1. All too often these days, a single glitch results in a system-wide outage, affecting industries from healthcare and airlines to banks and auto-dealers. Millions of people and businesses pay the price.
These incidents reveal how concentration can create fragile systems.
These incidents reveal how concentration can create fragile systems.
2. Concentrating production can concentrate risk, so that a single natural disaster or disruption has cascading effects.
This fragility has contributed to shortages in areas ranging from IV bags to infant formula.
ftc.gov/news-events/ne…
This fragility has contributed to shortages in areas ranging from IV bags to infant formula.
ftc.gov/news-events/ne…
3. Another area where we may lack resiliency is cloud computing.
In response to @FTC's inquiry, market participants shared concerns about widespread reliance on a handful of cloud providers, noting that consolidation can create single points of failure.
ftc.gov/policy/advocac…
In response to @FTC's inquiry, market participants shared concerns about widespread reliance on a handful of cloud providers, noting that consolidation can create single points of failure.
ftc.gov/policy/advocac…
4. And we're continuing to collect public comment on serial acquisitions and roll-up strategies across the economy.
If you've encountered an area where a series of deals has consolidated a market, we welcome your input.
Submit a comment by 9/20/24: ftc.gov/news-events/ne…
If you've encountered an area where a series of deals has consolidated a market, we welcome your input.
Submit a comment by 9/20/24: ftc.gov/news-events/ne…
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