gavinhanly
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I think to put it in some perspective, what looks like panic or 'inconsiderate' buying to some is just cautious buying to others.
There a 5 in my house including 3 young boys who, even though quite young, can and do eat a reasonable amount of food. Basics like milk and bread - I'll easily go through 20 litres and 2-3 loaves in a week. And that's with 2 of them getting meals in school / nursery. Half-term / Summer holidays / Weekends, consumption goes up significantly with everyone at home.
So if families are expecting a full-lock down for several weeks / months, then it's only reasonable that they're going to be buying stuff up.
Once this inital 'panic' is over, I would expect things to settle down considerably. Once schools are shut and my family are in lock down, I don't intend to go out much for food and only restock bread / milk / eggs every now and then.
One thing that might have an impact - although this will be slow - is that there will be a shift in resources away from restaurants/cafes/hotels to the home shopping crowd. For instance there's a (very high end - but it's just an example) grocer in London that until now has only dealt with trade, but is opening up to the public. That will open up more supplies, eventually.