Two years ago it was toilet paper, now it is baby formula–a much more serious shortage. I am tuned in to it in part because one of my daughters is the mother of eight-month-old twins and has had a hard time finding formula. What is going on here? My colleague John Phelan looks at the issue and concludes that the culprits are shutdowns and the FDA:
What is going on? The Wall Street Journal explains:
There are two reasons for the shortage. Supply chain issues caused by the Covid-19 pandemic have made baby formula harder to find for months. The shortage worsened after Abbott Laboratories, a major formula manufacturer, voluntarily recalled some products and closed a plant where the products were made in Sturgis, Mich.
The Abbott Labs plant is now re-opening, not apparently being the source of the contamination that the FDA investigated.
John Phelan comments:
The FDA has
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