Experts discuss the US job surge and market reactions. Bond market reporter talks about Wall Street impacting apartment investors. Editor covers the municipal bond market trends. CEO of Bobbie addresses the issue of infant formula shortage in the US.
Bobby aims to revolutionize infant formula quality through domestic manufacturing investment and advocating for legislative changes like the Infant Formula Made in America Act.
The recent shortage of infant formula in the U.S. underscores the need for incentivizing diversified domestic manufacturing to prevent future supply shocks and ensure consistent supply.
Deep dives
Bobby's Mission to Reinvent Infant Formula Quality
Bobby aims to revolutionize infant formula quality by investing $100 million in domestic manufacturing facilities. The company's commitment to producing organic, pasture-raised infant formula is driven by the imperative to provide superior nutrition for babies, surpassing outdated standards of formula quality. Laura Moudy, Bobby's CEO, advocates for passing legislation like the Infant Formula Made in America Act to incentivize diversified manufacturing and ensure resilience in the infant formula supply chain.
Challenges in the Infant Formula Industry
The recent shortage of infant formula in the U.S. highlighted a critical issue in the industry's lack of resilience and diverse manufacturing sources. A single contamination incident caused a significant supply disruption, leading to a shortage of up to 70% and forcing families to travel long distances to find formula. The need for incentivizing domestic manufacturing and breaking industry concentration is crucial to prevent future supply shocks and ensure a consistent supply of infant formula.
The Importance of Quality Infant Formula
Laura Moudy emphasizes the significance of high-quality infant formula in nurturing the healthy development of babies. The antiquated formula standards need updating to align with scientific advancements and provide superior nutrition for infants. Bobby's focus on organic, pasture-raised ingredients underscores the commitment to elevating infant formula quality and supporting the growth and well-being of the next generation.
Driving Cultural Change in Infant Nutrition
Bobby's initiatives extend beyond product quality to advocate for cultural shifts in how infant nutrition is perceived and nurtured in society. By engaging in activism, awareness campaigns, and legislative efforts like the Infant Formula Made in America Act, Bobby aims to challenge societal norms and support parents in providing optimal nutrition for their babies. Laura Moudy envisions a future where infant nutrition is prioritized and supported through a holistic approach to caregiving and policy changes.
Joanie Bily, Chief Workforce Analyst at Employbridge, discusses the May U.S jobs report and employment trends. David Dietze, Senior Investment Strategist at Peapack Private, gives market reaction to Friday's jobs report. Scott Carpenter, Bloomberg Bond Market Reporter, discusses the Bloomberg Big Take Real Estate story: “Wall Street CLO Machine Wipes Out Apartment Investor.” Joe Mysak, Editor of the Bloomberg Brief: Municipal Market, joins to discuss the muni bond market. Laura Modi, CEO and Co-Founder of Bobbie, discusses the infant formula Made in America Act, inclusion in finance, and leadership.