As continued panic buying will only perpetuate any fuel shortages, it’s important to think about what can be done to curb it.
We still don’t know whether ecolabels are significantly better for the environment than alternatives.
School banking programs like Dollarmites are being banned in some state schools due to the idea children are vulnerable to marketing tactics. But our research shows this isn’t always the case.
Another local lockdown, another outbreak of shoppers stockpiling. Fortunately supply chains are now prepared.
In October, the Hudson’s Bay Company announced that it would be closing its flagship location in downtown Winnipeg. This closure is reflective of the changing nature of downtown neighbourhoods.
Millennials and Gen Z overwhelmingly support the movement, and consumer brands are well aware of their growing spending power.
Research suggests the coronavirus pandemic’s greatest impact is due to people changing their behaviour voluntarily. So we may be overestimating the costs of government restrictions.
Melbourne’s return to stage 3 restrictions has precipitated another round of grocery stockpiling. But supermarket shelves won’t be empty as long as last time.
What motivates people to panic buy and stockpile goods like toilet paper? The COVID-19 pandemic has given us the chance to find out.
Woolworths’ A$780 millon investment in new automated distribution centres is a sign of how much COVID-19 has changed the way we shop. It points what’s to come in the retail sector.
Retailers must focus on training customer-facing teams to succeed post-coronavirus.
To curb opportunistic shoplifting, supermarkets want you to know you are being watched. But they’re also hoping for self-reflection.
The overwhelming majority of us say we care about animal welfare. But when it comes to shopping, our actions often take a different turn.
Most consumers in South Africa aren’t able to fill up a trolley of groceries for their daily needs, let alone join the panic buying induced by the COVID-19 pandemic.
The good news is supermarket shelves should be back to normal sooner rather than later.
Amid the coronavirus pandemic, people are stockpiling essential supplies. But policy-makers may be able to influence both the supply and demand through public announcements and advisories.
The fear of others panic buying toilet paper drives panic buying. This is not people acting irrationally. It is a case of ‘coordination failure’.
A scholar who studies consumer decision-making explains just what it is in the human mind that makes people susceptible to nudges toward one behavior or another.
Technology has taken the old sales tactic of time-limited offer to a whole new level. But for the tactic to work requires a Goldilocks zone between being too pushy and not all.
There’s a lot of research in consumer behaviour that disputes the notion “more is better”. But it really depends on what type of personality you have.