We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: FTC Launches Inquiry Into Supply Chain Disruption
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
FTC Launches Inquiry Into Supply Chain Disruption
The Tycoon Herald > Business > FTC Launches Inquiry Into Supply Chain Disruption
Business

FTC Launches Inquiry Into Supply Chain Disruption

Tycoon Herald
By Tycoon Herald 3 Min Read
Share
SHARE

Los Angeles, CA – October 13 A view of some of the dozens of container ships siting off the coast of … [+] the Ports of Los Angeles and Long Beach, waiting to be unloaded (Allen J. Schaben / Los Angeles Times via Getty Images)

Los Angeles Times via Getty Images

FTC has ordered Walmart WMT , Amazon AMZN , Kroger KR and other large wholesalers, retailers and suppliers to submit information as to what is causing supply chain disruptions and how these disruptions are causing serious and ongoing hardships for consumers and harming competition in the United States economy.

The FTC issued the orders to Walmart, Amazon.com, Kroger Co., C&S Wholesale Grocers, Associated Wholesale Grocers, McLane Co., Procter & Gamble Co. PG , Tyson Foods TSN , and Kraft Heinz Co KHC . The companies have 45 days from the day they received the order to respond.

The FTC chair Lina M. Khan states that “supply chains are upending the provision and delivery of a wide array of goods, ranging from computer chips and medicines to meat and lumber”. She is hopeful that the FTC can shed light on market conditions and business practices that may have worsened these disruptions or led to asymmetric effects.

In addition, the FTC has asked for “voluntary comments” that could “provide an opportunity for market participants to surface additional issues and examples of how supply chain disruption is affecting competition”.

The FTC said that this request is not part of any law-enforcement action.

On the same day as this order was issued, President Joe Biden met with major retailers such as Walmart, Best Buy BBY , Kroger, Food Lion and other major retailers and grocers to discuss the supply issues. The cost of goods measured by the consumer price index rose 6.2% last month from a year earlier. It is the fastest increase since 1990. Many economists ascribe to rise to unprecedented consumer demand caused by the pandemic store closures. The administration also addressed the high cost of lumber.

MORE FOR YOU

POSTSCRIPT: There is some help to break the log-jam at ports. The transportation department said it would extend the flexibility on the number of hours truck drivers can drive through the end of February. The Federal Maritime Commission will allow users of terminal gates at the ports to be exempted from paying fees for night and weekend pick-up of containers. However, there are still long delays at Los Angeles and Long Beach ports. Bloomberg reports that in the global supply chain an estimated 3 million containers are idling on ships queued up at posts around the world. Wow!

You Might Also Like

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

TAGGED:Real EstateThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
Illia Zabarnyi switch information: PSG full £54.5m deal for Bournemouth defender
Sports

Illia Zabarnyi switch information: PSG full £54.5m deal for Bournemouth defender

Paris Saint-Germain have accomplished a £54.5m (€63m) deal for Bournemouth defender Illia Zabarnyi assured with add-ons.Bournemouth have been reluctant to promote, however the Ukraine worldwide - who has put pen to paper…

By Tycoon Herald 2 Min Read
‘TMZ Presents: The Actual Hulk Hogan’ Examines Successes, Tragedies and Missteps
August 12, 2025
Colombian senator and presidential hopeful dies 2 months after capturing
August 12, 2025
Myles Garrett Busted For Rushing, Allegedly Drove 40 MPH Over Restrict
August 12, 2025
Quickest athlete on the planet? Is Usain Bolt set to lose his crown to British bike owner Matt Richardson?
August 12, 2025

You Might Also Like

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters
Business

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

By Tycoon Herald 6 Min Read
Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com
Business

Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com

By Tycoon Herald 5 Min Read
EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com
Business

EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com

By Tycoon Herald 4 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Business

Omdia survey finds phishing assaults prime smartphone safety concern for shoppers By Investing.com

LONDON, Jan. 20, 2025 /PRNewswire/ -- A brand new survey  from Omdia reveals that phishing scams…

By Tycoon Herald
Sports

Crimson Bull agree ‘plan’ to vary F1 automobile over ride-height gadget amid recent technical controversy forward of US GP

Crimson Bull have made a change to their automobile over a ride-height gadget after talks with…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?