More Good News: Prepping Now Mainstream By John Steele

     With economic chaos just around the corner, it is good news that people, perhaps in acts of intuitive genius, have embraced prepping. They have graduated from the sheer fear of panic buying, mainly of toilet paper, the fear of having an unwiped behind, to thinking profoundly about what first needs to go in the other end, to keep the system going, so to speak:

“After weeks of empty physical and digital shelves, the panic-buying phase of the coronavirus pandemic appears to be over. Instead, U.S. consumers have shifted to a more measured practice of stocking up on the products they need as their longtime habits remain disrupted. In an interview in late April, Kate Muhl, an analyst specializing in cultural and consumer insights at Gartner, said her research showed product shortages continued to be one of consumers’ primary concerns—with household items such as paper goods and cleaning supplies topping the list. Not much has changed since then. And, according to data from the National Retail Federation (NRF), half of consumers said they were still stocking up on food and household supplies to last a few weeks, while 31% said they were stocking up on medical supplies. Another 33% were worried about not being able to get fresh produce and cleaning products. But unlike panic buying, which experts say reflects a lack of control consumers seek to overcome by fortifying their homes, this new purchase phase is more about changing needs—and centered on availability. For one thing, consumers are, well, consuming more products at home because they’re spending more time there, which means they need to buy more than they did previously. “Panic buying has stopped, but there is an elevated in-home consumption demand,” said K.K. Davey, president of strategic analytics at market research company IRI Worldwide. “The CPG demand curve is reshaping … rapidly in response to Covid-19 and related effects.”

That includes more frozen food, alcohol, laundry detergent and household appliances, but fewer beauty products, for example.

Bigger baskets
Davey said consumers have responded to the pandemic by shopping more on weekday mornings, when stores are cleaner and hopefully less crowded. But they’re also cutting down on trips by buying more at a single time. That also contributes to “stocking up.” According to Muhl, American consumers made 1.6 grocery trips per week in 2019, but are now trying to shop once every two weeks if they can, which she called a “massive mind shift.” In addition, Davey said consumers are going to a single store rather than the two or three they used to visit each week, and that one retailer now sees a bigger basket as a result. “The beneficiary is grocery,” he said.  Consumers are not only buying food and beverages there, but also nonedibles like beauty and other stuff they didn’t buy as much in grocery, which makes sense—if they’re there, they might as well pick it up rather than go to a drugstore.”

Shopping like the Pioneer Woman
And because consumers haven’t necessarily been able to rely on old standbys to fulfill shopping needs, experts say retailers and consumers alike are getting creative—and, in some cases, consumers are ending up with larger quantities than ever. That includes mass merchants offering industrial-sized goods such as toilet paper and hand soap that would normally be sold to offices, as well as restaurant supply companies looking to offload perishables in bulk quantities. “People are getting super creative and flexible about the ways they shop,” Muhl said. “It’s not just a survival tactic; it helps you feel like you’re in control.”

     I have been writing at this site for some time, offering a different perspective from the economic writers who seek to reform the system. I am a Plan B, or is it now Plan Z man, seeing the end of the West as Spengler and others predicted, but not the individual, who through association with family, tribe and race, can rebuild after the collapse, hopefully not repeating the same mistakes. Just consider the Covid-19 panicdemonic, with all its conspiratorial intrigue, collapse on training wheels.



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, 16 July 2024

Captcha Image