Navigating the challenges of building a more resilient infant formula industry

IF 3.3 2区经济学 Q2 AGRICULTURAL ECONOMICS & POLICY

Applied Economic Perspectives and Policy Pub Date : 2024-01-10 DOI:10.1002/aepp.13416

Jackie Yenerall, Andrew Muhammad, Karen DeLong, Trey Malone

引用次数: 0

Abstract

In 2022, U.S. consumers experienced an infant formula shortage that resulted in historic out-of-stock rates and brought renewed attention to market concentration in the infant formula market. FDA regulation, tariffs, and limiting WIC benefit redemption to a state's contract brand of infant formula, all potential barriers to competition, were temporarily relaxed to mitigate the impact of the shortage. This article discusses the potential trade-offs associated with permanent policy changes while highlighting opportunities for future research to support the development of policies to improve resiliency in the infant formula market.

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应对挑战，建设更具复原力的婴儿配方奶粉行业

2022 年，美国消费者经历了一场婴儿配方奶粉短缺，造成了历史性的缺货率，使婴儿配方奶粉市场的市场集中度再次受到关注。美国食品和药物管理局（FDA）的规定、关税以及将 WIC 福利兑换限制为各州合同品牌的婴儿配方奶粉，这些潜在的竞争壁垒都被暂时放宽，以减轻短缺带来的影响。本文讨论了与永久性政策变化相关的潜在权衡，同时强调了未来研究的机会，以支持制定政策，提高婴儿配方奶粉市场的适应力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Applied Economic Perspectives and Policy AGRICULTURAL ECONOMICS & POLICY-

CiteScore

10.70

自引率

6.90%

发文量

117

审稿时长

>12 weeks

期刊介绍： Applied Economic Perspectives and Policy provides a forum to address contemporary and emerging policy issues within an economic framework that informs the decision-making and policy-making community. AEPP welcomes submissions related to the economics of public policy themes associated with agriculture; animal, plant, and human health; energy; environment; food and consumer behavior; international development; natural hazards; natural resources; population and migration; and regional and rural development.