Costco sets purchase limits on key items

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Costco CFO Richard Galanti said Thursday that Costco is imposing purchase limits on “key items” such as toilet paper, paper towels, bottled water and some cleaning products. CNBC.

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running news: The problem has shifted from over-purchasing to a number of problems such as shipping delays, high labor and freight costs and shortage of raw materials and materials, according to CNN.

  • “A year ago, there was a shortage of goods. Now they’ve got a lot of cargo, but it’s delayed by two or three weeks to deliver…

big picture: At the start of the pandemic early last year, there were shortages of many items, including toilet paper.

  • Those shortages have subsided, but as of earlier this week Costco announces there will be delays On toilet paper orders, Fox Business reports.
  • Supply shortages across the board are expected to impact the holiday season and continue at least until next spring.
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