Stock Market News

Enfamil maker Reckitt flies baby formula to U.S. from Singapore

2022.07.13 20:21

Enfamil maker Reckitt flies baby formula to U.S. from Singapore
FILE PHOTO: Similac and Enfamil products are seen on largely empty shelves in the baby formula section of a Target store, amid continuing nationwide shortages in infant and toddler formula, in San Diego, California, U.S., May 25, 2022. REUTERS/Bing Guan

By Richa Naidu

LONDON (Reuters) – Enfamil maker Reckitt on Wednesday afternoon flew 65 tonnes of baby formula to Chicago from its plant in Singapore, shoring up supplies amid a months-long shortage in the United States, the company said.

Similac maker Abbott Laboratories (NYSE:ABT) in February recalled dozens of types of baby formula, taking the country’s biggest industry player off the market and creating one of the biggest U.S. food shortages in recent American history.

The amount Reckitt imported on Wednesday is equivalent to 2 million 8-oz servings. In July, Reckitt will bring into the country about 192 metric tons of baby formula, equal to more than 5.9 million 8-oz servings, the company said.

Reckitt also has the Food & Drug Administration’s (FDA) approval to import the equivalent of 66 million servings between now and November, it added.

Wednesday’s shipment of infant formula base powder will arrive from Reckitt’s Tuas, Singapore, facility and will be transported to the company’s Wanamingo facility in Minnesota for finishing and packaging.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 86,854.27 0.70%
ethereum
Ethereum (ETH) $ 2,393.32 1.60%
tether
Tether (USDT) $ 0.999205 0.01%
xrp
XRP (XRP) $ 2.25 0.43%
bnb
BNB (BNB) $ 614.53 0.18%
solana
Solana (SOL) $ 136.25 5.64%
usd-coin
USDC (USDC) $ 1.00 0.02%
dogecoin
Dogecoin (DOGE) $ 0.204962 0.77%
cardano
Cardano (ADA) $ 0.666662 0.23%
staked-ether
Lido Staked Ether (STETH) $ 2,391.84 1.45%
tron
TRON (TRX) $ 0.225798 0.92%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 86,707.23 0.68%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,859.36 1.10%
chainlink
Chainlink (LINK) $ 15.32 2.95%
litecoin
Litecoin (LTC) $ 126.40 12.65%
avalanche-2
Avalanche (AVAX) $ 22.13 3.56%
sui
Sui (SUI) $ 2.93 2.19%
stellar
Stellar (XLM) $ 0.291092 2.56%
the-open-network
Toncoin (TON) $ 3.52 0.10%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.94%
leo-token
LEO Token (LEO) $ 9.00 0.89%
hedera-hashgraph
Hedera (HBAR) $ 0.197253 5.23%
usds
USDS (USDS) $ 1.00 0.07%
polkadot
Polkadot (DOT) $ 4.87 8.17%
mantra-dao
MANTRA (OM) $ 7.44 4.28%
weth
WETH (WETH) $ 2,393.55 1.35%
hyperliquid
Hyperliquid (HYPE) $ 19.79 0.17%
ethena-usde
Ethena USDe (USDE) $ 0.999346 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 294.99 3.19%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,537.98 1.50%
bitget-token
Bitget Token (BGB) $ 4.00 5.41%
uniswap
Uniswap (UNI) $ 7.98 0.94%
monero
Monero (XMR) $ 217.68 0.70%
whitebit
WhiteBIT Coin (WBT) $ 26.54 1.80%
near
NEAR Protocol (NEAR) $ 3.02 3.30%
pepe
Pepe (PEPE) $ 0.000008 0.16%
aptos
Aptos (APT) $ 5.76 2.90%
dai
Dai (DAI) $ 0.999761 0.03%
internet-computer
Internet Computer (ICP) $ 6.42 4.24%
bittensor
Bittensor (TAO) $ 366.41 0.14%
ondo-finance
Ondo (ONDO) $ 0.968112 1.78%
aave
Aave (AAVE) $ 202.24 1.41%
susds
sUSDS (SUSDS) $ 1.04 0.01%
ethereum-classic
Ethereum Classic (ETC) $ 18.81 1.29%
okb
OKB (OKB) $ 45.47 0.26%
gatechain-token
Gate (GT) $ 21.35 2.59%
official-trump
Official Trump (TRUMP) $ 12.92 3.69%
mantle
Mantle (MNT) $ 0.756747 5.27%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.27 5.40%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 87,005.31 0.32%