Stock Market News

Factbox-Global baby formula makers send products to restock U.S. shelves

2022.05.31 19:26

Factbox-Global baby formula makers send products to restock U.S. shelves
FILE PHOTO: Empty shelves show a shortage of baby formula at a CVS store in San Antonio, Texas, U.S. May 10, 2022. REUTERS/Kaylee Greenlee Beal

(Reuters) – Global companies that make baby formula are bringing products into the United States after the country’s health regulator relaxed its import policy to address a nationwide shortage partly triggered by Abbott Laboratories (NYSE:ABT)’ manufacturing plant in Michigan recalling some products in February.

Importers include Neocate maker Danone SA (OTC:DANOY), while New Zealand’s dairy giants Fonterra and a2 Milk have submitted applications to the U.S. Food and Drug Administration (FDA) for supplying baby formula to the United States.

Once the products arrive in the country and receive a sign-off from the FDA, the manufacturers distribute them through their existing supply chains and cater to unfulfilled orders, a spokesperson for the U.S. Department of Health and Human Services said.

Here’s a list of companies that are bringing in baby formula to the U.S. market in the wake of the crisis:

Date of Manufacturer Major imports

announcement

May 27 Bubs Australia Ltd Plans to ship at least 1.25 million

cans of several varieties of its

formula

May 26 Danone SA Has doubled shipments of its

formula, with about 500,000

additional cans to be sent to the

U.S.

May 22 Nestle SA (SIX:NESN) Has been flying supplies from the

Netherlands and Switzerland and

delivered 132 pallets of its Health

Science Alfamino and Alfamino Jr

infant formulas

Another 114 pallets of Gerber Good

Start Extensive HA formula set to

arrive in the coming days

May 24 Kendal Nutricare About 2 million cans of infant

formula expected to reach U.S. store

shelves beginning in June, with

40,000 cans in stock for immediate

dispatch

May 16 Reckitt Benckiser Has boosted baby formula production

by about 30% and expediting the

approval of some products made at a

facility in Mexico

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 62,850.84 0.44%
ethereum
Ethereum (ETH) $ 2,545.54 0.81%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 582.95 0.53%
solana
Solana (SOL) $ 142.37 3.98%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.583485 2.36%
staked-ether
Lido Staked Ether (STETH) $ 2,545.01 0.79%
dogecoin
Dogecoin (DOGE) $ 0.104876 3.43%
the-open-network
Toncoin (TON) $ 5.56 1.46%
tron
TRON (TRX) $ 0.15171 0.23%
cardano
Cardano (ADA) $ 0.346662 2.78%
avalanche-2
Avalanche (AVAX) $ 26.87 2.34%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,999.49 0.89%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,738.81 0.51%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.09%
weth
WETH (WETH) $ 2,544.96 0.84%
chainlink
Chainlink (LINK) $ 10.98 3.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 337.98 1.56%
polkadot
Polkadot (DOT) $ 4.27 3.61%
dai
Dai (DAI) $ 1.00 0.03%
leo-token
LEO Token (LEO) $ 5.72 3.50%
litecoin
Litecoin (LTC) $ 67.15 0.86%
uniswap
Uniswap (UNI) $ 6.56 4.46%
near
NEAR Protocol (NEAR) $ 4.46 2.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,664.75 0.93%
sui
Sui (SUI) $ 1.56 4.36%
kaspa
Kaspa (KAS) $ 0.163089 4.18%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.58 3.09%
aptos
Aptos (APT) $ 7.88 4.20%
internet-computer
Internet Computer (ICP) $ 8.11 3.93%
bittensor
Bittensor (TAO) $ 463.88 0.27%
pepe
Pepe (PEPE) $ 0.000008 4.90%
monero
Monero (XMR) $ 175.75 0.22%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.05%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.396694 2.19%
stellar
Stellar (XLM) $ 0.095439 2.35%
ethereum-classic
Ethereum Classic (ETC) $ 18.68 2.67%
immutable-x
Immutable (IMX) $ 1.65 2.18%
ethena-usde
Ethena USDe (USDE) $ 0.999277 0.02%
blockstack
Stacks (STX) $ 1.69 3.59%
okb
OKB (OKB) $ 40.05 1.43%
aave
Aave (AAVE) $ 156.72 3.72%
crypto-com-chain
Cronos (CRO) $ 0.084664 2.99%
render-token
Render (RENDER) $ 5.49 0.59%
filecoin
Filecoin (FIL) $ 3.66 4.42%
arbitrum
Arbitrum (ARB) $ 0.590512 2.83%
injective-protocol
Injective (INJ) $ 21.03 0.03%
mantle
Mantle (MNT) $ 0.625616 2.01%
optimism
Optimism (OP) $ 1.67 3.92%