FTC reports US grocery store chains profit surge during pandemic as supply chain issues raised prices.
The Federal Trade Commission (FTC) has reported that the largest grocery store chains in the U.S. saw profits surge during the pandemic as supply chain problems led them to raise prices and increase profits, which remain elevated today. The FTC stated that dominant firms in the grocery industry used the pandemic as an opportunity to further raise prices, contributing to higher costs for consumers.
March 26, 2024
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