Current:Home > MarketsCovid PTSD? Amid port strike some consumers are panic-buying goods like toilet paper -Mastery Money Tools
Covid PTSD? Amid port strike some consumers are panic-buying goods like toilet paper
View
Date:2025-04-12 08:28:17
During her lunch break on Tuesday – the day 45,000 East Coast port workers went on strike – Shayna Turbovsky went to the grocery store to stock up on meat, rice, beans, bananas and toilet paper. She also filled up her gas tank and plans to keep it topped off.
Turbovsky, who lives in Fort Worth, Texas, had not been planning to go to the store, but when a coworker told her she should stock up since there could be shortages and price increases due to the strike, she decided to go.
"I don't know how bad it's going to get, but the south east just got smacked by a hurricane and now the supply chain is going to be impacted through this strike...I would rather be overprepared than scared," Turbovsky posted on X.
During lunch hour Wednesday at a Costco in Arlington, Virginia, shelves that are normally stocked to the ceiling with paper towels and toilet paper still had supply, but the amount appeared lower than usual. Meanwhile, at a Los Angeles-area Costco, a worker said there had been an uptick in toilet paper sales, though it was nothing close to the pandemonium that occurred during the COVID-19 shutdown.
Toilet paper, paper towels not affected by the strike
But consumers may be stocking up on the wrong things – and panic-buying when they don't need to.
On Tuesday, 45,000 union workers went on strike when negotiations for a new contract broke down, shutting down 36 East and Gulf coast ports. It was the first International Longshoremen's Association (ILA) strike since 1977.
Half of all U.S. ocean imports flow through the East Coast and Gulf ports, which means consumers may face higher prices and shortages, experts have previously told USA TODAY. But those shortages would be for items like bananas, alcohol, seafood, electronics, pharmaceuticals, cars, auto parts and machinery parts.
Additionally, officials for President Joe Biden said in a previously reported USA TODAY story, that the strike impact on consumers would be “limited,” including “in the important areas of fuel, food and medicine.”
But some economists have told USA TODAY that each day of the strike could cost the economy up to $5 billion a day as imports and exports are blocked.
Consumer stockpiles to get ahead of the potential scarcity
Turbovsky said she knows that most of the things she stocked up on may not be affected by the port strike.
"But what I thought in my mind was the pandemic...Once people are scared, once this country feels the fear of anything, we will all feel the PTSD of the pandemic, so immediately people think of toilet paper, paper towels, food supply," she told USA TODAY.
"People feel the fear and want to overconsume and buy everything they can," she added.
Turbovsky spent $280 buying more than 30 pounds of meat to stash in her freezer, along with bananas, which she also froze, and other essentials. Turbovsky said she had a hard time finding meat during the pandemic when there were supply-chain issues.
She felt guilty buying so much meat, "but at the end of the day, I slept better at night knowing that I was prepared for the days to come," Turbovsky said.
Supply chain issue is different from Covid-19 shutdown
The reasons the port strike might cause product shortages differ from those that sparked the shortfalls during the pandemic when there were production shutdowns, said Josh Stillwagon, an associate professor and chair of the economics department at Babson College in Massachusetts.
"If all of the ports in the U.S. closed and we didn't have the West Coast (ports), I think you'd see something more like that (COVID-19 supply chain issues), where you'd have to worry about stockpiling," Stillwagon told USA TODAY.
Instead, Stillwagon thinks any strike-related shortages will mirror what occurred in 2021, when ports became congested as supplies started coming back online, delaying deliveries. Depending on how long the strike lasts, consumers should expect to see backlogs in goods arriving as shipments will have to be re-routed to the West Coast, he said.
Consumers will also pay more as extra transportation costs to get the goods from the West Coast to the East Coast will have to be built into prices, he said.
Stillwagon said he understands how consumers could feel uncertainty about the port strike, leading them to stockpile goods.
"People have that ambiguity about what the outcome will be, and so they sort of flock to the necessities that were very inconvenient last time when we didn't have them," he said. Concern may also be exacerbated by the aftermath of Hurricane Helene, which has left many of the people impacted struggling for necessities, "so people are stockpiling given both of these major news events."
Port strike fallout:Will gas prices, supplies be affected by the port strike? What experts say
Whether there will be shortages of goods from the strike depends on how long it lasts, said Stillwagon. Inventories are back to pre-pandemic levels and suppliers are "a little more attuned to disruption in the supply chain after COVID, so you may not notice it if it lasts a week or two," he said.
Not everyone is stocking up
Not all consumers were panic-buying.
Shoppers crowded the aisles at Grosvenor Market in Rockville, Maryland, at lunchtime Wednesday. But that was less about hoarding and more about Rosh Hashanah, the coming Jewish New Year, said Scot Shuck, the store’s owner.
By midday on day two of the port strike, Grosvenor customers had barely made a dent in the store’s inventory of milk, toilet paper, bread and other staples.
Shuck said he hasn't witnessed any of the panic-buying that gripped supermarkets back in 2020, at the height of the pandemic. Nor does he expect many supply-chain shortages to come.
If the strike does drag on, Shuck said, the store may have trouble procuring some of his customers’ favorite imports: “Wines, cheeses and, I think, more fruits than vegetables,” he said.
And so, Shuck said, “let’s hope that it blows over very quickly.”
USA TODAY staffers Josh Rivera, Medora Lee and Daniel de Visé contributed to this report. Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at [email protected] or follow her on X, Facebook or Instagram @blinfisher. Sign up for our free The Daily Money newsletter, which will include consumer news on Fridays, here.
veryGood! (929)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Video shows rest of old I-74 bridge over Mississippi River removed by explosives
- Remembering Bob Barker: Why this game show fan thought 'The Price is Right' host was aces
- Stock market today: Asian shares mostly rise after Fed chief speech
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- How Simone Biles captured her record eighth national title at US gymnastics championships
- Game show icon Bob Barker, tanned and charming host of 'The Price is Right,' dies at 99
- An ode to Harvey Milk for Smithsonian Folkways' 75th birthday
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Ozempic seems to curb cravings for alcohol. Here's what scientists think is going on
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Angels' Chase Silseth taken to hospital after being hit in head by teammate's errant throw
- Failed jailbreak for man accused of kidnapping, imprisoning woman, officials say
- Khloe Kardashian Cuddles Kids True Thompson and Tatum Rob Jr Thompson in Adorable Selfies
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Workers exposed to extreme heat have no consistent protection in the US
- How Paul Murdaugh testified from the grave to help convict his father
- American Airlines fined $4.1 million for dozens of long tarmac delays that trapped passengers
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Liam Payne hospitalized for kidney infection, cancels upcoming concerts: 'Need to rest'
Italy's Milan records hottest day in 260 years as Europe sizzles in another heat wave
The towering legends of the Muffler Men
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Chris Buescher wins NASCAR's regular-season finale, Bubba Wallace claims last playoff spot
Simone Biles wins a record 8th US Gymnastics title a full decade after her first
'Serious risk': Tropical Storm Idalia could slam Florida as a 'major' hurricane: Updates