Decades of market consolidation in the U.S. have resulted in problems like the one millions of American families are now facing. Four companies — Abbott, Perrigo, Nestle and Mead Johnson — control 90% of the U.S. supply of formula.
Michelle Carroll, Supply Chain Management Department chair at Fayetteville (North Carolina) Technical Community College, talks about the importance of preparing students for a career in supply chain.
Many observers in the global supply chain and logistics industries are eagerly awaiting a restabilization of supply and demand. But it’s time to bust the myth of a “return to normal.”
A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid.
President Biden invoked emergency powers under the Defense Production Act to try and boost production of baby formula, while ordering the use of government planes for imports to alleviate shortages.
Hospitals around the U.S. are postponing CT scans and rationing care while waiting on shipments of medical dye made in a Shanghai plant that just restarted production amid the city’s lockdown.
U.S. and European businesses are reconsidering their investments in China after the lockdown in Shanghai and restrictions in other cities caused major disruption to their operations.
America’s restaurants are in the same boat as the rest of the country, battling the soaring food and fuel costs that recently helped send U.S. inflation to a 40-year high.
Abbott Laboratories reached a pact with U.S. authorities that would allow it to begin making baby formula again at a troubled plant in Michigan, a move that could help ease a supply shortfall that has rattled many parents.