Photo: Ethan Miller/Getty

Abbott Chairman of the Board and CEO Robert B. Ford delivers a keynote address at CES 2022 at The Venetian Las Vegas on January 6, 2022 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, is being held in person through January 7, with some companies deciding to participate virtually only or canceling their attendance due to concerns over the major surge in COVID-19 cases.

“We know that some children have been hospitalized because of the lack of EleCare, a specialized formula for children who cannot digest other formulas and milks,” Ford said. “I will not mince words — this is tragic and heartbreaking, and it is consuming my thoughts and those of my colleagues. Our highest priority is getting babies safe, quality formula they need as fast as possible.”

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Nearly empty formula shelf.Paul Weaver/SOPA Images/LightRocket via Getty

A sign on a nearly empty shelf informs customers that baby formula sales are limited to four units per child at a Target store. Baby formula has been in short supply for months at stores in the United States due to product recalls and supply chain issues. Target reported a 52% drop in profit for the first quarter of 2022. The company blamed higher expenses due to supply chain disruptions.

“These steps we’re taking won’t end the struggles of families today,” Ford ended. “Some solutions will take weeks, others will take longer, but we will not rest until it is done. I will not rest. I want everyone to trust us to do what is right, and I know that must be earned back.”

source: people.com