A tornado damaged Reckitt's Mead Johnson baby formula warehouse in Indiana on July 9, affecting short-term sales.

A tornado damaged a key warehouse for Reckitt's Mead Johnson baby formula in Indiana on July 9, potentially affecting sales in the short term. The crucial Mount Vernon warehouse, which houses raw materials and finished products, has been out of operation and Reckitt is working with customers and suppliers to minimize disruptions. The company has redirected inbound deliveries to other US warehouses and comprehensive insurance coverage should help mitigate earnings impact.

July 17, 2024
7 Articles