Here We Go Again

Here We Go Again

Americans are concerned about going into lockdown again and are considering stockpiling food. In a recent poll from Sports and Leisure Research Group slightly more than half of respondents said they already have or plan to stockpile food and other essentials. Their top reason for doing so: fears of a resurgent pandemic, which could lead to disruptions such as new restrictions on businesses, which we’re already seeing. Also, a small share of those who are stockpiling say they’re worried about unrest surrounding the election in November. Already, there’s some evidence that grocery sales are rising. Industry sources say the typical bill for a trip to the grocery store rose to $72 for the week ending October 6th, or was 11 percent higher from the week prior. The good news is shoppers are not likely to see the types of shortages experienced in March and April when states enacted stay-at-home orders. The Wall Street journal reports that grocery chains are stocking up on supplies ahead of the winter months to ensure they can meet demand as COVID-19 cases increase, and so they can meet demand for the holidays.

(Yahoo)

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