NGA Applauds FTC Report on Grocery Supply Chain Disruptions
Washington, D.C., March 21, 2024 (GLOBE NEWSWIRE) -- The National Grocers Association (NGA) today applauds the Federal Trade Commission’s (FTC) release of the exhaustive and long-awaited 6(b) study on the causes behind supply chain disruptions in the grocery sector and anticompetitive practices that have negatively impact U.S. consumers.
- Washington, D.C., March 21, 2024 (GLOBE NEWSWIRE) -- The National Grocers Association (NGA) today applauds the Federal Trade Commission’s (FTC) release of the exhaustive and long-awaited 6(b) study on the causes behind supply chain disruptions in the grocery sector and anticompetitive practices that have negatively impact U.S. consumers.
- The investigation found that large players in the US grocery sector took advantage of Covid-era supply chain disruptions to cement their dominance in the grocery marketplace in a way that worsened shortages for consumers and inflated grocery prices.
- However, decades of lax antitrust enforcement enable grocery power buyers to coercively squeeze suppliers to comply with their trade demands, unfairly disadvantaging smaller competitors,” said NGA President and CEO Greg Ferrara.
- “Covid-era disruptions and food price inflation have made the grocery supply chain literally a kitchen table issue for millions of Americans,” said Chris Jones, NGA chief government relations officer and counsel.