Recent days have witnessed a surge in customer activity at Costco stores across the United States, with reports of long lines and product shortages reminiscent of the early pandemic days. This sudden influx is attributed to fears surrounding the ongoing port workers' strike along the East and Gulf Coasts.
Will Wong, a 53-year-old Alexandria resident, encountered an unexpectedly busy scene at the Springfield, Virginia Costco location. Wong observed approximately 300 people queuing, with lines extending to the back of the store. Upon inquiry, he learned that customers were bulk-buying various items in anticipation of potential shortages.
Despite the apparent panic, experts are urging consumers to remain calm, particularly regarding toilet paper supplies. The American Forest & Paper Association has reassured the public that tissue products continue to be manufactured and distributed as usual. In fact, the United States is a leader in toilet paper production, with approximately 85% of domestic demand met by U.S. manufacturers.
It's worth noting that the average American uses about 141 rolls of toilet paper annually, contributing to a market valued at $31.8 billion in 2020. The first commercial toilet paper in the U.S. was produced in 1857 by Joseph C. Gayetty, long before the founding of modern retail giants like Costco in 1983.
The current situation stems from a strike by the International Longshoremen's Association, an organization with roots dating back to 1892. This labor action is expected to impact imports through East and Gulf Coast ports, which handle a significant portion of U.S. waterborne foreign trade. However, toilet paper is primarily distributed by rail and truck within North America, minimizing the strike's impact on this essential product.
While toilet paper shortages are unlikely, other products may face supply chain disruptions. The U.S. imports large quantities of certain goods, including bananas (with Americans consuming about 27 pounds per person annually) and vehicles (with approximately 17 million imported in 2022).
Retailers, represented by the National Retail Federation (founded in 1911), have been preparing for the possibility of a strike by front-loading shipments. They are advising consumers against panic buying, emphasizing that there is no need to stockpile items unnecessarily.
As the situation unfolds, it's crucial for consumers to shop responsibly and consider the needs of others. The paper industry, which employs about 950,000 people in the U.S., continues to operate normally, ensuring a steady supply of essential products.
"There is no need for panic buying, and we encourage consumers to shop responsibly. If you don't need an item in the next two weeks, please leave it for someone who does."
While the port strike may cause some disruptions, it's important to maintain perspective. The U.S. has a robust manufacturing and distribution network for many essential goods, and temporary shortages are often exacerbated by panic buying rather than actual supply issues. As consumers, we can contribute to market stability by making informed decisions and avoiding unnecessary stockpiling.