Baby Formula Boss Warns Crisis Will Last ALL YEAR as Biden claims it will be eased in weeks and only a 'mind reader' could have seen it coming - despite shortages beginning last July
The head of one of the four companies that control 90 percent of the U.S. market for baby formula has warned that the shortages nationwide could last until the end of the year, as President
Joe Biden's critics mocked his claim that 'only a mind reader' could have predicted the current crisis.
On Friday CEO of formula giant Perrigo Murray Kessler, told Reuters he expects shortages and heightened demand to last for the 'balance of the year.'
Kessler said their factories in Ohio and Vermont are running at 115 percent capacity, to compensate for Chicago-based Abbott's shutdown - but added that supplies would remain erratic for the remainder of 2022.
At the request of the FDA, Perrigo is focusing on four items: the store-brand versions of Similac Pro Sensitive and Pro Advance, and Enfamil Gentle Ease and Infant, Kessler said.
The closure of Abbott's infant-formula plant in Sturgis, Michigan, exacerbated national pandemic-related shortages, leading to empty shelves in big box stores and supermarkets and panicked parents.
Perrigo is working with retailers including Walmart and Target Corp so they 'get something each week,' Kessler said.
Retailers' allocations are based on an average of what the retailers received prior to 'this crisis,' he said.
Baby formula boss warns crisis will last ALL YEAR as Biden claims it will be eased in weeks | Daily Mail Online