How different countries are dealing with the Corona virus panic buying situation?
Corona virus panic buying situation around the Globe?. The novel Corona Virus has led to dire shortages at stores all around the globe.
Since, videos about the novel virus are viral on Social media platforms, it has subsequently started resulting in empty aisles at Walmart, USA. In addition, there is a shortage of packaged food in Milan, Italy. Cleaning supplies vanished in Melbourne, Australia. Pampers & Sanitary items were simply out of stock in Sydney, Australia. Lastly, Chicken and meat shops are empty almost everywhere.
Supermarkets have applied restriction on bulk buying. Additionally, some grocery stores restrict early shopping to seniors & disabled. Furthermore, this panic buying has resulted in some of the biggest sale increases too.
According to Nielsen’s report, Retail Measurement Services,
USA Medical mask 428% sales increase
Oat milk 441% sales increase
Thermometer 43% sales increase
Hand sanitizer 20% sales increase
Such behavior also occurred in previous pandemics including Spanish flu in 1918. American Red Cross played a major role in responding to the Influenza pandemic. As Covid-19, has certainly become a global crisis of unprecedented proportion, if we limit the social contact we can markedly “flatten” the corona-virus epidemic. Subsequently, we will have fewer sick people, allowing health-care systems & supply chains to provide precious resources.
Corona virus panic buying situation around the Globe?
Panic buying is one of the top most headlines of covid-19 .COVID-19 has also induced fears and anxiety among the people around the world. Above all, people have resorted to irrational buying of grocery, particularly toilet papers in the West. Moreover in Pakistan, people visiting supermarkets and emptying shelves of everyday items has become a usual sight in the big cities.
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