FTC asks big retailers for supply chain data
November 30, 2021
The Federal Trade Commission has requested that Amazon.com, Associated Wholesale Grocers, C&S Wholesale Grocers, Kraft Heinz, Kroger, McLane Co., Procter & Gamble, Tyson Foods and Walmart turn over data related to supply chain activities. The agency is investigating whether anticompetitive behaviors have taken place as a result of supply chain disruptions precipitated by the pandemic. A McLane spokesperson said the company would comply. The others involved have not yet made statements.
Recent News
Shopify’s Stock Plummets 19% After Earnings Report
Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.
Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout
Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.
Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits
Panera’s Charged Sips allegedly caused two deaths, and now they’re being pulled from the chain’s menus.
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.