TP, act 2
https://www.cnn.com/2021/09/24/business/costco-toilet-paper-limits/index.html
Costco is once again placing limits on purchases of toilet paper, paper towels and cleaning supplies:
The
Delta variant continues to spread across the globe, sending demand for
those items higher. But that's not the only reason why Costco is
limiting purchases. The warehouse store is also having trouble finding
trucks, drivers and shipping containers to get the items to its stores.
"The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw materials and ingredients, labor cost pressures and truck and driver shortages,"
said Costco CFO Richard Galanti, speaking to investors after reporting
quarterly results Thursday evening. "Various major brands are requesting
longer lead times, and in some cases, difficulty in finding drivers and
trucks on short notice."
Last year, Costco and other retailers were having trouble keeping those products on their shelves because of panic buying by customers worried that they wouldn't be able to purchase them in the future. Manufacturers were also unable to keep up with the surge in demand.
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