adplus-dvertising
Connect with us

Business

Baby formula shortage worrying new parents in Ottawa | CTV News – CTV News Ottawa

Published

 on


Empty shelves, a lack of options, and crying children; the ongoing baby formula shortage in the United States has made its way to Ottawa, and new parents say they’re desperate for answers.

“I hit panic mode as soon as I saw the shelves. Not only was there not the formula I needed, there was no formula at all. No brands, no different age categories, it was literally empty,” Melissa Lamb said.

Lamb says she stopped at four different stores before finding baby formula for her two-month old daughter, Lola.

“When you find some, you’re like, ‘I need to buy all of it that they have on the shelves.’ I didn’t because I want to save some for other moms who maybe aren’t as fortunate as me, who can obviously breastfeed,” Lamb said.

According to an audit from Field Agent Canada, baby formula is 21 per cent out of stock on Canadian shelves and slightly higher in Ottawa at 26 per cent. The shortages are a far cry from the estimated 40 per cent in the United States, but parents say they’re still concerned.

“I’m starting to get anxious again that we’re not going to be able to find it,” Janelle Côté said.

Côté’s six-month old daughter, Evie, suffers from acid reflux, and relies on Similac Sensitive formula; one of the many Similac products that were part of a major recall in the United States.

The recall ultimately led to a shutdown of baby formula maker Abbott’s Sturgis, Michigan facility; a major factor in the increasing supply issues.

“Within a month of taking this formula, we noticed it was gone. There was nothing. The shelves were constantly bare and then we found out there was a recall and that the recall was affecting other formulas because parents were having to buy our brand,” Côté said.

U.S. officials on Monday reached an agreement to allow Abbott to restart its largest domestic factory, though it will be two months or more before any new products ship from the site and retail experts in Canada say it could several weeks after shipping before shelves in Ottawa return to normal.

“I think you’re going to see something that’s four to six weeks from when that product starts to flow to when we start seeing a recovery at store level and that’s really assuming that consumers don’t continue to panic buy,” Jeff Doucette, General Manager of Field Agent Canada said.

The Ottawa Food Bank says the supply shortage has been affecting them for months, with some formula nearly impossible to purchase.

“In particular formula stage one has been almost impossible for us to find. Since January we’ve seen a 75 per cent decrease in the amount of formula we’ve been able to put out into the community,” Rachael Wilson, Executive Director of the Ottawa Food Bank said.

Wilson says 80 per cent of the formula the food bank receives is now donated items.

“We’ve never experienced anything like this. Having to order and pray that it shows up, it’s really challenging and stressful,” she added.

The supply chain delays mean Ottawa families will likely be forced to continue their hunt for formula for the next several weeks.

“I’m going to be at the mercy again of being on my phone, checking all these stocks at Walmart,” Côté said.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

Published

 on

 

Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store

Published

 on

Product Name: All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store

Click here to get All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store at discounted price while it’s still available…

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.

All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.

(more…)

Continue Reading

Business

CPC Practice Exam

Published

 on

Product Name: CPC Practice Exam

Click here to get CPC Practice Exam at discounted price while it’s still available…

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.

CPC Practice Exam is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.

(more…)

Continue Reading

Trending