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People are panic-buying toilet paper because of the port strike. There is no need for that

People are panic-buying toilet paper because of the port strike. There is no need for that
AND APPLE APP STORES. THE PORT WORKERS STRIKE HAPPENING ACROSS THE EAST AND GULF COASTS ... HAS NOW BEEN IN EFFECT FOR MORE THAN 18 HOURS. WJCL 22 NEWS' A-J SISSON JOINS US NOW LIVE FROM THE PICKET LINES ... ON THE PORT OF SAVANNAH. AND A-J ... THE SHUT-DOWN THREATENS MAJOR ECONOMIC IMPACTS .. ACROSS THE UNITED STATES. OUTSIDE THE PORT OF SAVANNAH ... (ADLIB). IT'S HARD TO PREDICT EXACTLY HOW LARGE THAT IMPACT COULD BE ... BUT SOME SUPPLIERS HAVE ACTUALLY FRONT- LOADED THEIR WAREHOUSES ... TO LIMIT THAT IMPACT. THE STAKES ARE HIGH ... WITH THE PORT OF SAVANNAH AND BRUNSWICK BEING TWO OF THE BUSIEST PORTS IN AMERICA. STARTED THIS EARLY THIS MORNING ... AS AROUND 85,000 WORKERS IN THE INTERNATIONAL LONGSHOREMAN'S ASSOCIATION ... ARE ASKING FOR HIGHER WAGES. THE I-L-A IS A UNION FOR PORT WORKERS ... AND IS DEMANDING A WAGE INCREASE OF FIVE DOLLARS AN HOUR EVERY YEAR. THE U-S MARITIME ASSOCIATION PROPOSED TWO DOLLARS AND FIFTY CENTS PER HOUR. THE I-L-A PROVIDED A STATEMENT ON THE STRIKE SAYING IN PART: "THE I-L-A WILL CONTINUE TO FIGHT UNTIL ITS MEMBERS RECEIVE THE FAIR CONTRACT THEY DESERVE" EXPERTS SAY IF THIS STRIKE LASTS THREE DAYS ... IT COULD CAUSE A TWO WEEK DELAY ON SHIPMENTS. A WEEK LONG STRIKE ... COULD DELAY THINGS INTO NOVEMBER. FOLLOW ALONG WITH US ON-AIR AND ONLINE AT WJCL DOT COM. LIVE FROM SAVANNAH, AJ SISSON - WJCL 22 NEW
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People are panic-buying toilet paper because of the port strike. There is no need for that
Toilet paper shortages in stores across America are giving folks nightmarish reminders of the pandemic era. But the lack of toilet paper isn’t a direct result of a major port strike Tuesday. It’s because of panic buying.Reports of shortages filled social media Tuesday, showing empty shelves where toilet paper and, to a lesser extent, paper towels were supposed to be.“They cleaned out the toilet paper at my local Walmart in Virginia. Toilet paper hoarding 2.0!,” wrote one person in a post on X, along with a photo of empty shelves.“Shelves at Costco & Target running low or out of paper towels in Monmouth County NJ,” posted another X user. “Seeing people buying TP & water too in reax to port strike. Costco employee told me they were sold out of TP/paper towels this am.”But the strike at ports from Maine to Texas will have absolutely zero impact on the supply of these products.The overwhelming majority — more than 90% by some estimates — of U.S. toilet paper consumption comes from domestic factories. Most of the rest comes from Canada and Mexico, which means it most likely arrives by rail or truck, not ship.The American Forest and Paper Association, the trade group representing paper manufacturers, expressed concerns about the impact that the port strike could have on its members. But it cited the risk to its exports to foreign markets being cut off by the strike. Not imports.If anything, the strike could result in a glut of toilet paper. Not a shortage.But that didn’t stop the mob psychology of people rushing to stock up out of fear of a shortage, fed by bad memories of shortages and limitations on purchases that occurred in 2020 during the pandemic.There will likely be some shortages caused by the port strike, but mostly for perishable goods for which the U.S. market depends on imports. Item one is bananas.Imports account for nearly 100% of the U.S. supply of bananas, America’s most popular fruit by volume, and more than half of banana imports come in through the ports being struck as of early Tuesday morning, according to data from the American Farm Bureau. More than a quarter of the imports come in through just one port in Wilmington, Delaware.Those bananas have a short shelf life. It’s only a couple of weeks between when they are cut from a banana tree to when they appear on grocery shelves, and it’s less than two weeks after that they turn brown or black on your kitchen counter. So, shippers weren’t able to ship a large volume in advance of the strike.Toilet paper is the opposite of a perishable good. Any toilet paper hoarded today will last until the next round of panic buying, even it happens years from now. Almost none of it moved through the ports that are shut today.

Toilet paper shortages in stores across America are giving folks nightmarish reminders of the pandemic era. But the lack of toilet paper isn’t a direct result of a major port strike Tuesday. It’s because of panic buying.

Reports of shortages filled social media Tuesday, showing empty shelves where toilet paper and, to a lesser extent, paper towels were supposed to be.

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“They cleaned out the toilet paper at my local Walmart in Virginia. Toilet paper hoarding 2.0!,” wrote one person in a post on X, along with a photo of empty shelves.

“Shelves at Costco & Target running low or out of paper towels in Monmouth County NJ,” posted another X user. “Seeing people buying TP & water too in reax to port strike. Costco employee told me they were sold out of TP/paper towels this am.”

But the strike at ports from Maine to Texas will have absolutely zero impact on the supply of these products.

The overwhelming majority — more than 90% by some estimates — of U.S. toilet paper consumption comes from domestic factories. Most of the rest comes from Canada and Mexico, which means it most likely arrives by rail or truck, not ship.

The American Forest and Paper Association, the trade group representing paper manufacturers, expressed concerns about the impact that the port strike could have on its members. But it cited the risk to its exports to foreign markets being cut off by the strike. Not imports.

If anything, the strike could result in a glut of toilet paper. Not a shortage.

But that didn’t stop the mob psychology of people rushing to stock up out of fear of a shortage, fed by bad memories of shortages and limitations on purchases that occurred in 2020 during the pandemic.

There will likely be some shortages caused by the port strike, but mostly for perishable goods for which the U.S. market depends on imports. Item one is bananas.

Imports account for nearly 100% of the U.S. supply of bananas, America’s most popular fruit by volume, and more than half of banana imports come in through the ports being struck as of early Tuesday morning, according to data from the American Farm Bureau. More than a quarter of the imports come in through just one port in Wilmington, Delaware.

Those bananas have a short shelf life. It’s only a couple of weeks between when they are cut from a banana tree to when they appear on grocery shelves, and it’s less than two weeks after that they turn brown or black on your kitchen counter. So, shippers weren’t able to ship a large volume in advance of the strike.

Toilet paper is the opposite of a perishable good. Any toilet paper hoarded today will last until the next round of panic buying, even it happens years from now. Almost none of it moved through the ports that are shut today.