Adopting supply chain strategies to address panicbuying behaviour

Flavio Macau and Juliana Bonomi Santos
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Flavio Macau: School of Business and Law, Australia
Juliana Bonomi Santos: FGV EAESP, 2029 Nove de Julho Avenue, Sao Paulo, Brazil

Journal of Supply Chain Management, Logistics and Procurement, 2022, vol. 5, issue 1, 84-93

Abstract: This paper provides an overview of supply chain strategies to address panic-buying behaviour. It identifies triggers and lists products typically involved in panic buying. The impact on supply chains is discussed, along with roles played by each main stakeholder, as well as mitigating strategies that can help counter the situation. While no stand-alone strategy is sufficient to fully address the problem, several actions can be initiated by governments, businesses and customers. If properly coordinated there is a window of opportunity where the main effects of panic buying can be mitigated. The practical implication of this paper is to present a framework to discuss the problem, while offering a simplified roadmap with steps to mitigate panic-buying occurrences.

Keywords: panic buying; supply chain disruption; supply chain resilience; supply chain shortages; supply chain strategy (search for similar items in EconPapers)
JEL-codes: L23 M11 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jscm00:y:2022:v:5:i:1:p:84-93

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