Prognosis
Retailers Including CVS Ration Baby Formula as Shortages Hit 50%
A nearly empty baby-formula shelf at a Target store in Orlando, Florida, on May 8.
Photographer: Paul Hennessy/SOPA Images/LightRocket/Getty ImagesThis article is for subscribers only.
If you’re hearing a cry go up across the land, it may be because of the latest shortage building in the U.S.: baby formula.
Six states were showing out-of-stock percentages for baby formula higher than 50% for the week starting April 24, with the number of states nearing 50% more than tripling to 26 from just three weeks earlier, Datasembly said in a statement provided to Bloomberg. Nationwide the average was 40%, building from 31% in early April and 11% at the end of November.