Course: BUS 104-A050 | Intro to Business | Professor Buckler | Fall 2022

Supply & Demand in Your Life

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    • #13987

      Brielle Buckler
      Participant

      In this unit, we learned the basics of economics, and how supply and demand, scarcity and abundance affect the way goods and services exist in the world. Now, let’s talk about it.

      According to a recent article in Forbes Magazine, “The demand for additional battery life is so large Pokémon GO is already having an impact on the sales of external batteries and phone cases with extra battery capacity.” Popular portable battery makers told Forbes that the sales of certain products have grown significantly, up to double or triple just in Pokémon GO’s first week in the United States. On a less technological front, coffee prices are up by 13 percent due to increased demand, and the supply of Corvettes is not sufficient to meet the current demand. All of these statements come from headlines from the past three months, indicating that the laws of supply and demand impact everything from your phone to your car to MY coffee. This is the basis for our discussion this week!

      Choose an article on a topic (product/good/service) that affects your daily life. Briefly tell us what your article is about. Which aspect of the article’s discussion affects your daily life? What factors do you think are influencing the supply and demand of the product/good/service that is the subject of your article? Include the URL of the Web site where you found the article, so your classmates can access it.

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      In order to receive full credit for this assignment, all components of this assignment are due by 11:59pm ET on Sunday, September 18, 2022. You should first contribute a thoughtful post of your own before viewing/commenting on the posts of others. Students should review others’ submissions and comment meaningfully (refer to this guide from MSSU for reference) to at least two other students. For reference, here is the difference between a comment and a post — you will be using both for this assignment.

      Once you submit your post, you must respond meaningfully to at least two other classmates’ threads. This assignment is worth a total of ten (10) points — 6 possible points for your original post, and up to 2 points for each of the two responses to your classmates’ posts. Please reference our Discussion Rubric for more information.

      • This topic was modified 1 month, 1 week ago by Brielle Buckler. Reason: Republish
      • This topic was modified 1 month, 1 week ago by Brielle Buckler. Reason: Republish
      • This topic was modified 1 month, 1 week ago by Brielle Buckler. Reason: Updated Links
    • #14497

      Saleh Sharhan
      Participant

      The Chosen article will be from the Wall Street Journal wherein the title states, “Where Prices Rose and Fell in August”, and it is concerning the latest CPI report (i.e., August): https://www.wsj.com/articles/where-prices-rose-and-fell-in-august-11663083411

      The reason one might choose this article is that inflation is a contemporary concern among the American public wherein since the summer of 2021, CPI reports published by the U.S Bureau of Labor Statistics have been creeping up on a monthly basis. This of course is concerning because as inflation numbers pick up, the American public has to bear the greater costs to live. Thus, a lesser standard of living.

      Furthermore, what one would like to highlight in this article is the increased cost of housing and food. These two components are a big factor in one’s budget because they are essentials rather than leisure whereby every American has to have these two at an affordable price. For rent, it is a service or good that one needs as shelter, whereas food is a good people consume.

      Regarding housing, rents have been rising thus far because of increased interest rates by the U.S central bank (the Federal Reserve). The correlation between the rise of interest rights and rent might be hard to argue however, let’s give it a try. When mortgage rates rise, the cost to pay interest on the principal of a house increases because one would’ve to pay greater interest rates. Subsequent to the rise of interest rates, potential homebuyers would either postpone the purchase or rent (causing demand-pull inflation). Thus, causing an increase in rent prices or buying a house at unaffordable interest rates relative to the price of the house. For instance, assume a 500,000 dollars house was bought last year at a 3.5%, 30-year fixed mortgage. The payments on such a house would be around $2,200 a month. Now let’s assume the same house was bought with the current average of 6%, 30-year fixed mortgage, the monthly payment will skyrocket to $3,000 a month. Very interesting article to read on the WSJ regarding rents and mortgage payment increases https://www.wsj.com/articles/rising-mortgage-rates-complicate-decision-on-buying-versus-renting-11662065322

      Moreover, with regards to food, costs have been rising modestly in the last year and a half but since the Russian invasion of Ukraine, rising fuel costs combined with distribution to the grain industry in Ukraine, have added to the flame of rising food prices. As a result, because of the rising demand for food and shortages have increased, the equilibrium between supply and demand is not stable. According to this unit’s reading, supply with ceteris paribus probably would’ve been the had the Ukrainian war did not occur, thus the same prices or relatively higher. However, according to the reading in the supply section, other factors of production may include environmental conditions or in this case, a war-affected production output by rising energy costs, devastation to farmland, and eventually causing a spike in food prices.

