As of Monday, there were 25% more baby-formula products available nationwide compared to the peak of the shortage in late May, according to consumer-data company Datasembly.
The national average out-of-stock rates in stores and online stood at 61%, down from a peak of 86% for the week of May 29. Datasembly tracked 130,000 stores across North America.
— Ben Reich, Datasembly founder and CEO Still, some states and cities have persistently high out-of-stock rates: 77% of baby-formula products were out of stock in Alaska and Delaware as of Monday; 75% and 71% were out of stock in Washington, D.C., and Maryland, respectively. Seattle and Oahu are experiencing out-of-stock rates above 78%.
In April and May, many parents started stocking up on baby formula products as supplies dwindled. But that panic appears to have subsided, according to data from global e-commerce company Pattern. The shortage also disproportionately hit lower-income mothers, as Abbott’s Similac was the main formula brand in many states for the government’s Special Supplemental Nutrition Program for Women, Infants, and Children .
The out-of-stock rate for baby formula hit Walmart “in a big way” in the second quarter, but now the situation is now “improving,” John R. Furner, president and chief executive officer of Walmart U.S. said in the earnings call on Tuesday. An Abbott spokesperson said the company has been importing infant formula products from their overseas manufacturing facilities approved by the U.S. Food and Drug Administration, including from their facilities in Granada, Spain, and Cootehill, Ireland.
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