Will Demand for Certain Products increase after People Return to Work in Person?
Many workers had been laid off during Covid and the economic struggles that ensued during the pandemic were very evident. With large scale vaccinations in the United States and the eventual return of workers to in person work (and to the work force in general), will certain supply chains experience significant stress and demand? When people return to work in person, will demand for certain products increase, stressing the supply chain further?
Food, Entertainment, and Vacations – Spike then Recover
This article from the WSJ is predicting that pent-up demand for services such as food, entertainment, and travel will spike once everything opens back up to full capacity. I think this is a fair assessment because even now restaurants are dealing with long wait times due to the people that already feel comfortable going out fighting for their seats in a limited capacity arrangements. The same holds true with traveling due to the limited seating on planes it can be more difficult to travel where people want to go. I think this is going to lead people to increase the amount they go out to eat, travel, and explore in-person entertainment options in the months following everything opening back up. However, I do not see this increase demand lasting forever. I believe that people will quickly get used to things being back to “normal” and revert to habits that more closely resemble their pre-pandemic routines.
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