      Cheers,

      Saleh

    • #14502

      Hailey-Marie Nieves
      Participant

      The article selected is “Covid-19 Wiped Out Disinfectants” by Jessica Guynn from USAtoday. This report addresses the disinfectant shortages specifically from the brands known as Reckitt and Protector and Gamble (P&G).

      Link: https://www.usatoday.com/story/money/2020/04/09/coronavirus-clorox-lysol-shortages-walmart-costco-publix-winco-lowes/2961818001/

      During the Corona Virus pandemic, there were shortages of numerous items, and after the entire country practically being told to quarantine, people started to panic buy. Panic buying is a reactive instinct to protect oneself and family in spans of hardship, which leads to the supply and demand of a company being incapable of their customer’s needs. People started to buy items in large amounts such as toilet paper, disinfecting products, hand sanitizer, canned goods, and more. In the Article from USAtoday, the article speaks of shortages of two specific disinfecting products, known as Clorox wipes and Lysol spray. Nationally, people started panic buying both these goods, and as a result, customers were restricted to the quantities they could purchase, prices also increased for these products that were heavily in demand and low in supply. This is known as scarcity, which exists when there isn’t a sufficient quantity of something, whether it is a good, service, or resource. With society having unlimited wants and limited resources choices are made, as in this situation, some people had to question if they needed the disinfecting products or food. Having to make the decision between the two is known as an opportunity cost defined as something given up to obtain a desire.

      In my family, we buy both of these disinfectant goods that were always in supply in my household and there were always at least 2 or 3 in supply. We would also buy them wholesale, so there would be 3 to 5 of the products in one pack.  The Clorox wipes are used on almost any of our surfaces, such as counters tops, deep freezers, walls, etc. The Lysol spray is typically used to disinfect our couches, hallways, and rooms especially after having people over. However, during the pandemic, there was no more wholesale purchasing and you had to purchase one item for a ridiculous price. We experienced the scarcity of these goods because of the high demand of other customers and the increase in expenses. However, scarcity is known to be everywhere since there is a finite amount of resources, during times like the pandemic is when it starts to become a problem.

      • #14533

        Saleh Sharhan
        Participant

        That is a very insightful post, Hailey. When reading this article, brought so many memories. Who would’ve thought such basic essentials would be in shortage overnight? Indeed, we went through tough times, and unfortunately, some people did not make it.

        Moreover, the core concept of the article is that the equilibrium between supply and demand was disrupted wherein the demand for disinfectants surpassed supply due to Covid-19. One might call such disruption in demand either demand-pull inflation as a result of rising aggregate demand relative to supply, or other factors, which might be a spike in demand and lower supply because people were sheltered and could not manufacture said products at a faster pace.

        One will also want to note that reading such articles brings about a lot of nostalgia. For instance, the article mentioned that schools will be back in the fall of 2020 and the lockdowns will not go on for a long time. Now, with hindsight, we know that is not true and one will prefer not to be cynical, but the measures to curb infections, as we know now, lasted for two years. Hence, one might call this article a little optimistic.

        Cheers,

        Saleh

         

      • #14556

        Tyrena Moore
        Participant

        Covid-19 forced many disruptions

         

      • #14570

        Fatima ALGABYALI
        Participant

        Many people have suffered because of the epidemic. A lot of things have changed, including the prices of products. Despite the high prices, it did not affect some people in limiting their purchases.

         

    • #14523

      xue,wang
      Participant

      The article selected is “Five Ways to Help Lower Gas Prices” by David Crane,MediaNews Group link: https://c3newsmag.com/how-to-lower-gas-prices-us/?gclid=Cj0KCQjwvZCZBhCiARIsAPXbajvtk8Uinav7mP83Cm1D4k5nf7trHwhusYyQiXXV8LR6Z2UcYPRZyrAaAhH1EALw_wcB

      Inflation is a contemporary concern of the American public,Data released by the US Department of Labor showed that the US consumer price index (CPI) rose 8.5% year-on-year in July this year, lower than market expectations. Although the year-on-year increase was slightly narrowed from 9.1% in June, it was still at a historically high level, indicating that U.S. inflation remains high and the Fed’s continued pressure to curb price increases by raising interest rates.

