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Also, to some degree, in events like these what inventory is needed is not predictable, because humans are unpredictable and irrational at times. Panic buying
by bobthepanda 4y ago
Also, to some degree, in events like these what inventory is needed is not predictable, because humans are unpredictable and irrational at times.
Panic buying of paper towels early on in the pandemic, as an example, was not predictable.
- TeMPOraL 4y ago> Panic buying of paper towels early on in the pandemic, as an example, was not predictable. What? It was entirely predictable, except maybe for those high-end executives who live in hotels and/or with full-time house service, and are thus completely detached from life of ordinary people. The panic buying was limited to the most obvious category of goods: basic consumables with some degree of shelf life, prioritized by survival and then comfort. This means food (particularly canned, shelf-stable, or freezable - plus baby food and pet food - and ingredients, including flour, yeast and baking soda), hygiene (soap, toilet paper!, and - perhaps specific to pandemic - hand sanitizers and masks), fuel, household cleaning (including cleaning agents and, surprise surprise, paper towels), comfort consumables (coffee). It's not hindsight on my part - think of how people individually decided what to buy. They didn't buy whatever they see everyone else buying. They just asked themselves: what do I eat? How do I keep myself and the household clean? What else do I buy on a regular basis? What do I need to maintain a semblance of my current lifestyle? The answers, prioritized, were what everyone then went to stock up on.