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Consumer products sales jumped 9.4% to $1.53 trillion last year

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People shop for toilet paper at a Costco store in Novato, California on March 14, 2020.

Josh Edelson | AFP | Getty Images

Surging demand stemming from the coronavirus pandemic led sales of consumer packaged goods, which encompasses everything from toilet paper to canned soup, to climb 9.4% to $1.53 trillion last year, according to new report from the Consumer Brands Association.

But the boom in demand hasn’t abated yet, and the trade group said that manufacturers are still struggling to catch up on inventory. To meet the challenge, companies are hiring more workers, adding new factory lines and boosting wages amid the protracted surge in demand.

“This was the greatest test that the system…



Source cnbc.com

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