US safety, savings rules set stage for baby formula shortage

United States News News

US safety, savings rules set stage for baby formula shortage
United States Latest News,United States Headlines
  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

A massive recall is getting most of the blame for the U.S. baby formula shortage, but experts say the products have long been vulnerable to this type of crisis

is the largest of its kind in the U.S. and its shutdown — combined with pandemic-related supply chain problems — hobbled supplies of popular formulas and specialty formulas for children with rare medical conditions.this week, calling on company executives, government regulators and outside experts to testify. The attention could spur changes to government safety and contracting rules that have been in place since the 1980s and favor big U.S.

The Federal Trade Commission announced Tuesday that it has launched an inquiry into the formula shortage, seeking information on any deceptive or fraudulent business practices related to it. The agency said it also aims to shed light on what led to the concentration in the baby formula market and the weak supply chains.

“They are pretty much the strictest food safety guidelines in the U.S. and America has some of the strictest guidelines in the world,” said Wendy White, a food safety expert at Georgia Tech. The biggest driver of the U.S. market, by far, is a massive federal nutrition program that provides formula and other foods to lower-income women and children. The WIC program accounts for more than 50% of the U.S. market, providing formula for more than 1.2 million babies, according to the National WIC Association, which represents state and local administrators who run the benefit.

The competitive effects of these sole-source contracts have been researched for years. A 2011 study by the U.S. Department of Agriculture found that whichever company wins a state's WIC contract typically sees their market share grow by 74%, on average, as WIC recipients switch to their brand. WIC contracts are generally rebid every four years and market share swings back and forth between the handful of players who compete.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WOKVNews /  🏆 247. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

David Cronenberg on U.S. Politics: Canadians “Think Everybody in the U.S. Is Completely Insane”David Cronenberg on U.S. Politics: Canadians “Think Everybody in the U.S. Is Completely Insane”The Canadian director and stars Viggo Mortensen, Lea Seydoux and Kristen Stewart discuss his body-horror shocker 'Crimes of the Future.'
Read more »

Biden highlights Hyundai announcement of $10B US investmentBiden highlights Hyundai announcement of $10B US investmentIn South Korea, President Biden announced Hyundai will invest more than $10 billion towards electric vehicles in the United States.
Read more »

Florida Reports First Case Of Monkeypox, Third Potential Case In The U.S.Florida Reports First Case Of Monkeypox, Third Potential Case In The U.S.The case was reported in Broward County, Florida. The patient, who was infected during international travel, is currently isolated.
Read more »

78,000 pounds of infant formula arrives in U.S. from Europe; more to come78,000 pounds of infant formula arrives in U.S. from Europe; more to comeThe flights are intended to provide “some incremental relief in the coming days” as the government works on a more lasting response to the shortage .
Read more »

Average US gasoline price jumps 33 cents to $4.71 per gallonCAMARILLO, Calif. (AP) — The average U. S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4. 71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline supplies. The average price at the pump is $1. 61 higher than it was one year ago. Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $6. 20 per gallon.
Read more »



Render Time: 2025-02-08 11:58:04