Nestle CEO does not see ‘significant’ baby formula shortages outside U.S.

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FILE PHOTO: Ramstein Airmen prepare critical infant formula shipments for U.S.

ZURICH (Reuters) – Nestle does not expect “significant infant formula shortages” in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an interview Monday.

“This was very much a domestic situation caused by the outage of a large facility in the U.S.,” Schneider said, after a shortage hit the U.S. market. “It’s not like we’re taking this away from other consumers elsewhere – we had the product.”

(Reporting by Silke Koltrowitz; Additional reporting by Richa Naidu; Editing by Edmund Blair)

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