The head of one of the four companies that control 90 percent of the U.S. market for baby formula has warned that the shortages nationwide could last until the end of the year, as President Joe Biden’s critics mocked his claim that ‘only a mind reader’ could have predicted the current crisis.
On Friday CEO of formula giant Perrigo Murray Kessler, told Reuters he expects shortages and heightened demand to last for the ‘balance of the year.’
Kessler said their factories in Ohio and Vermont are running at 115 percent capacity, to compensate for Chicago-based Abbott’s shutdown – but added that supplies would remain erratic for the remainder of 2022.
‘We have stepped up and are killing ourselves to do everything we can,’ Kessler said.
At the request of the FDA, Perrigo is focusing on four…
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