FTC Investigating Major Retailers Over Supply Chain Backlog…

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The Federal Trade Commission ordered nine major retailers, including Amazon, Kroger, and Walmart, to release company information to illuminate ongoing supply chain issues that are disrupting the U.S. economy.

“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 M. Khan said in a press release Monday. “The FTC has a long history of pursuing market studies to deepen our understanding of economic conditions and business conduct, and we should continue to make nimble and timely use of these information-gathering tools and authorities.”

The information request was ordered pursuant to Section 6(b) of the FTC Act, which gives the government agency investigative authority over registered U.S. businesses.

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www.nextgov.com/cio-briefing/2021/11/ftc-investigating-major-retailers-over-supply-chain-backlog/187152/

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