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Sales of Reckitt baby formula to take hit
Reckitt, the British consumer goods company, stated on Wednesday that sales of its Mead Johnson baby formula powder are expected to take a short-term hit due to a tornado damaging a third-party warehouse in the United States.
The Mount Vernon warehouse in Indiana, crucial for Reckitt's Mead Johnson Nutrition business, has been inactive since the tornado hit on July 9. The facility stored both raw materials and finished products, the company noted.
All employees are safe, the company added, saying it had diverted deliveries to other warehouses in the United States.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751