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A family leaving Costco with toilet paper. Photo: William West/AFP via Getty Images

Costco CFO Richard Galanti said on Thursday that Costco is putting purchase limits on "key items," such as toilet paper, paper towels, bottled water and certain cleaning products, according to CNBC.

Driving the news: The problem has shifted from over-purchasing to a myriad of problems such as shipping delays, higher labor and freight costs and shortages on raw materials and ingredients, according to CNN.

  • “A year ago, there was a shortage of merchandise. Now they’ve got plenty of merchandise but there’s two- or three-week delays on getting it delivered. ... It really is all over the board," Galanti said.

The big picture: At the onset of the pandemic early last year, there was a shortage of many goods, including toilet paper.

Go deeper

Oct 9, 2021 - Health

California public schools to provide free menstrual products by 2022

Photo: Richard Levine/Corbis via Getty Images)

California Gov. Gavin Newsom signed a bill Friday to require public schools to stock their restrooms with free menstrual products.

Why it matters: The legislation comes after many women's rights advocates have pushed nationwide for affordable access to pads, tampons and other women's hygiene products.

Grocery stores could face supply shortages ahead of holidays

Photo: Joe Raedle/Getty Images

Grocery stores could have limited quantities of a number of products heading into the holidays after some of the country's biggest food manufacturers say they're short on supply, CNN reports.

Driving the news: Many companies have told grocers that they'll be short on supply due to labor, commodity and transportation constraints restraining supply chains, according to CNN.

"Atmospheric river" to whiplash Northern California from drought to flood

A map depicting 24-hour preciptation forecast (inches) ending Monday at 5a.m. local time. Photo: NOAA

A series of powerful "atmospheric river" storms are set dump historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest from this weekend, forecasters warn.

Why it matters: A strong atmospheric river, packing large amounts of moisture, is predicted to whiplash Northern California from drought to flood.