"FTC Report Reveals Large Grocers Exploited Pandemic Supply Chain Disruptions"
The Federal Trade Commission's report revealed that large grocery retailers took advantage of pandemic supply chain disruptions to outperform smaller competitors and protect their profits. The report found that some retailers pressured suppliers to favor them over competitors and hiked prices despite easing supply chain pressures, leading to elevated profits. The FTC's actions, including suing to block a major acquisition, have supported the Biden administration's efforts to address rising prices, with President Biden also targeting food companies for practices like "shrinkflation."