We found that only at the beginning of the run, there was contention on memory grants (RESOURCE_SEMAPHORE waits), for a short period of time. After that and later into the process, we could see some latch contention on regular data pages, which we didn’t expect as each thread was supposed to insert into its own row group. You would also see this same data by querying sys.dm_exec_requests live, if you caught it within the first minute of execution, as displayed below.
This is useful in case you run into the issue, but also useful as a case study on effective troubleshooting.