products or perhaps in language that parents and caregivers back home would relate to, 5.5 million bottles of formula. so that s good news for desperate parents. one question i have for you is once those planes land in the u.s., how long it will take to get to store shelves because cnn is in touch with a lot of the big retailers, kroger, albertson s, walmart. it seems it takes two weeks from the first plane landing with formula to store shelves. why two weeks? really, both the u.s. government and the infant formula manufacturers are moving at the speed of safety. so if we think back to the first day that the fda gave the enforcement discretion to import all six of our infant formulas into the united states, within 24 days, we started to see the first products appear on
to wrap their heads around the fact that america s baby formula market is so vulnerable that the closure of a single factory in the united states could lead to a food crisis. one company that wants to help but can t is bobbie. the company sells its organic milk based formula directly to consumers. despite sales skyrocketing since the abbott recall, it has stopped accepting new customers. here in the country is three major players that make infant formula that are full stack with their own manufacturing and there is only one contract manufacturer that makes other infant formulas. laura modi is ceo and co founder of bobbie. there is nothing more painful than being in this situation right now and not being able to ramp up and meet ourdemand. so when one manufacturer closes the doors and owns the majority of the market, not everyone else is able to ramp up to be able to meet it.
Health and Happiness (H&H) International (OTCMKTS:BTSDF – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports. According to Zacks, “Health and Happiness International Holdings Limited manufactures and sells family nutrition and baby care products principally in Mainland China, […]