As of May 2022, 43 percent of formula products went out of stock nationwide. Due to this decrease in supply, there is an extremely high demand for baby formula. prices have spiked exponentially. "As high as 18 percent," says CAP. This has caused many people to "stockpile" baby formula. Some are even buying the formula and selling it to vulnerable parents at a "marked-up" price on sites like eBay. The shortage began when a company known as "Abbot Nutrition" had a product recall, and was shut down for several months. This was a supply shock because "Abbot Nutrition" was responsible for 43 percent of baby formula production. Many blame the U.S food administration for allowing only a few big corporations to take over the supply of formula. In an attempt to solve this shortage issue, foreign products are being airlifted to try to help solve this problem. The U.S. has also declared the Defense Product act. This gives factories first grabs on the ingredients needed to make the baby formula.
In conclusion, the shortage of baby formula has caused terrible issues for families and children. I think this is terrible and the government should, moving forward,focus on backup plans for factories that are shut down in the food production industry.
Has anyone you know been affected by this shortage? (If yes, Explain how)
What are your thoughts on people buying formula and reselling it for a higher price?
Replies
Nobody that I personally know has been affected by this, but you will always see this, and that there are people who are struggling because people constantly posting about it. This is a huge issue, and the people buying it and reselling it at a higher price, aren't doing anything but making it worse.
I agree with you. It is a huge issue. There is tons of people posting about it which just shows how much new parents are struggling.
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