Josh Sigurdson reports on the latest news of panic buying throughout the world as stores lose stock of multiple items including soda drinks, canned food, pasta and rice.
In places like Hong Kong, we’re seeing a second wave of panic buying whereas places like Australia are starting to already die down.
But there’s more to the story than meets the eye.
As we see a second wave of lockdowns in many places throughout the world, the fear is leading to many people panic buying goods. One would certainly think the supply chain would learn from the previous catastrophe, but it hasn’t. Or perhaps, they’re utilizing fear to mark up prices and make more money which is the most logical explanation considering Mexico had little to no actual panic buying despite goods and services internationally being more difficult to come upon.
We will continue to cover this story. Stay tuned for more from WAM!