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Wired

How Brexit prepared supermarkets for our coronavirus stockpiling

How Brexit prepared supermarkets for our coronavirus stockpiling

As global panic-buying of essentials like toilet paper, tinned goods and pasta continues, the only hope for supermarkets is for us all to calm down

  • March 13, 2020
  • min read

Wired

How Brexit prepared supermarkets for our coronavirus stockpiling

Essentials are flying off the shelves. So far, there have been no serious shortages. But experts believe that this is only a matter of time – and that if demand continues like this, we may be a couple of weeks away from supermarkets and manufacturers running out of reserve stock.

“This has become a major issue for businesses,” says Marc-André Kamel, head of the global retail practice and partner at Bain & Company.

He is advising businesses to “put operations in crisis mode – that means stores too” and start calculating how to survive financially to avoid repeating the chaos that already hit China. They need to save cash to adapt to the new financial reality,” he explains.

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