The U.S. shortage of infant formula will improve by October, Nestlé S.A.'s Gerber Products Company president and CEO Tarun Malkani told reporters on Thursday.
, said last week that he expects the U.S. infant formula shortage to improve by October. During a Thursday media event at Nestle's U.S. headquarters in Virginia, he said that Gerber added market share as it produced formula to meet the surging demand.
Tarun Malkani, president and chief executive officer of Gerber Products Co., speaks virtually during a meeting with US President Joe Biden in the Eisenhower Executive Office Building in Washington, D.C., on June 1, 2022. In August, Walmart – the largest retailer in the country – said the availability of formula was improving.
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