A supply chain management expert appeared on Thursday night’s edition of “Tucker Carlson Tonight” to explain why toilet paper shortages aren’t exactly what Americans should be looking for long-term in the wake of the coronavirus epidemic.
Daniel Stanton, the author of “Supply Chain Management for Dummies,” broke down the basics about supply chains and how they can be disrupted by events like corona-virus before explaining that “demand shocks” are what many Americans are currently experiencing with shortages of items like toilet paper, masks and hand sanitizer.
“People buying a lot more of some things than what they would normally consume and buying less of some other things, and what that does is creates what we call a bullwhip effect that gets amplified upstream in the supply chain and causes all kinds of chaos,” Stanton explained.
Stanton described these shortages as a “temporary problem” caused by “panic buying,” a situation that will be more than rectified when supplies are replenished. Other items, however, will need to be manufactured on a greater scale.