I'm looking at food products and wondering why the prices got higher.
Well, it's all because of supply and demand.
Really? Can you tell me more?
This results to lower supply, since companies aren't allowed to operate at full-capacity to lessen the spread of COVID-19. As a result, people result to hoarding, which is higher demand.
Well, because of the current pandemic, the lockdown restrains people from going out. So, most workspaces are short-staffed.
Oh. But if people keep hoarding even with the lower supply, I bet it'll cause problems with the employees' working conditions, and the environment.
So. how can we as consumers be responsible with the products and services they demand?
Well, people can be responsible by consuming only what they need and knowing the supply chain of the companies so we know when those products will be available again.
I'll definitely keep that in mind but how will I know the supply chain of the product?
There are many grocery shops around the world with a phone number in which you can ask if the products or products are available and they'll let you know,