Baby formulas in the United States are going out of stock; thus, the shortage situation is getting worse. Major pharmacy chains have started limiting the sale of infant milk as there is not enough supply to meet the demand.
As per BBC News, the infant milk formula shortages in the U.S. intensified after Abbott nutrition which made the Similac brand issue a recall on the baby formula in February due to contamination.
Abbott is the main supplier of infant formula to a number of state government programs for low-income families, and it shared it is working with regulators so it can re-open its manufacturing plant. The company also said that to deal with the shortage issue, it has been sending additional shipments from a factory in Ireland. In fact, it is expecting double shipments this year.
“We have an FDA-registered plant in Cootehill, Ireland, where we've increased the volume of Similac Advance powder formula produced for the U.S. We are air-shipping product from this facility into the U.S. daily and the product is being restocked regularly,” Abbott previously said in a statement.
The company added, “Our Cootehill team sources ingredients from approximately 1,000 dairy farms in the local area. Following stringent quality and safety processes, each batch of infant formula undergoes extensive quality checks before it reaches stores.”
In any case, CNBC reported that 26 states in the U.S. have run out of baby formula. The out-of-stock rating reportedly reached more than 40% compared to just seven states three weeks before.
Based on this recent rating data, it seems that the baby formula shortage in the country will not be resolved any time soon. Rather, the situation is getting worse as more states are being hit with the shortage.
“Unfortunately, we do not see this slowing down any time soon,” Ben Reich, chief executive officer of Datasembly public data firm, said earlier this week. “Inflation, supply chain shortages and product recalls have continued to bring volatility to the category, and continues to be one of the most affected products in the market.”
Finally, major retail stores and pharmacies, including CVS Health Corp., Walgreens, Target Corp., and Kroger, have all limited the sale of infant formula as the supply is really low, Reuters reported.


Wall Street Futures Tumble as U.S.-Iran Conflict Escalates and Oil Prices Surge
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights
Australia Housing Market Hits Record High Despite RBA Rate Hike
Global Markets React as Dollar Surges, Swiss Franc Rallies After U.S.-Israel Strike on Iran
Australian Job Advertisements Hit 16-Month High as Labour Market Stays Resilient
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War
Strait of Hormuz LNG Crisis Triggers Global Energy Market Shock
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support
MOEX Russia Index Hits 3-Month High as Energy Stocks Lead Gains
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer
Australia Targets AI Platforms With Strict Age Verification Rules
Lynas Rare Earths Shares Surge 7% After Malaysia Renews Processing Plant Licence for 10 Years
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand
Asian Currencies Slide as US-Israel Strikes on Iran Trigger Oil Surge and Risk-Off Rally
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 



