Baby Formula Debacle.
The Biden Administration is poised to invoke the Defense Production Act to get more formula to parents in a bizarre supply chain dilemma. (CBS News)
“The Defense Production Act, enacted in 1950, authorizes the president to require companies to sign contracts or fill orders for products needed for the nation’s defense. It also lets the president make sure price gouging doesn’t occur and gives the president freedom to incentivize the expanded production, with loans and purchase commitments.”
The pandemic and post pandemic world feels bizarre to the residents of many places around the World. The always available every day use items, like baby formula and toilet paper, suddenly became in short supply after an abundance of absolutely everything since the end of the last World War. Navigating the novel supply chain issues continues to vex leaders in all corners of the planet because they know their political livelihood depends on a successful outcome.
