Walmart CEO Doug McMillon said on a recent quarterly earnings call that new regional shortages have everything to do with local COVID cases.
“We’re going to be able to respond in this instance better than we did in the first half of the year, although we’re still — as a total supply chain — stressed in some places,” he said.
Many stores have set limits on purchases to ensure people get their shot at basic necessities. And more than a third of consumers — or 86.7 million Americans — already have been stockpiling household supplies, according to a November survey from LendingTree. The top items being hoarded? Food, hand sanitizer, cleaning supplies, face masks, water and paper products. Beyond grocery goods, Americans have been stockpiling entertainment products (including books and games), beauty products, office supplies and pet food, the survey showed.