In the week ending April 24, 40 to 50 percent of the top-selling baby formula products were out of stock at stores across the country
For the week of April 3, at least 12 states faced out of stock rates higher than 40 percent, including Connecticut, Delaware, Montana, New Jersey, Rhode Island
During the same time period Iowa, South Dakota and North Dakota suffered 50 to 51 percent out of stock rate and Missouri a 52 percent shortage
Meanwhile 12 major metro areas faces out of stock rates higher than 40 percent, including Baltimore, Charlotte, Des Moines, Greenville, Hartford-New Haven
The shortage comes amid COVID-related supply-chain issues and a national recall after a bacteria was found at a Michigan plant
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
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