NEW YORK — According to various published reports, CVS Health, Walgreens Boots Alliance, and Target announced this week that they have capped the purchases of baby formula as the nationwide shortage of products worsens.
The out-of-stock percentage for baby formula went over 50% across six states for the week ending April 24, Bloomberg reported on Tuesday, citing retail analytics firm, Datasembly. Meanwhile, the nationwide out-of-stock percentage reached 40%, up from 31% in early April and 11% at the end of November.
The baby formula shortage began in the summer of 2021 amid supply chain constraints, product recalls, and inflation.
CVS is said to have capped the sales at three baby formula products per purchase, a company spokesperson said,
“We’re continuing to work with our baby formula vendors to address this issue and we regret any inconvenience this causes our customers,” the spokesperson added.
CNN reported that Walgreens and Targehad limited the purchases to three baby formula products per customer. The companies were not available for comments.