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Four companies account for roughly 90% of the market: Abbott, Reckitt, Nestle and Perrigo, according to industry figures. manufacturers that are capable of navigating the complex requirements.īaby formula is one of the few American products essentially unaffected by globalization, with 98% of the supply manufactured domestically. The attention could spur changes to government safety and contracting rules that have been in place since the 1980s and favor big U.S.
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Lawmakers will hold three hearings on the issue this week, calling on company executives, government regulators and outside experts to testify. The product was not part of a February recall. The company also said it received permission from regulators to release 300,000 cans of its EleCare specialty formula for babies with allergic and digestive disorders. and has been closed since February, hobbling supplies of popular formulas and specialty formulas for children with rare medical conditions. The factory is the largest of its kind in the U.S. “We’ve created this problem by not setting up an infrastructure for imports.”Ībbott Nutrition said Tuesday it expects to restart its shuttered Michigan plant June 4 and begin shipping new formula to stores about three weeks later. We just don’t have access to it,” said Bindiya Vakil, CEO of Resilinc, a supply chain analytics firm. “There’s perfectly good and safe baby formula available around the world.