CHICAGO (NewsNation Now) — Remember the bad old days of 2020, when toilet paper was selling for $5 a roll on eBay and grocery store shelves seemed permanently bare of essentials … and baking flour?
Scarcity days are here again, but this time the cause isn't millions of people suddenly having to flush, eat, cook and amuse themselves at home while on lockdown. The problem is a serious lack of everything from cargo ships to tractor-trailers in the supply chain that brings everything to local stores. The labor shortage caused by the pandemic hit everywhere, and that include truckers, ship crews, dock workers and freight handlers.
Retail giant Costco is limiting customer purchases of toilet paper, bottled water and cleaning supplies to try to forestall the kind of bare shelves it and just about every other major retailer saw during the initial phase of the pandemic. Costco Chief Financial Officer Richard Galanti didn't give specifics during an earnings call Thursday, but made clear that limits would be placed.