Costco has a shortage of imported cheese thanks to shipping container constraints and delays at major US ports
- Costco's stores of some imported food and home goods are running low.
- Shipping constraints are causing delivery delays and putting pressure on retailers.
- Costco's CFO said he expects supplies to return to normal within a few months.
On a conference call this month, CFO Richard Galanti said the retailer was seeing dwindling supplies for several household goods, including cheese, seafood, olive oil, furniture, sports equipment, and gardening supplies."Overseas freight has continued to be an issue in regards to container shortage and port delays," he said. "This has caused timing delays on certain categories."
The total cost of delivering oversea products to the US nearly tripled last month in comparison to the previous year, as prices reached $6.36 billion as compared to $2.46 billion a year earlier, according to CNN.Delays at key US ports, including Seattle, Oakland, and Los Angeles have also pushed delivery dates backwards and driven prices higher, though Galanti told investors he expects shipping delays to abate in the coming months.
While the pandemic has placed pressure on the
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