Australia’s food and pharmaceutical supply chain
Empty shelves in Australia’s supermarkets and pharmacies have resulted from people ‘panic buying’. It started with toilet paper and then spread to many other products. ‘It’s like three Christmases in a row’.
Nightlife on ABC Radio dealt with the supply problems in their program on 25 March.
Of particular interest to us as teachers of Economics and/or Economics and Business are the parts about:
· the psychology of panic buying (from the 6:10 min mark)
· increased prices for some products (from the 24:20 min mark).