It's 2024: Why are there still formula shortages in Canada? [Globe and Mail, The (Toronto, Canada)]
Abbott Laboratories (ABT)
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Source: Globe and Mail, The
A staff member had disappeared into the back to look, unsuccessfully, for the formula requested by the other dad. We were luckier: a member of our extended family had managed to secure the formula we needed at another location. With something to actually feed our daughter since my milk had not yet come in, we were able to take our premature, four-something-pound newborn home from the hospital. The severe formula shortages in the U.S. and Canada that year were caused by a confluence of factors, including lingering supply chain issues from the COVID-19 pandemic. But the critical trigger was the closing of a major U.S. production plant in Michigan following reports of serious bacterial infections in four infants. The Abbott plant, which was one of four factories that produced roughly 90 per cent of formula in the U.S., was shut down in February, 2022, for about six months (and then subsequently shut down again because of flooding), which caused critical formula shortages. Canada then,
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News
- The Dividend Kings: Must-Own Stocks for Canadian Investors [Yahoo! Finance Canada]Yahoo! Finance Canada
- Point-of-Care Diagnostics Market Surges to USD 68.8 Billion by 2030, Propelled by 6.6% CAGR - Verified Market Reports® [Yahoo! Finance]Yahoo! Finance
- Abbott Laboratories (ABT) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- Abbott Laboratories (NYSE: ABT) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $120.00 price target on the stock.MarketBeat
- Abbott and the Big Ten Conference Tackle U.S. Blood Shortages with First-of-its-Kind, Nationwide Blood Donation Competition, 'The We Give Blood Drive'PR Newswire
ABT
Earnings
- 7/18/24 - Beat
ABT
Sec Filings
- 9/13/24 - Form 4
- 9/12/24 - Form 144
- 9/4/24 - Form 4
- ABT's page on the SEC website