People are Panic Buying Again
The recent coronavirus shutdowns are causing a new wave of panic buying
November 23, 2020
Toilet paper, cleaning products and certain food items are being wiped clean in certain areas of the country. The recent coronavirus shutdowns have once again caused wide-spread panic from the public.
Washington, Arizona and New York have reported shortages and empty shelves on items like lysol wipes and toilet paper.
On Friday, Walmart said they are, “seeing pockets of lower than normal availability” for toilet paper and cleaning supplies in some communities.
In California, people are reporting a lack of toilet paper in Fresno, San Diego and Los Angeles. This is amongst recent stay-at-home orders and closures of restaurants and bars in LA county.
As new COVID-19 cases remain at alarming levels and the number of people hospitalized continue to increase, the LA County Health Officer Order will be modified to restrict dining at restaurants, breweries, wineries and bars, effective Wednesday, November 25 at 10:00 p.m. pic.twitter.com/SQo08dF63A
— Los Angeles County (@CountyofLA) November 22, 2020
One twitter account, reporting on the city of West Covina, posted about shortages even closer to home.
Wal-Mart Baldwin Park and City of Industry TP & paper towel sections are completely gone this morning. This behavior for TP causes increased panic. There will be enough toilet paper for everyone, please relax.
— westcovina626sgv (@626westcovina) November 19, 2020
According to an article by Bloomberg, the e-commerce tracking platform, the demand for non-perishable items such as paper goods, canned goods, spices, broths and canned vegetables jumped 60-70% over the past three weeks.
Experts say that there is no reason to start buying in massive bulk again as shutdowns have not reached what they were in March. Many companies claim that they have prepared for a second wave of increased demand for months and that buying in excess only leads to more shortages.