Friday, April 3, 2020

Covid19 : Is panic buying good or bad?

Panic buying is always painted in bad light. I am also exponent of panic buying. But I always look things from many angles.

Let's talk about bad side:
1. Create artificial shortage causing other people unable to buy it. Example is egg hoarding causing other people unable to buy.
2. Wastage due to expiry if hoard too much fresh produce

How about the good side:
1. Reduce frequency of travel which indirectly reduce covid19 transmission

So there's not everything black and white.

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