Answer:
Panic buying is one of the top headlines of the COVID-19 (coronavirus) pandemic. This international phenomenon threatens health systems’ ability to prevent and treat the coronavirus with shortages of hand sanitizers, masks, and pain relievers. Panic buying of potential treatments may also deplete medicines for patients with chronic diseases – chloroquine and hydroxychloroquine remain unproven for COVID-19, but are vital medicines for autoimmune conditions such as lupus.
While the pandemic has drastically altered our routines, it has also created a renewed sense of community. The connectedness began as people voiced their concerns with panic buying and its impact on vulnerable populations due to underlying socioeconomic inequalities.
1. Payment terms with high financial risks, such as 50% upfront payments, with balances due once the merchandise leaves the warehouse.
2. Delivery delays, due to practices such as filling orders out of sequence and moving the highest-paying customers to the front of the line.
3. Excessive mark-ups, with distributors accused of stockpiling goods to create perceived shortages and selling later at inflated prices.
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