The supply chain is broken! Americans are scrambling for toilet paper and other daily necessities! Costco has limited purchases!

It is learned that Costco Chief Financial Officer Richard Galanti recently said that due to supply chain disruptions and truck driver shortages, Costco has restricted the purchase of paper towels, bottled water, and cleaning and personal care products in offline stores. Paper products and antibacterial wipes on Costco's online store have also been snapped up, and most packages will be delayed.

Costco said it was preparing inventory in advance to cope with peak season sales, but the delivery of many products had been delayed by two to three weeks, and purchase restrictions were implemented to ensure that there was something to sell on the shelves. In view of the severe challenges of supply chain issues this year, Costco decided to lease three ocean-going ships next year, each of which can load 800 to 1,000 containers at a time, to transport containers between Asia and the United States and Canada to ensure inventory replenishment.

Costco said Americans also saw strong demand for jewelry, household goods, drugs and sporting goods in the last three months.

Galanti said that like other retailers, the coronavirus has increased supply chain pressures and shipping costs for Costco. As early as August, some social media posts about purchase restrictions seemed to bring many Americans back to the tight supply situation at the beginning of the coronavirus outbreak in 2020.

Editor ✎ Estella/

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