Horace Cooper: Shortage of Baby Formula Continues Because We Still Haven’t Shifted Dependency From China’s Production

EXCERPT:

COOPER: "Well, we clearly have a supply chain management problem. We clearly have shifted in a way, when we shut down the economy, that we realized we rely overwhelmingly on unreliable sources, particularly China. No one in the White House, even though this problem has started to improve, no one in the White House has addressed the real serious problem, what are we doing so that in general, not just baby formula which is very important, but what are we doing so that we shift so there are more domestic supply opportunities? And what we also see in this particular case is a renegade regulatory environment of this administration. And so, one person talks or issues and a directive and shuts down an industry without regard. This is not too much unlike the snatch of gasoline stoves. One regulatory agency says, 'We want to do it,' and then when the White House realizes its impact, they say they don’t. The food -- excuse me, the baby formula problem is an exemplar of this."