Reference no: EM133529860

Question

Panic buying is a phenomenon in times of crisis, like a worldwide pandemic. During COVID-19, the struggle to find items like toilet paper, hand sanitizer, and disinfecting wipes, along with food items like flour, sugar, yeast, pasta, rice, and eggs, was real. And the impact of panic buying on the global supply chain was devastating. Investigate the panic-buying phenomenon with a focus on its effects on the supply chain. What can be done to prevent a global crisis from negatively affecting supply chain in future? Outline your conclusions and recommendations for retailers and/or supply chain managers.