe Biden earlier this year, has been a critic of major technology companies and the agency has set an aggressive antitrust agenda.
Amazon (AMZN) and Walmart (WMT) did not immediately respond to requests for comment. A spokesperson for Kraft Heinz (KHC) said in an email that the company “will work with the FTC to respond to the request in a timely manner.” Procter & Gamble (PG) and Tyson (TSN) declined to comment.

The National Grocers Association, a trade group for independent grocery stores and their wholesalers, has pushed for stronger antitrust enforcement throughout the past year. The group praised the FTC’s 4-0 vote in favor of conducting the study.

Independent grocery store owners say they have been unfairly squeezed out by top chains and suppliers during the pandemic, leaving their stores with emptier shelves, lesser-quality products and higher prices for customers.

The Grocers Association hopes the FTC study will lead the agency to “soon rein in the destructive anticompetitive tactics that have been ignored by federal agencies for decades,” Chris Jones, the trade group’s senior vice president of government relations and counsel, said in a statement Tuesday.



Source link

Previous Post

Biden expected to tap former Obama official as top arms buyer – sources

Next Post

PS5 Cyber Monday Deals 2021: Cheap games, accessories and restock info

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post
PS5 Black Friday deals 2021: Games, accessories and restocks

PS5 Cyber Monday Deals 2021: Cheap games, accessories and restock info

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News