Post-disaster consumption: analysis from the 2011 Christchurch earthquake

Forbes, Sharon L.

doi:10.1080/09593969.2016.1247010

Cited by 56 publications

(66 citation statements)

References 27 publications

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“…Expanding from the discussion of Section 3.2, a stream of literature suggests that stressors such as fear of the unknown trigger coping behaviour [2,32]. In this regard, panic buying can be viewed as an outlet to regain control over the situation, which compensates for the psychological losses experienced by individuals [26].…”

Section: Coping Behaviourmentioning

confidence: 99%

“…Recently, panic buying was witnessed globally following the COVID-19 pandemic, and such behaviour was also observed and reported in past major disasters or health crises such as the 2011 Christchurch earthquake and 2016 Hurricane Mathew [2]. Panic buying is a socially undesirable, herd behaviour [3] where large quantities of daily necessities and medical supplies are purchased from markets, which often results in stockout situations.…”

Section: Introductionmentioning

confidence: 99%

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The Psychological Causes of Panic Buying Following a Health Crisis

Yuen

Wang

et al. 2020

IJERPH

422

498

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Attributed to the recent COVID-19 pandemic, panic buying is now a frequent occurrence in many countries, leading to stockouts and supply chain disruptions. Consequently, it has received much attention from academics and the retail industry. The aim of this study is to review, identify, and synthesise the psychological causes of panic buying, which is a relatively new and unexplored area in consumer behaviour research. A systematic review of the related literature is conducted. The review suggests that panic buying is influenced by (1) individuals’ perception of the threat of the health crisis and scarcity of products; (2) fear of the unknown, which is caused by negative emotions and uncertainty; (3) coping behaviour, which views panic buying as a venue to relieve anxiety and regain control over the crisis; and (4) social psychological factors, which account for the influence of the social network of an individual. This study contributes to the literature by consolidating the scarce and scattered research on the causes of panic buying, drawing greater theoretical insights into each cause and also offers some implications for health professionals, policy makers, and retailers on implementing appropriate policies and strategies to manage panic buying. Recommendations for future research are also provided.

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Section: Coping Behaviourmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Psychological Causes of Panic Buying Following a Health Crisis

Yuen

Wang

et al. 2020

IJERPH

422

498

View full text Add to dashboard Cite

show abstract

“…On the contrary, segment 1 modified its behaviour the least, except for beer and snacks, meaning it could be the segment that, while experiencing the least amount of alarm, needed to take its socialisation habits home the most. On the other hand, beer and snacks are products that can be considered "prize products", whose purchase increases as a result of a disaster [32]. Further noteworthy, is the drop in the purchase of olive oil in the first week of the lockdown, which could be due to it being a product with a high caloric value and consumers trying to decrease its intake [43].…”

Section: Discussionmentioning

confidence: 99%

“…The recent cases of panic buying were not a novelty. There are previous pandemics or natural disasters such as earthquakes or hurricanes, that have prompted waves of panic buying [29][30][31][32].…”

Section: Panic Buyingmentioning

confidence: 99%

Innovation Strategies of the Spanish Agri-Food Sector in Response to the Black Swan COVID-19 Pandemic

Brugarolas

Martínez

Rabadán

et al. 2020

Foods

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Health, financial, and social crises cause variations in the buying behaviour of food consumers as well as in the value they assign to food attributes and the place of purchase, leading to consumers with profiles that are more susceptible to these changes than others. Thus, it was observed that 61.4% of consumers modified their buying behaviour at the onset of the COVID-19 pandemic, with those who modified it the most being the people who stockpiled the most food and went panic buying more often. This has made it possible to establish the profile of different significant consumer segments, and as a response, food production/distribution companies can implement different innovative strategies aimed at decreasing the impact of stockpiling and, therefore, the shortage of food. The possible strategies that companies can put into effect are creating a stock of non-perishable foods, increasing production capabilities in a sustainable way and, especially in light of the results obtained, boost the online sale and distribution of foods, with the goal of decreasing the amount of people in shops (which decreases the spreading of the pandemic and favours health) and preventing consumers from observing possible circumstantial shortages that would only encourage stockpiling and panic buying, even among consumers who have not changed their buying behaviour.

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“…Kurihara and Maruyama [2] had attempted to investigate the causes and factors of consumer behavior from an analysis of a survey conducted after the Great East Japan Earthquake and found that unpreparedness of disaster and excessive media coverage had caused excessive buying of essential goods. Forbes [3] conducted a study to understand the post-disaster consumption trends after the Christ Church earthquake from scanner data of purchases and found consumers purchase increased levels of utilitarian products necessary for survival. Liren et al [4] have put forward the evolution mechanism and development tendency of panic purchase and suggested that the government involvement con-trols panic purchase.…”

Section: Introductionmentioning

confidence: 99%

Development of an agent-based model for the analysis of the effect of consumer panic buying on supply chain disruption due to a disaster

Dulam

Furuta

Kanno

2020

JASSE

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The present paper is an effort to introduce the modeling architecture of analyzing the response of a supply chain of bottled water due to consumer panic buying triggered by a large-scale natural disaster. An agent-based system is used to model a simplistic consumer purchase model and a supply chain model. Disaster prompts panic buying among the consumers, which disturbs the supply chain. The strategies used to control the excess demand such as limiting sales per person is considered to understand the effect on the supply chain. A preliminary study of the response of the supply chain due to the disaster and its consequences are presented in this paper.

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Post-disaster consumption: analysis from the 2011 Christchurch earthquake

Cited by 56 publications

References 27 publications

The Psychological Causes of Panic Buying Following a Health Crisis

The Psychological Causes of Panic Buying Following a Health Crisis

Innovation Strategies of the Spanish Agri-Food Sector in Response to the Black Swan COVID-19 Pandemic

Development of an agent-based model for the analysis of the effect of consumer panic buying on supply chain disruption due to a disaster

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