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The Boom and Bust of Medical Supplies During the COVID-19 Pandemic

In: Supply Chain Risk Mitigation

Author

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  • Tung Nhu Nguyen

    (International University – Vietnam National University)

Abstract

Hoarding and phantom orders reflect negative buying behavior in times of crisis, such as after a natural disaster. The COVID-19 outbreak, which began in late 2019 and spread worldwide, witnessed a boom in essential products. This chapter aims to analyze the unexpected surge in demand for medical supplies through the lens of behavioral supply chain management. Using the face mask for illustration, this study illustrates its demand and supply during the COVID-19 outbreak. Despite different opinions on the face-mask mandate, their demand has soared during the pandemic in many countries. We review how hoarding behavior influences the stock management model and proposes collaboration among all actors in a supply chain to address the hoarding problem. The chapter contributes to a comprehensive and insightful analysis of strategies to resolve the boom and the bust of medical supplies during the pandemic.

Suggested Citation

  • Tung Nhu Nguyen, 2022. "The Boom and Bust of Medical Supplies During the COVID-19 Pandemic," International Series in Operations Research & Management Science, in: Yacob Khojasteh & Henry Xu & Saeed Zolfaghari (ed.), Supply Chain Risk Mitigation, pages 121-140, Springer.
    • Handle: RePEc:spr:isochp:978-3-031-09183-4_6
    DOI: 10.1007/978-3-031-09183-4_6
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