The Boom and Bust of Medical Supplies During the COVID-19 Pandemic

Tung Nhu Nguyen ()
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Tung Nhu Nguyen: International University – Vietnam National University

A chapter in Supply Chain Risk Mitigation, 2022, pp 121-140 from Springer

Abstract: Abstract Hoarding and phantom orders reflect negative buying behavior in times of crisis, such as after a natural disaster. The COVID-19 outbreak, which began in late 2019 and spread worldwide, witnessed a boom in essential products. This chapter aims to analyze the unexpected surge in demand for medical supplies through the lens of behavioral supply chain management. Using the face mask for illustration, this study illustrates its demand and supply during the COVID-19 outbreak. Despite different opinions on the face-mask mandate, their demand has soared during the pandemic in many countries. We review how hoarding behavior influences the stock management model and proposes collaboration among all actors in a supply chain to address the hoarding problem. The chapter contributes to a comprehensive and insightful analysis of strategies to resolve the boom and the bust of medical supplies during the pandemic.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-031-09183-4_6

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DOI: 10.1007/978-3-031-09183-4_6

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