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Costco confirmed it will start limiting purchases on essential household products for what has become a perfect storm of supply chain delays for many retailers.
“We are putting some limitations on key items like bath tissues, roll towels, Kirkland Signature water, high demand cleaning-related skews related to the uptick in the delta-related demand,” Costco chief financial officer Richard Galanti said during the company’s fourth quarter earnings call.
Beef, pork, and chicken in US cold storage warehouses have yet to recover from pandemic lows and could continue to support higher prices.
New United States Department of Agriculture (USDA) data shows beef reserves dropped 7.7% from a year ago in August, poultry supplies fell 20%, and pork plunged 44% to their lowest levels since 2017, according to Bloomberg. –
Learn More: https://www.foxbusiness.com/markets/costco-limit-purchases-supply-chain-inflation-pressure
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