**Panic Buying Sweeps East and Gulf Coasts Amid Ongoing Port Strikes**

Grocery stores and retailers have been experiencing a surge in panic buying along the East and Gulf Coasts as a port strike continues into its third day. Shoppers are rapidly clearing shelves of household items like toilet paper and bottled water due to fears of impending shortages, despite assurances that these products are not at risk.

The National Grocers Association, which represents over 1,500 independent supermarkets across the United States, has called for calm. In a statement to CNBC, a spokesman emphasized that efforts are being made to secure alternative supply options and manage inventories effectively. The organization reassured consumers that many household staples are manufactured domestically and should remain unaffected.

Data from the Department of Commerce supports these claims, noting that nearly 90% of toilet paper consumed in the U.S. is produced domestically. Furthermore, imported supplies predominantly come from Canada and Mexico via road or rail, thus not impacted by the port stoppage.

The National Retail Federation highlighted that retailers have been bracing for potential strikes for months, stockpiling both discretionary and non-discretionary items. They are working closely with supply chain partners to guarantee that essential products remain available. The federation urged consumers to buy responsibly and leave items on the shelves for those who need them immediately.

Bill Simon, former CEO of Walmart, warned that panic buying could strain not just imported goods but also domestic products. He cautioned that the surge in demand could drive prices up sharply, adding pressure on consumers already dealing with inflation.

John Catsimatidis, owner of the NYC supermarket chain Gristedes, confirmed the ongoing panic buying frenzy. He expressed particular concern over fresh produce and noted efforts are being made to find alternative transport methods. Vizion reported that nearly 2,000 containers filled with fresh produce are stuck on vessels at closed ports.

Catsimatidis criticized the Biden administration for not invoking the Taft-Hartley Act, which would mandate an 80-day cooling-off period. He urged the government to intervene and bring both sides back to the negotiation table.

Stew Leonard, Jr., CEO of Stew Leonard’s grocery stores, mentioned that while his stores had frontloaded supplies and are prepared through Thanksgiving, shoppers might need to make adjustments. Products such as imported fruits and fish might see price hikes due to longer transit times and increased logistical costs.

As the situation unfolds, stakeholders continue to call for sustained calm and responsible purchasing behavior to minimize disruptions and prevent further escalation of supply chain difficulties.