Tag: MO-BI

Mo-Bi, The Solution To The Global Toilet Paper Shortage And Panic-Buying Phenomenon
Business, Business News, Press Release

Mo-Bi, The Solution To The Global Toilet Paper Shortage And Panic-Buying Phenomenon

September 17: The 2020 COVID-19 emergency triggered a lot of irrational reactions worldwide that ultimately led to the disruption of several economies, especially insofar as commodities are concerned.In particular, the years 2020 and 2021 saw the spread of the panic-buying phenomenon, fueled by images that went viral on Social Media showing empty store shelves and the crowd rushing in to ransack supermarkets and convenience stores in the attempt to create a personal stockpile at home. Toilet paper was one of the most sought-after commodities. According to the sector studies of IRI, a Chicago-based research firm, the demand for paper grew in March 2020, with $1.45 billion in toilet paper sales in 4 weeks time frame, up to 112% more than the same period of 2019.In the summer of the sam...