      In fact, at the stage of the epidemic in China, my aunt suggested investing a small portion of oil stocks, because my aunt said that oil is a relatively safe investment, and then the outbreak in the United States, my family and I were quarantined at home, and we were very scared without a job. , but everyone is isolating or working from home, so there is no demand, causing oil stocks to plummet. Later, when the United States lifted the blockade and began to travel and work normally, the oil recovered a little. I didn’t expect that there was a war in Europe, which caused the price of oil to skyrocket.Now that we are all on track, we don’t need to wear masks to live a normal life and travel, but the oil price is 2.5 per gallon higher than last year, which leads to a lot of extra expenses when going out and driving.Not only the oil price,  the current price of goods and electricity is also ridiculously expensive. For my family, the daily expenses are now 30% higher than before the epidemic.

      • #14537

        Ivanna Balarezo
        Participant

        Considering all the setbacks the economy has faced these last few years. I completely understand your family’s position towards oil. Before COVID, no one thought that a pandemic would happened nor had bad negative economics expectations. So, among others, oil was a safe option to invest in. But now, passed the pandemic phase, which decreased the demand for oil tremendously, we were faced with the Ukrainian war and the oil prices have rising all over the world so investing in it could be risky at the moment.

      • #14540

        Shaila Quinapanta
        Participant

        The COVID-19 epidemic surely affected the economy. Nowadays, an investment in the oil industry can be unpredictable due to like you said, a pandemic happening and now the Russia and Ukraine war drastically affecting the oil industry. Undoubtably, before the covid outbreak many people can agree that investing in oil was a great idea. So, I understand your family investing in oil because who would’ve thought in the future there would be a virus that would affect our economy and change our lives severely.

      • #14560

        Hailey-Marie Nieves
        Participant

        I really like how you included what was going on in China during the pandemic, some Americans are only focused on what’s going on in America that they forget the other countries that went through the pandemic as well. I agree that things are beginning to be a bit ridiculously expensive, along with what people make in one day, it does not help in the slightest with bills and other expenses. When you were talking about the oil stocks you guys bought, I totally forgot that the stocks had plummeted during covid. Stocks weren’t really on my mind, it was more of the goods and services, and then seeing businesses close that had my attention.

    • #14525

      Fatima ALGABYALI
      Participant

      The amount, quality, and pricing of a product, as well as its marketing tactics, all affect consumer demand. A product’s price will rise if there is a rise in demand for it. According to a report, retail food costs would rise 8.9% in the first seven months of 2022, faster than they did during the same time periods in 2021 (1.9%) and 2020. (3.1 percent). According to the Bureau of Labor Statistics, a dozen eggs are now $2.94, up from $1.64 in July last year; white bread is now $1.72, up from $1.49; and a chicken breast is now $4.61, up from $3.5. several regions of the world have experienced issues with important crops. Brazil, the biggest supplier of soybeans worldwide, experienced a severe drought in 2021. This year, China’s wheat crop was among the worst ever. Fears over food security, which were heightened during the epidemic, have prompted some nations to stockpile essentials in order to prevent future shortages, thus reducing supply on the international market. After Russia invaded Ukraine in late February, the prospects for food prices significantly deteriorated. According to the U.N. food organization, prices in February and March both reached all-time highs. Nearly a third of the world’s wheat and barley, as well as two-thirds of its exports of cooking-useful sunflower oil, come from Russia and Ukraine. No. 1 in the globe is Ukraine.

      This is related to my mother’s market trip following the Covid 19 outbreak. She came to the realization that many items now cost more money and that certain previous discounts were no longer available. The price of oil has increased, which is the cause of the price increase. The cost of the items must be increased in order to transport them from one area to another for freight and make a profit.

