Toilet paper, canned food: What explains coronavirus panic buying
Al JazeeraAs the epidemic spreads across the globe, people have been seen rushing to supermarkets to buy ‘essentials’ in bulk. “Panic buying and hoarding of supplies is obviously not desirable, but it’s understandable, particularly when people see images of cities, regions and even whole countries in lockdown,” Michael Baker, professor of public health at the University of Otago in Wellington, New Zealand, told Al Jazeera. “The difference this time is that people now see COVID-19 as a real threat, one that will last for months, and they may not have confidence in the authorities to contain it.” Insufficient information on the new coronavirus is also playing a factor in people’s response, while current measures taken by the authorities do not seem to have reassured the masses. You tell yourself that at some point I’ll have to use it, so I might as well get loads of it, especially as the duration is uncertain.” While panic buying may give consumers a sense of control and help them manage anxiety, experts said it could also disrupt the supply chain. “WHO calling it one now makes no difference.” Baker said the WHO’s January 30 announcement, declaring coronavirus PHEIC essentially meant it was a global health emergency.