Infant formula shortage takes its toll on Mid-South families
The infant formula shortage has been caused by the closing of an Abbott Labs facility in Sturgis, Michigan, as well as the greater global supply chain crisis.
There are 5 article(s) tagged supply chain crisis:
The infant formula shortage has been caused by the closing of an Abbott Labs facility in Sturgis, Michigan, as well as the greater global supply chain crisis.
“I had a customer come pick up his ‘21 model Hyundai Palisade to drive it around with no rear bumper because we’ve had it since February,” said one body shop owner. “Nobody can even tell us when the bumper is coming.”
To help alleviate a supply-chain hardship that could last well into 2023, the Memphis-based logistics company pursues Mexico operations, something it hasn’t had since 2010.
The crisis has pushed many shoppers to look early for Christmas gifts and caused headaches for retailers big and small.
International Paper Co.’s third-quarter net income was $864 million. Earnings, adjusted for non-recurring gains, were $1.35 per share, falling short of Wall Street expectations of $1.46 per share.
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