Why stockpiling is not the crazy, selfish behaviour that it seems
warc.com
warc.com
> there is a good chance that if the small percentage of crazy buyers does not increase and the majority of shoppers who have been stocking up, go back towards a replenishment of their higher stocks, we should see the problem gradually subside in the coming days and weeks
I'm really hoping that's the case. I've been monitoring a few items online to see whether they're gradually coming back or not. We're pretty well stocked on some staples and other things, but the kid in me who grew up poor in a large family still has some anxiety about the whole food situation.
I also bought a bit more stuff. Why? Well we are 3 stuck at home 24/7 (well newborn doesn't really count, but wife needs good diet and baby seems to have some sort of cow protein alergy), so instead of eating lunch at work, we eat everything at home. Combine this with desire to visit shop as little as possible since its our only human contact indoor. I am really curious when things get back to normal, I guess in couple of weeks.
Just to clarify, I live in city with >1k confirmed infections (so probably 10-50k real ones), quite a few colleagues have it, working from home for second week.
So that’s a 25% increase on demand for retail sales.
While there’s some commonality of sourcing (restaurants buying from Costco), a lot isn’t. There’s probably a surplus of 10# cans of beans in a warehouse, but a shortage of 1# cans.
But I also believe caloric need is down 5-10% as we all become more sedentary (don’t have to go to work, but less unnecessary bullshit in general - e.g. driver’s licenses automatically extended another year).
Its a supply chain issue with 30% of the calories eaten outside of the home now shifting into the home. It's structural and it thus requires government intervention. When you consider that 8 hours a day people are using company toilet paper and eating lunch from lunch take out places and all that now gets shifted through the supermarkets there is a big problem. When the report was the bread was out consistently it should have become clear this was just everyone working from home needing lunch when previously they would have been doing that at work from a sandwich shop. The hoarding narrative allowed the government to avoid fixing the actual problem.
Rather that have somewhat increased the buying of what they normally buy, and added a few more things.
But in mass, all that small increase is clearing shelves, amking people thing it's hoarding behavior, when it is not.