Adopting supply chain strategies to address panic buying behaviour
Document Type
Journal Article
Publication Title
Journal of Supply Chain Management, Logistics and Procurement
Publisher
Henry Stewart Publications
School
School of Business and Law
RAS ID
62446
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.
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Comments
Macau, F., & Bonomi Santos, J. (2022). Adopting supply chain strategies to address panic buying behaviour. Journal of Supply Chain Management, Logistics and Procurement, 5(1), 84-93. https://www.henrystewartpublications.com/jscm/v5