Navigating the challenges of building a more resilient infant formula industry

Jackie Yenerall, Andrew Muhammad, Karen DeLong and Trey Malone ()

Applied Economic Perspectives and Policy, 2024, vol. 46, issue 2, 499-513

Abstract: In 2022, U.S. consumers experienced an infant formula shortage that resulted in historic out‐of‐stock rates and brought renewed attention to market concentration in the infant formula market. FDA regulation, tariffs, and limiting WIC benefit redemption to a state's contract brand of infant formula, all potential barriers to competition, were temporarily relaxed to mitigate the impact of the shortage. This article discusses the potential trade‐offs associated with permanent policy changes while highlighting opportunities for future research to support the development of policies to improve resiliency in the infant formula market.

Date: 2024
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https://doi.org/10.1002/aepp.13416

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Persistent link: https://EconPapers.repec.org/RePEc:wly:apecpp:v:46:y:2024:i:2:p:499-513

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