Else Nutrition Holdings Inc (BABYF)

[mrdecember123]

predicted shortages for 2023, number 10 is as follows:
10. Infant Formula
In February of last year, Abbott, the U.S.'s largest infant formula manufacturer (The Daily Meal notes that they make Similac, Alimentum, and Elecare), temporarily stopped production and issued a massive recall when they discovered bacteria at a facility, CNBC reports. By May of 2022, a full-on shortage was happening, with "more than 40% of the usual stock unavailable," as The Daily Meal writes. "Big retailers like CVS and Target issued purchase limits, and the White House intervened with Operation Fly Formula, obtaining and quickly distributing reserves of the vital food constituting more than 13 million servings," the outlet notes.

The shortage (while thankfully not in such a critical state as it was earlier) continued through 2022, according to Reuters. "It will likely remain in effect into the middle of 2023," The Daily Meal adds, also pointing out that Reckitt Benckiser, manufacturer of formula market leader Enfamil, announced that "while many companies had increased production, it still wouldn't be enough to stabilize the market,or get stock to 2021 levels.