In order to take items from the Island home you need to transfer them using an item drop off box inside the resort on the Island, and pick them up on the wharf when you return to your village. When doing so the game gives you a warning to "pick up your items as soon as possible." This makes me think that items will vanish if I leave them in the box or too long, or after I perform a specific action (like shutting off the game or visiting the Island again).
Will items vanish from the Island item drop off box, and if so, when?