FTC asks Amazon, Walmart, others for information about supply-chain issues
The Federal Trade Commission has started an inquiry into recent supply chains disruptions and is ordering nine large retailers, wholesalers and consumer goods suppliers to provide the agency information.
The orders are being sent to $Walmart (WMT.US)$, $Amazon (AMZN.US)$, $The Kroger (KR.US)$, $Procter & Gamble (PG.US)$, $Tyson Foods (TSN.US)$, $The Kraft Heinz (KHC.US)$, C&S Wholesale Grocers, Associated Wholesale Grocers, Inc. and McLane Co., according to an FTC release. The companies will have 45 days from the date they received the order to respond.
The FTC is issuing the orders under a special section of the FTC Act, which authorizes the agency to conduct "wide-ranging" studies that don't have a specific law enforcement purpose.
The orders require the companies 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 and increased costs and prices.
The FTC also is requiring the companies to provide internal documents regarding the supply chain disruptions.
Yesterday, Black Friday sales growth reverses for first time - Adobe Analytics.
Earlier, Walmart and Kohl's are tipped to have outperformed peers on Black Friday.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Butterflypuls : Next step, gulag and execution for anyone that fails to provide free goods for the benefit of the mother country..
Sweety Reality : In other words this administration is lost.....?
Scottie Hatmaker Sweety Reality : Yup, have you seen the guy leading it?
Ford U : The administration looking to place blame on policy driven inflation.
Micah Hicklin : Why are we making these companies the villains? I thought it was blatantly obvious by now what are the causes to this problem. Guess the FTC is turning away and pretending the WH isn't in the equation.
Ulvalua : They need data to play the blame game.
21th Wall : We wouldn't have these issues if they raised rates.
Lenny Waite : Out of control government.
Homer Fendrick : Joey never takes responsibility for his disastrous policies, 'round up the usual suspects'. So lame, so left wing, so dishonest.
Turan No : LOL Ask Let's Go Biden.
View more comments...