McDonald’s claims beef suppliers including Tyson fixed prices in explosive antitrust suit
According to an explosive lawsuit, McDonald's alleged that major beef suppliers, including Tyson, conspired to fix prices at artificially high levels in violation of federal antitrust laws. The burger and fries giant alleged its beef suppliers agreed to manipulate and fix prices at “hypercompetitive levels,” according to a lawsuit filed Friday in the Eastern District […]
Investment firm launching $1B fund to help suppliers shift to EVs
Monroe Capital is partnering with the White House to launch a $1 billion initiative to improve the nation's electric vehicle (EV) landscape, the company announced Monday. The project, known as the Drive Forward Fund LP, aims to support small and medium-sized businesses facing challenges in the electric vehicle supply chain and bolster the development of […]
Chinese suppliers protest hefty Temu fines, potential supply chain overhaul
Dozens of Chinese traders stormed into the parent company’s offices in Guangzhou this week to protest against Tem’s increasingly tough fines policy. Frustrated suppliers claim the affordable online marketplace, which sells everything from $10 dresses and sneakers to $15 mattresses, is fining Chinese merchants with increasing frequency. about 80 merchants entered the office He was […]