For those of you affected by the business shutdowns, I note The Welshman may have to lay off 80 folks at this rate, what do you think will happen down the road?
We're not visiting my parents because of that. Phone calls and video calls. Like you, I'm not worried about the virus, I'm worried about the world turning into Lord of the Flies.While I don’t worry about getting sick from this, I worry about people such as my father who is 91. He and others like him probably wouldn’t survive this illness. Yeah, I get it, we all have to die sometime right? I guess I just don’t want to be the one who delivers the virus to someone it ends up killing. Ride it out. Be considerate of others.
Me too, my concern for the supply chain is the backlash it will experience from all of this panic buying/hording. After this crisis subsides, people will not be buying anymore of what they've already stockpiled to excess.I'm don't think anyone really knows how deep the economic wreckage will be. When Trump mentioned this could go through August that really spooked Wall Street. Spooked me too. Never seen anything like this. Who knows how bad supply chains will be broken. As known cases of corona increase with testing it seems like it will only deepen the panic and result in further shutdown. I'm far more concerned with the destruction of economies than I am of corona.
In term of paper products supply, this is my assessment as well.I think it’s a relatively small number doing the panic buying. It doesn’t take much to choke our “just in time” supply method. If only 10-20% of consumers panic buy and hoard, that’s probably enough to throw a monkey wrench in the works. The rest of us will keep it going when the panic subsides.