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
I do not know anyone who is affected by it. But i do know someone who might be affected by it soon her baby is due march. So hopefully her baby shower will have lots of formula. I think its cruel to sell it for higher prices ecpecially if single moms have no support and need to save money.
Yea I agree it's cruel. Hopefully she has time to stock up!
As of right now, I do not know anyone that has been affected by this shortage, so I can't say much about it. I do believe that it is a problem that needs to be fixed because, for some families, formula is the only option they have to feed their baby.
It is a huge huge problem. It is for some people the only option to feed there babies
Nobody I know has affected by this shortage. I think that people buying and reselling formula for increased prices is horrible, since formula is already expensive as it is so some people were struggling to buy this before the shortage.
Thanks for commenting. I like how you mentioned that formula is already expensive.
My aunt was affected by this shortage, and I know she was having some family members look for formula when they went to the grocery store so my cousin didn't run out. I don't think it was right for people to be reselling formula for higher, because baby formula is expensive how it is, and some people con't afford to buy formula at an increased price.
Alot of people do the sam eas your aunt and ask family members to look for it. My aunt did the same thing and she had to go to 3 stores to find the formula.
I don't know of anyone that has had a problem with this shortage, so I can't say that I have heard about this. I think that people trying to scam people with higher prices is wrong. It is a way to make money, but with a problem like this, I don't think it is very alright.
I agree reselling the formula is messed up. If it was any other products I would see a problem with it.
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