ABC News published this video item, entitled “Baby formula crisis: How we got here, what actions are being taken” – below is their description.
The shortage is due to several factors, including supply chain snags, rising inflation and recalls of baby formula products.
ABC News YouTube Channel
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American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.
ABC News is primarily broadcast from the Times Square Studios in New York City.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
In commerce, a supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.
