Reckitt Benckiser Group plc (RBGLY)
- Reuters
Baby formula makers ramp up U.S. supplies to tackle shortage
Top baby formula makers Reckitt Benckiser and Nestle have ramped up supplies to the United States to resolve a shortage that has emptied shelves and caused panic among parents. Baby formula aisles at U.S. supermarkets have been decimated since top U.S. manufacturer Abbott Laboratories in February recalled formulas after complaints of bacterial infections. Abbott said on Monday it had reached an agreement with the U.S. health regulator to resume production of baby formula at its Michigan plant, marking a major step towards resolving the nationwide shortage.
- Reuters
Enfamil maker Reckitt cranks up operations to put baby formula on U.S shelves
Reckitt Benckiser is boosting baby formula production by about 30% and making more frequent deliveries to stores as it looks to counter a nationwide shortage in U.S. supermarkets, an executive told Reuters. Reckitt, which makes its U.S. formula in three facilities in Michigan, Indiana and Minnesota, has also granted plants "unlimited overtime" to put in extra shifts, Robert Cleveland, senior vice president, North America and Europe Nutrition at Reckitt, told Reuters in an interview. Along with cutting back on some items that take longer to produce, this has allowed the company to make about 30% more baby formula, he said.
- Simply Wall St.
Bullish insiders at Reckitt Benckiser Group plc (LON:RKT) loaded up on UKÂŁ809k of stock earlier this year
Over the last year, a good number of insiders have significantly increased their holdings in Reckitt Benckiser Group...
