Reuters
U.S. FTC orders Walmart, Amazon to provide information in supply chain probe
WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) said Monday it is investigating whether supply chain disruptions are hurting consumers with higher prices, and has ordered Walmart Inc, Amazon.com and other major food suppliers to give detailed information about the situation. The goals of the study will be to determine if supply chain problems have led to particular bottlenecks, anti-competitive practices or higher prices, the agency said in a statement. It comes as the Biden administration battles a surge in inflation amid concerns that supply chain woes in the wake of the coronavirus pandemic are pushing up consumer prices.
