BUB bubs australia limited

Ann: Upgrade to FY22 Market Guidance, page-66

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    2022 United States infant formula shortage


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    In 2022, the United States experienced a severe shortage of infant formula as a result of the 2021–2022 global supply chain crisis compounded by a large scale product recall after two babies allegedly died after consuming Abbott infant formula,[1][2] import restrictions,[3] and market concentration.[4] Unlike other food products, infant formula often does not have an available and acceptable substitute as a source of nutrition for those who rely on it.[5][6] In addition to infants, the formula recalls have affected non-infant medical patients who require nasogastric feeding[6][7] or have certain other conditions.[8][9][10]

    Bare formula shelves with purchase limit notice, at a Safeway store in Monroe, Washington, in January 2022

    As of May 14, nationwide out-of-stock rates were reported to be 43%, up from 31% two weeks prior; by May 22, they had surged to 70%.[11] The Wall Street Journal states that the normal out-of-stock rate is 10%,[12] while other sources say that in the first half of 2021, out-of-stock rates were 2%-8%.[13]) In many places, store shelves are bare. Delaware, Kansas, and Tennessee were the hardest-hit states.[12] As of mid-May, manufacturers and retailers expected a months-long delay before formula stocks would be fully restored.[14] On May 27, FDA Commissioner Robert Califf reported to the Senate Health Committee that shortages would continue into July.[15] Effects of the shortage have also been felt in Canada.[16]
 
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