Around the world, people have been wondering what the hell has been going on with different products and their availability online and in stores. This is a rather simple issue yet people can’t comprehend it. I am here to explain it simply and help all of you out with this concept and event.
Throughout the years that have gone by since I have been in High School, I have always been interested in the world of business and economics as a whole. And by just looking at these scenarios and really digging deeper into the date and what is happening around the world, I was able to find one.
The first main explanation for this shortage is the fact that people are stuck inside and there is an extreme pandemic going around. This means that the supply of products by companies is extremely low especially because many of the producers of products work and originate from the place of origin of the virus.
Secondly, the time has just passed where there was Black Friday, Cyber Monday, Birthdays, Christmas, and even The Three Wise Men in some places. This makes people buy more and more things and without much supply incoming from the production areas, there is very little to restock.
Overall, this pandemic has made us more and more connected with the online world and it is more likely that more and more people are buying things now because of the ease of use of online shopping. This pandemic has driven restock and supply to a halt and it will be very difficult for anything to be back in major quantities until the entire pandemic is over.