The FTC report says large grocery retailers like Walmart and Amazon exploited pandemic supply chain disruptions to gain competitive edge and worsen shortages, raising prices.

The FTC has released a report stating that large grocery retailers took advantage of supply chain disruptions during the pandemic, enabling them to gain a competitive edge over smaller rivals. The report found that these dominant firms used the disruptions to cement their dominance in the market, leading to worsened shortages for consumers and increased grocery prices. The FTC's investigation involved nine major retailers, including Walmart and Amazon.

March 21, 2024
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