I have a relative working in route sales for a consumable snack in a large city. Normal delivery to his Big Box Stores is in the range of $4K per delivery. The store customers are consuming $8K to $10K of it now!!! I advised him to maintain his budget and bank the rest.
PS: this snack is something that, like toilet paper, is NOT made in China or under threat of supply chain disruption. Pure panic is driving his additional sales. The fast-moving, nervous customers with bug eyes looking like a deer in the headlights scampering around stores....
“I advised him to maintain his budget and bank the rest.”
Best advice ever.
The panic will blow over and he will have a nice wad of cash to show for it.
“The fast-moving, nervous customers with bug eyes looking like a deer in the headlights scampering around stores....”
The stores are full of them. Some clearly buying just to be buying.
I went to our smallish local Kroger this morning and people were standing in line a half hour before the store opened.
One man rushed to the paper aisle and grabbed 3 super mega packages of toilet paper and 3 super mega pkgs of paper towels. Insane.
Saw my great uncle there.
He was born in 1927 and remembers the depression and WW2. He said he’s never seen this level of hoarding and stupidity in his life.