Port strike: Long-term effects of strike and 'panic buying'

ASU professor discusses the limited impact of the brief port strike on supply chains, consumer goods, and national business sales, while highlighting the potential consequences if it had lasted longer.

In this story aired Oct. 6, 2024, on Live Now FOX 4:

In this case, if common sense had prevailed, people would not have gone ahead and started buying stuff they didn't need. There is a big problem with this ... if you start to buy products thinking that you'll store them, that sends a signal down the supply chain that consumers want more. They start to produce more, and as they produce more and start to put products back on the shelf ... suddenly, that product is sitting on the shelf and doesn't sell. It breaks the supply chain.

– Hitendra Chaturvedi, supply chain management professor of practice