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FTC orders major retailers like Amazon, Walmart and grocery chains to turn over internal documents on their supply chain issues to investigate em
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Federal Trade Commission on Monday ordered top retailers and food suppliers to turn over documents related to supply chain woes
FTC is investigating whether supply chain problems have led to particular bottlenecks, anti-competitive practices or higher prices for consumers
Amazon, Walmart, Kroger, Tyson Foods and Kraft Heinz are among nine companies required to produce documents
Supply chain issues contributed to prices in October rising 6.2 per cent from 12 months ago, the highest pace in 31 years
President Biden on Monday met with CEOs of major retailers, including Best Buy, to discuss how to keep shelves stocked during holiday shopping season
The Federal Trade Commission ordered some of the nation's top retailers including Amazon and Walmart, along with major food suppliers, to turn over documents as part of its investigation into critical supply chain disruptions causing 'empty shelves and sky-high prices.'
The goals of the probe will be to determine if supply chain problems have led to particular bottlenecks, anti-competitive practices or higher prices for consumers, the agency said in a statement Monday.
'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,' FTC Chair Lina Khan stated. 'I am hopeful the FTC’s new study will shed light on market conditions and business practices that may have worsened these disruptions or led to asymmetric effects.'
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its called inflation and its what happens when you make money appear outta thin air an spend it on stupid laws that make politicians wealthy. You know Bidenflation
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