America is running out of baby formula because 3 companies control the market and babies aren’t that profitable

America is running out of baby formula because 3 companies control the market and babies aren’t that profitable

A baby formula shortage gripping the U.S. since March has parents in a panic over where and when they’ll be able to find the products they need to feed their kids.

The out-of-stock rate, representing the amount of formula that’s not in stock compared to what’s typically available, was 43% for the week ending May 8, according to Datasembly, a provider of real-time product data for retailers and consumer packaged goods (CPG) brands.

With no easy end in sight, caregivers nationwide have…


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