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As the pandemic surged, I had many concerns, but running out of toilet paper wasn’t one of them—until it became a reality. With the Delta variant causing renewed anxiety, I wasn’t shocked when my friend sent me a text alerting me that Costco was once again rationing paper goods. At first, I dismissed it, thinking we wouldn’t face such a situation here again. But alas, Costco has now imposed limits on the quantity of toilet paper and bottled water that customers can purchase at once.
Typically, Costco is known for its bulk offerings: vast quantities of food, toilet paper, cleaning supplies, and more. However, despite a decline in COVID cases in the U.S., supply chain issues are reportedly behind this latest restriction. Richard A. Galanti, Costco’s executive vice president and CFO, mentioned in a recent call with investors that they are facing “port delays, container shortages, COVID disruptions, and labor shortages.” Sadly, scenes reminiscent of last year’s shopping frenzies are resurfacing.
Long lines and bare shelves are becoming all too familiar, with videos circulating online showcasing the chaos that ensues during these shortages. So why does toilet paper always seem to disappear first? A recent study in the Journal of Psychiatry Research indicates that panic buying stems from evolutionary responses to scarcity. Moreover, a report from the Journal of Anxiety Disorders suggests that those with a heightened fear of infection are more inclined to hoard toilet paper as a means of coping with their anxiety.
Interestingly, Costco has not specified the exact limits on household supplies yet. Galanti also noted an increase in overall price inflation for their products, which is expected to be between 3.5% and 4.5%. This means that not only are customers facing limits, but they will also be paying more for their bulk purchases.
On a positive note, Dr. Sarah Lewis, a former health official, mentioned in an interview that increasing vaccination rates could alleviate some of these issues. She emphasized the importance of reaching about 80% vaccination to see a decline in infection rates, which could help stabilize supply chains and, hopefully, toilet paper availability.
So, as we navigate these uncertain times, it’s crucial to stay informed and consider getting vaccinated—not just for health reasons, but also to help ensure a steady supply of essentials.
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In summary, Costco’s implementation of purchase limits on toilet paper and household supplies reflects ongoing supply chain challenges exacerbated by the pandemic. As consumers navigate this situation, staying updated on vaccination efforts can provide some hope for stabilizing access to essential goods.