Abbott CEO provides update on progress as baby formula shortage persists

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Abbott CEO provides update on progress as baby formula shortage persists
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Abbott Laboratories CEO Robert Ford says the company replaced leadership at its troubled Michigan facility and is building a new infant formula plant.

, prioritizing specialty formulas like EleCare, and popular Similac products made at the plant are expected to be available at retailers over the coming weeks, Ford noted.

Shelves for baby and toddler formula are partially empty, as the quantity a shopper can buy is limited amid continuing nationwide shortages, at a grocery store in Medford, Massachusetts, U.S., May 17, 2022. The CEO said that despite the disruptions at the Michigan facility, Abbott's move to boost global production at other sites and direct products to the U.S. nearly made up for the lack of output at the plant, saying, "We delivered roughly the same volume of formula to our U.S. customers this past quarter as we did during the three months prior to the recall."

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