After Maharashtra’s chief minister Uddhav Thackeray hinted at stricter restrictions owing to the emergence of new coronavirus variants, Mumbaikars have started stocking up their household essentials.
Online platforms have also started stocking up the products anticipating surge in demand, according to a report in The Economic Times.
Mumbai recorded 1,100 covid-19 cases today making the total active cases increased to 8,997.
Stock up by the e-commerce platforms are done in a view of increasing demand. When Maharashtra went under lockdown last year, a similar surge in demand was observed. To meet the supply with the current demand, doubling up of the daily essentials has started by the shopkeepers as well.
The situation of supply disruption during the first lockdown is kept in mind while doubling the stocks.
An Et report stated that during the phase of the first lockdown, it was observed that people stocked around 3 % more than their normal requirement, due to which when the restrictions were eased out, demand went slightly down.
Stockists have become active in Mumbai and are ensuring 2-3% more supply to the local shops. According to the traders, this time Mumbai will not observe any disruptions in supply as was seen during the first lockdown..
Published: February 26, 2021, 14:36 IST
Download Money9 App for the latest updates on Personal Finance.