The Federal Trade Commission (FTC) has ordered nine major retailers to release detailed company information as part of an investigation into ongoing supply chain issues that are disrupting the U.S. economy, Nextgov reported Tuesday.
“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 Khan said in a press release. “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 to the retailers — including Amazon, Walmart, Kroger, and Procter & Gamble — was ordered through Section 6(b) of the FTC Act, which provides the government agency investigative authority over registered U.S. businesses. Each company has 45 days to respond to the FTC.
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