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.
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.