Hoarding Due to Labor Strikes

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SUMMARY

The forum discussion centers on the phenomenon of hoarding essential items, particularly toilet paper, in response to perceived shortages due to labor strikes. Participants report widespread panic buying across various states, including California and Virginia, with stores like Costco experiencing significant shortages. The conversation highlights the psychological aspects of hoarding behavior, emphasizing that the shortages are driven more by fear than actual supply chain issues. Additionally, the discussion touches on the historical context of labor strikes and their impact on consumer behavior.

PREREQUISITES
  • Understanding of consumer psychology and panic buying behavior
  • Familiarity with supply chain dynamics during labor strikes
  • Knowledge of essential goods and their market demand
  • Awareness of historical instances of hoarding during crises
NEXT STEPS
  • Research the psychological triggers of panic buying and hoarding behavior
  • Examine case studies of past labor strikes and their economic impacts
  • Explore strategies for effective inventory management during crises
  • Investigate the role of media in shaping consumer perceptions of shortages
USEFUL FOR

This discussion is beneficial for psychologists, economists, supply chain managers, and anyone interested in understanding consumer behavior during crises. It also serves as a resource for retailers and policymakers aiming to mitigate the effects of panic buying.

  • #31
kyphysics said:
I use it daily and run out every 2 days per roll.
That is good to know. You can stock enough of an item to last a predetermined time if you have worries or expect shortages. I get 6 or 7 days from large roll.
 
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  • #32
DDTJRAC said:
That is good to know. You can stock enough of an item to last a predetermined time if you have worries or expect shortages. I get 6 or 7 days from large roll.
Thanks for the bump! I counted the number of rolls I had back when this thread was rolling and I had 13 on stock: 1 old and 12 new purchased just a couple of days before the strike. Today I have 7, meaning it takes me 6¼ days to consume a roll.

Although I've dated my paper towel tubes and discovered that my last roll of paper towels took me ≈3 years to consume, I don't recall doing this for TP tubes.
 

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