Reuters
Published May 17, 2022 02:44AM ET
Updated May 17, 2022 04:10AM ET
By Richa Naidu
LONDON (Reuters) -Nestle SA is flying baby formula supplies to the United States from the Netherlands and Switzerland to alleviate the shortage in U.S. supermarkets, the company said on Tuesday.
Nestle is moving Gerber baby food formula to the United States from the Netherlands and Alfamino baby formula from Switzerland to the U.S., it said in an emailed statement to Reuters.
"We prioritized these products because they serve a critical medical purpose as they are for babies with cow's milk protein allergies," the company said. "Both products were already being imported but we moved shipments up and rushed via air to help fill immediate needs."
Baby formula aisles at U.S. supermarkets have been emptied by panicked parents since top U.S. manufacturer Abbott Laboratories (NYSE:ABT) in February recalled dozens of types of its Similac, Alimentum and EleCare formulas.
Reckitt Benckiser is boosting baby formula production by about 30% and making more frequent deliveries to stores as it looks to counter a nationwide shortage in U.S. supermarkets, an executive told Reuters on Tuesday.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.