A tough time for Walmart shoppers
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The audited companies, including Walmart, only have 45 days to turn over their data (via USA Today). The documents requested should address the factors that prevent the businesses from obtaining, moving, and selling their goods. In addition, the info should also show the impact these disruptions have on delayed and canceled orders and the products and companies most affected by supply shortages. Moreover, the FTC wants to know how each business plans to address the situation, including how they will distribute what merchandise they have.
Corporate leaders from Walmart have told President Biden that they plan to do all they can to ensure that goods reach buyers by the holidays. “While we’re all concerned about the supply chain, we have more inventory than we did a year ago, and we have the inventory that we need to be able to support the business,” Walmart CEO Doug McMillon said. “And we are seeing progress. The port and transit delays are improving” (via USA Today). Only time can tell how the economy and businesses hold up over the winter. But, with any luck, both can avoid the predicted supply chain shortages looming on the horizon. Hopefully, the FTC’s audit of Walmart’s information can help address how the impact of the shortages is affecting the U.S. and will lead to better business practices in the near future.
Why The FTC Is Demanding Information From Walmart
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By Erich Barganier/Nov. 30, 2021 12:35 pm EST
A tough time for Walmart shoppers
dennizn/Shutterstock
The audited companies, including Walmart, only have 45 days to turn over their data (via USA Today). The documents requested should address the factors that prevent the businesses from obtaining, moving, and selling their goods. In addition, the info should also show the impact these disruptions have on delayed and canceled orders and the products and companies most affected by supply shortages. Moreover, the FTC wants to know how each business plans to address the situation, including how they will distribute what merchandise they have.
Corporate leaders from Walmart have told President Biden that they plan to do all they can to ensure that goods reach buyers by the holidays. “While we’re all concerned about the supply chain, we have more inventory than we did a year ago, and we have the inventory that we need to be able to support the business,” Walmart CEO Doug McMillon said. “And we are seeing progress. The port and transit delays are improving” (via USA Today). Only time can tell how the economy and businesses hold up over the winter. But, with any luck, both can avoid the predicted supply chain shortages looming on the horizon. Hopefully, the FTC’s audit of Walmart’s information can help address how the impact of the shortages is affecting the U.S. and will lead to better business practices in the near future.
Corporate leaders from Walmart have told President Biden that they plan to do all they can to ensure that goods reach buyers by the holidays. “While we’re all concerned about the supply chain, we have more inventory than we did a year ago, and we have the inventory that we need to be able to support the business,” Walmart CEO Doug McMillon said. “And we are seeing progress. The port and transit delays are improving” (via USA Today).
Only time can tell how the economy and businesses hold up over the winter. But, with any luck, both can avoid the predicted supply chain shortages looming on the horizon. Hopefully, the FTC’s audit of Walmart’s information can help address how the impact of the shortages is affecting the U.S. and will lead to better business practices in the near future.
