As 2021 gets closer to turning into 2022, info about shortages and product limits is not anything any shopper wants to hear. Yet, there are some items that are hard to find on grocery store shelves and may even have a purchase limit, and Costco's CFO, Richard Galanti, discussed them in a recent earnings call with investors.
Here's what he said about what's happening:
Until the new stock comes in on time, here is the list of items affected that currently are low in stock or have purchase limits on them right now.
Toilet paper at Costco is currently facing a shipping delay—members who purchased it online were recently told by the company that their orders would take a little while to process because of increased demand.
A purchase limit was actually placed on toilet paper back in August, with members saying they were only able to buy one pack each trip.
This was the other paper product that was virtually impossible to find when the pandemic started—Galanti even called it a "key" item—and to make sure that doesn't happen again Costco put a purchasing limit on it.
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In July Costco members posted pictures on social media of signs in front of the water options showing a product limit of five cases of any brand per member.
The sign alludes to the shipping delays that Galanti spoke about. It says: "We are currently out of water. There is not yet an ETA for our next delivery. We apologize for the inconvenience."
With the Delta COVID-19 variant spreading around the country, cleaning supplies are also harder to find, and during the earnings call Galanti confirmed that Costco has placed a purchase limit on these in-demand items (think: Clorox and Lysol products).
Because the warehouses and website sells electronics, Costco has been affected by a chip shortage. Galanti said items like "computers, tablets, video games, [and] major appliances" are included and will be impacted until 2022.
Oils, like computer chips, are facing shortages and higher prices, Galanti said. However, he also revealed that the company has rented three shipping vessels to bring thousands of items from overseas next year in order to help out with this and other item issues.
For more info about what's happening at the warehouse in your neighborhood, read these next:
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