It is a fact that government agencies are essentially controlled by the industries that they are supposed to regulate. It's so common that there is a name for it - Corporate Capture. Since the only thing that corporations care about is profit, they are slow to correct problems that may decrease it. Sometimes they have to be forced when the public gets enraged.
The causes of the current infant formula shortage are another case study in corporate/government corruption.
Bill Marler is a well-known attorney who has an exclusive practice in litigation regarding food safety. His recent post lays out the details of what led to this crisis.
https://www.marlerblog.com/lawyer-op...eds-to-fix-it/
EDIT
Additional information about how Corporate Capture contributed to this infant formula crisis.
https://theintercept.com/2022/05/13/...ting-lobbying/