EXPERTS DON’T SEE ONE FORMULA FOR FIXING USA SHORTAGE
June 27th, 2022
The American infant formula market has been suffering from shortages, in part, because of a problem rarely encountered in the US economy, a lack of free market competition.
The nationwide baby formula out of-stock percentage was at 74% for the week ending May 28, according to retail-tracking company Datasembly.
The segment is highly regulated in the US, with the federal government’s Special Supplemental Nutrition Program for Women, Infants and Children (WIC) being the major purchaser of infant formula - more than half of all formula is purchased with WIC ...
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