Production bottlenecks could cause some bare shelves at brick-and-mortar retailers within 60 to 90 days, retail analysts warn.
Coronavirus has the potential to become a global pandemic, temporarily emptying retail store shelves in the coming months and depressing some consumer-facing businesses, experts say, with government officials advising families to take measured steps to stock up on certain essentials.
Panicked hoarding could create shortages of otherwise sustainable supplies in a self-fulfilling"run on the bank" scenario. In one Italian town, videos showed panicked shoppers trading blows and stripping shelves of pasta and other staples. IMAX has reduced operations by one-third because of a closing of screens in China, MarketWatch reported.
Thanks to companies' stocking up to get ahead of potential tariffs and the Chinese New Year, inventories are in good shape, Wells Fargo analyst Edward Kelly wrote in a note, with spring and early summer product already having been shipped.
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