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Podcast: IEN Radio
Episode: Baby Formula Supply Problem Not Improving
Description: The baby formula supply problem is not getting better. In fact, it is getting worse. Manufacturers claim production is at full capacity, but it still is not meeting the current demand. In the first half of 2021, the out-of-stock rate for baby formula sat between 2% and 8%. However, the rate skyrocketed between November 2021 and early April of this year to 31%. CNN Business reports that the number is currently up to 40%. According to Datasembly, over half of baby formula was completely sold out in Iowa, North Dakota, South Dakota, Tennessee, Missouri and Texas during the week starting April 24. <...