       

       

      “All Food Categories Experienced Higher Inflation through July in 2022 Compared with 2021.”

      https://www.ers.usda.gov/data-products/chart-gallery/gallery/chart-detail/?chartId=104517</span&gt;

      “Why Are Food Prices Going up? Key Questions Answered.”, Thomson Reuters, 13 May 2022,  https://www.reuters.com/business/retail-consumer/why-are-food-prices-going-up-key-questions-answered-2022-05-10/</span>

      Bushard, Brian. “Egg Prices Have Doubled to $2.94 a Dozen–Here’s How Inflation Has Affected Your Favorite Grocery Items.” “Forbes Magazine, 11 Aug. 2022,

      https://www.forbes.com/sites/brianbushard/2022/08/10/egg-prices-have-doubled-to-294-a-dozenheres-how-inflation-has-affected-your-favorite-grocery-items/?sh=5ddf7cf0427f

       

       

       

       

       

      • #14534

        Saleh Sharhan
        Participant

        Very interesting insight Fatima,

        Indeed, food costs are up significantly in the last two years. I cook at home most of the time and grocery costs are way up. Last year, I was able to save around 35% of my income, but this year not so much.

        This topic however shines a light on the reckless monetary policy the Federal Reserve has taken in the last couple of years. Yes, there was a surge in fuel prices and disruption to the supply chain as a result of the war in Ukraine, and yet, it can be argued that the monetary policy of the federal reserve is the culprit.

        Perhaps the actions done by the federal reserve at the beginning of the pandemic (i.e., zero interest rates, Quantitative easing) fueled demand and caused this price-rising spiral as if the fed had overdone the stimulus. Very interesting article to check out on the WSJ: https://www.wsj.com/articles/inflation-economy-federal-reserve-11655134682

         

        Cheers,

        Saleh

         

      • #14536

        Ivanna Balarezo
        Participant

        Hey Fatima, I find surprising the fact that the costs of production are rising at 8.9% compared to the year before. But again, makes sense since after the pandemic many businesses reopen their doors and the demand in the economy was suddenly much bigger than supply. I also read that you mention the increases in prices for basic market baskets products like chicken and eggs, which I also talked about because it’s one of the basic products that I consider in my day to day. And, let’s not forget the Ukrainian war and the effects on the oil supply in many countries, how the price has been rising as well as the price of production.

      • #14545

        Yelyzaveta
        Participant

        Hi Fatima, I enjoyed reading your work. I liked your real life example. You have very well formulated your thoughts, described and explained. The fact that prices are rising is especially noticeable if you buy a large amount of food, then the total amount will be different from the one that was a year ago for the same products.

      • #14552

        Oumou Jalloh
        Participant

        Hi Fatima,

        I find your article very interesting.  Your article highlighting the issue of increased food price which is a major concern in a current time. The supply of food items during the pandemic were highly affected due to the lockdown. This issue has resulted in the food insecurity. The limited supply of food items resulted in the food insecurity across the various parts of the world.

        I liked that you have highlighted the issue of the UK and Ukraine war that raise the demand for the food items. This also raise the price of the food items globally. I also experienced that the increased price of food impacts my monthly expenses.

      • #14576

        Eylul Karaosman
        Participant

        Hi Fatima,

        I find your article very fascinating. You included the numbers and percentages and I find it interesting to see how much the items increased. I like how you included Ukraine and Russia’s war because it also had an impact on the inflation. For example, it affected our gas prices and sunflower-oil.

    • #14530

      Ivanna Balarezo
      Participant

      The article I chose was published by the NY Times and the name is “$15 French Fries and $18 Sandwiches: Inflation Hits New York” written by Nicole Hong. (Link: https://www.nytimes.com/2022/08/08/nyregion/inflation-nyc.html?searchResultPosition=4)

      When I read the title of this article and saw “$15 French Fries” I was dumbfounded and a little confused because if I remember correctly, fries are never more than $4 at McDonald’s. But as I was reading through it, I learned a bit more about why the food prices are rising in New York and what the buyers’ and sellers’ position are at the moment. It has been more than 2 years since the pandemic started but businesses have not fully recovered yet from the secondary effects.

      According to the U.S. Department of Agriculture, the egg prices are projected to increase a 78% this year. And, if you love to have an egg with your meals like me, this is not very good news. The reason why the prices are higher is because one of the production factors has been decreasing since there was a bird flu outbreak that affected millions of chicken flocks in the United States. And we learned from this segment that this affects the Supply.

