03/26/2024

Big Retailers Used Supply-chain Problems to Inflate Grocery Costs

FTC says Amazon, Kroger and Walmart are still doing it

Looking for someone to blame for increased costs in the grocery aisle? You might not need to look any further than three retail giants, the Federal Trade Commission said in a report last week.

The agency looked at supply chain disruptions caused by the coronavirus pandemic and determined that the three largest food retailers — Kroger, Walmart and Amazon — "accelerated and distorted the negative effects associated with supply chain disruption," the agency said in a statement. It added that "consumers felt the negative effects of supply chain disruptions in the form of skyrocketing prices for groceries and product shortages for essentials, like toilet paper."

Those prices, the report said, remain high well after most supply-chain disruptions have been resolved.

Please select this link to read the complete article from the Ohio Capital Journal.