The baby formula shortage will last for the "balance of the year," the CEO of Perrigo — one of the four companies that control nearly 90%

Baby formula producer expects delays through 2022

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2022-05-13 21:30:10

The baby formula shortage will last for the "balance of the year," the CEO of Perrigo — one of the four companies that control nearly 90% of the U.S. baby formula market — told Reuters.

Why it matters: American families are facing a baby formula shortage due to supply chain complications and a recent recall of Abbott Nutrition products.

The latest: Murray Kessler told Reuters that the company's facilities in Ohio and Vermont are running at 115% of capacity to keep up with demand.

Zoom out: It's unclear when the baby formula shortage will end as the supply chain still faces complications caused by the COVID-19 pandemic.

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