Major retailers Target, CVS, and Walgreens imposed baby formula purchasing limits to prevent hoarding as out-of-stock rates for the product soared to 31% nationwide.
In several states, including Delaware, Montana, and Texas, the rate is over 40%. The shortage has hit crisis level, causing panic among parents across the country. Economists warn that the problem is not likely to improve in the short term.
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SUPPLY CHAIN WOES: BABY FORMULA SHORTAGE
American families are raising the alarm about a shortage of baby formulas. While the formulas were readily available as recently as last year, shoppers now can’t find them in brick-and-mortar stores, while online sellers list them as “sold out.” Some third-party sellers online have them available, but only at exorbitant prices.
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