4

Baby Formula Shortage Expected to Last Until the Summer: WSJ

 1 year ago
source link: https://www.businessinsider.com/baby-formula-shortage-expected-to-last-until-the-summer-wsj-2022-6
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Home Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options. Retail

Baby formula shortage set to last into the summer while Abbott prioritizes specialty products, report says

Similac baby formula is displayed on the shelves at Shaker's IGA in Olmsted Falls, Ohio.

Similac baby formula at a store in Olmsted Falls, Ohio. Mark Duncan/AP

  • Abbott Laboratories, maker of the best-selling brand, will prioritize specialty formulas.
  • The first batch will be for children with severe allergies or medical conditions, per The WSJ.
  • The makers of Enfamil and Gerber formulas flew supplies from Europe to boost stocks.
Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox.
Email address
By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy.

The shortage of baby formula that began almost five months ago is expected to drag on into the summer, The Wall Street Journal reported.

The biggest US producer, Abbott Nutrition, is due to resume production on Saturday and start by prioritizing specialty formulas, according to the newspaper.

Abbott issued a recall of its products in February after strains of bacteria potentially deadly to infants were discovered at its factory in Sturgis, Michigan.

The first batch will include formulas for children with severe allergies or medical conditions and will be sent to doctors, hospitals, and consumers later this month, The Journal said.

In May, Abbott said it had reached an agreement with the US Food and Drug Administration allowing it to resume production of Similac formula at its Michigan plant.

The company's biggest competitors, Nestlé and Mead Johnson, have strived to replace the shortfall caused by Abbott's production halt, but shortages have persisted in many areas.

Last month the White House took steps to boost imports of baby formula, which had represented only 2% of US consumption. President Joe Biden has said he had not been aware of the formula shortages until April.

At a White House roundtable with infant manufacturers earlier this week, Biden said the next stage of "Operation Fly Formula" would bring 680,000 pounds of powder from the UK and Australia next week. That is enough to make 8.3 million standard bottles, or just under a fifth of average weekly consumption in America.

Last month Insider reported that Kendal Nutricare, a UK manufacturer of baby food used by Kate Middleton to feed Prince Louis, was in talks with the FDA to send formula to the US to help combat shortages.

Abbott and the White House were contacted for comment.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK