Stockpiling panics can be triggered by the smallest of market shocks. Maybe a news report causes it, an unexpected price change, or word of mouth, but once the panic sets in chaos ensues. Each country has seen its own stockpiling panic, like raw materials, power, food and water. But the following countries have been a little more creative with their stockpiling choices.
Japan – Toilet paper
Japan’s bureaucrats don’t want the nation to be caught with its pants down the next time toilet paper supplies run short after a natural disaster.
That’s why the government is rolling out its latest public-awareness campaign, entitled “Let’s Stockpile Toilet Paper,” which involves an exhibition on the topic at the trade ministry, a summit of industry leaders and the sale of specially packaged “emergency use” toilet tissue.
USA – Sick Days
Due to loopholes in the employee benefit package, government employees of the USA are eligible for 2,164 sick days that they are eligible to draw from according to figures requested from the auditor’s office.
China – Cabbage
In Beijing especially, there are the piles of cabbage that accrue in communal courtyards, high-rise hallways and window ledges across the city. This has been common practice since the 1960’s industrialization to get people through harsh winters that may hinder food production.
Singapore – Sand
Some countries have strategic oil reserves; others stockpile rice or wheat. The island nation of Singapore has emergency reserves of imported sand. The government is now being forced to tap its sand hoard after its usual supplier, Indonesia, abruptly banned exports in February in a string of disputes between the two countries.
Currently, Raw material surcharges are spurring stockpiling of stainless steel and nickel across the globe. Finland’s Outokumpu OYJ (OUT1V), Germany’s ThyssenKrupp AG and Aperam SA (APAM) in Luxembourg all reporting boosts in deliveries.
So, why not beat the stockpiling surge and invest in nickel and stainless steel today? Shanghai Metal Corporation manufactures an array of value-added Metal Products, Building Systems, Shipping Containers, and Machinery. We are committed to delivering quality to businesses as an integrated global manufacturer, exporter, and supplier with offices and subsidiaries located throughout Asia, Europe, and the Americas. To find out more, please visit our website, LinkedIn, Twitter, Facebook and Instagram. Or you could try our new mobile app by scanning our QR code.
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Sources: Bloomberg, NY Times
Siobhan R.// SMC Editor