'Biden to hold virtual meeting with executives to address baby...

'Biden to hold virtual meeting with executives to address baby formula shortage' - 06/01/22 5:00 AM ET

President Biden is convening a virtual meeting Wednesday of administration officials and industry representatives to discuss the nationwide infant formula shortage, according to the White House.

Biden will virtually host executives from Bubs Australia, Reckitt, Gerber, Perrigo Company, and ByHeart to “to receive updates on their progress in ramping up the supply of formula in the U.S.,” a White House official said.

Health and Human Services Secretary Xavier Becerra and Surgeon General Vivek Murthy are also scheduled to attend the event at the White House Wednesday afternoon.

The conversation is expected to be centered on the Biden administration’s use of the Defense Production Act, a Cold War-era law, to ramp up domestic production of infant formula amid a critical shortage across the country, the official said.

The officials and industry executives are also expected to discuss the administration’s efforts to quickly increase imports of formula from overseas using military flights through “Operation Fly Formula.”

The administration has been grappling with the shortage stemming from the closure of an Abbott Nutrition factory back in February due to safety concerns after babies fell ill from ingesting formula made at the plant.

The Biden administration and Abbott reached an agreement earlier this month to reopen the plant, but it is expected to take some time for the plant to come back online.

In the meantime, the administration, facing intense pressure from lawmakers and families, has been taking steps to increase domestic production as well as expand the formula that the U.S. obtains from overseas in order to fill the gaps.

Murthy and first lady Jill Biden met the second flight of “Operation Fly Formula” when it landed at Dulles airport outside Washington last week carrying some 100,000 pounds of infant formula produced by Nestlé.

"Shelves typically stocked with baby formula sit mostly empty at a store in San Antonio, Tuesday, May 10, 2022. A massive baby formula recall, combined with COVID-related supply chain problems, is getting most of the blame for the shortage that’s causing distress for many parents across the U.S. But the nation’s formula supply has long been vulnerable to this type of crisis, experts say, due to decades-old rules and policies that have allowed a handful of companies to corner nearly the entire U.S. market."




Wow this is a hot topic over in the US right now.. Bubs sitting at the round table tomorrow and Biden's under pressure to 'expand formula that US obtains from overseas' due to decades-old rules and policies that allow very few companies to export formula to the US market..

The US is in crisis and Biden must respond by changing the policy moving forward allowing regulation for overseas exportation of formula. Exciting what tomorrows meeting will bring with Bub executives.