      Another example that I would like to discuss is the prices at street carts, during the pandemic and right after, businesses closed their doors, schools had virtual classes, doctors’ appointments were difficult to get or were virtual. Let’s say a good spot for a street cart is where people walk by during the day, and since this wasn’t possible during the pandemic, many street cars were not in business. Now that we have vaccines and more places have been opening their doors, the street cars have come back with higher prices than before because the suppliers have more businesses to supply (more demand for supply) meaning an increase in the cost of production for street carts.

      Some people might not really pay attention when buying something if there is an increase of 50 cents, but those 50 cents have meaning in the market, and we should pay attention to what is happening in the economy and how it affects our day to day.

      • #14539

        Shaila Quinapanta
        Participant

        I believe that people should start paying attention to what is happening in the economy as well because many people are oblivious to how it can affect us. Also, I did not know that the reason behind why the egg prices have been increasing was because of a bird flu outbreak. It is truly shocking how an incident can evoke drastic price changes. Many people need to realize that similar issues like this can affect them in the long run because inflation is only rising which will result in them having to pay more than they did before, in this case eggs is very essential for many because it’s food and food is necessary for every human being. Therefore, there will be people that will continue to buy. However, some people will not be able to afford the sudden high prices and that is why we should be paying attention to what is happening in front of our eyes.

      • #14547

        xue,wang
        Participant

        It turns out that the increase in the price of eggs is due to bird flu. I think the current economic situation will continue to maintain inflation, and daily life is nothing more than firewood, rice, oil and salt, so my family buys a lot of rice and is worried about the lack of rice. I hope we can return to normal life as soon as possible.

      • #14553

        Oumou Jalloh
        Participant

        Hi Ivanna,

        I am amazed that you have selected the article which focuses on the inflation’s impact on the price of French fries as well as sandwiches. It is really amazing that you stated that the prices of this junk food at McDonald prior to the price rise. I agree with you that the pandemic impacted the price hike of these food items. The increased price of egg due to the bird flu is new to me. I understand that the supply was interrupted by the bird flu.

      • #14564

        Hailey-Marie Nieves
        Participant

        In that last part, you said, “Some people might not really pay attention when buying something if there is an increase of 50 cents, but those 50 cents have meaning in the market, and we should pay attention to what is happening in the economy and how it affects our day to day.” I really agree on this statement, because I used to think, “oh it’s just 15 cents extra now, that’s nothing”, but it is something, why did it go up by 15 cents. There are many questions to consider when discussing prices increasing, and there is always a reason. Everyone should be wary of increases in price because it could be foreshadowing an uptick in inflation and it’s good to be prepared.

    • #14535

      The article selected is “The impact of the COVID-19 pandemic on food price indexes and data collection.”

      link:https://www.bls.gov/opub/mlr/2020/article/the-impact-of-the-covid-19-pandemic-on-food-price-indexes-and-data-collection.htm

      Inflation is the main thing that happens today around the world, and the main part of that is food. this led to the citizen’s living situation and the country’s economy.

      This article is about the increase in food prices during the covid time. this article has shown in tables the price changes by time and percentage. this article shows the shifting economy brought on by the pandemic which includes the import, export, producer, and consumer prices.

      this is related to my family, I remember when the covid started, my mom use to buy a lot of food from the market. And the price of food has increased day by day. At that time the market is always surrounded by people and they keep buying food no matter the price and the food status.

      • #14544

        Yelyzaveta
        Participant

        Hi Jingyi, i wrote about a similar topic. Inflation really affects our lives and at the moment not for the better. Product prices grew rapidly during Covid and people bought more and more products as there was a big demand for products especially food. Your answer was short, I would like to read more of your thoughts on this topic. Although your answer was short, it was well organized and understandable.

    • #14538

      Shaila Quinapanta
      Participant

      There is no doubt that during the pandemic, the airplane industry shifted due to customers increased demand. According to the report from Business Insider “Why Airflare is so High in 2022” written by Taylor Rains, “Online spending for domestic flights soared to $8.8 billion in March, which is a 28% increase compared to the same time in 2019.” This implies that plane tickets have increased drastically in comparison to pre-pandemic levels. It is well known that during the pandemic, there was a stigma of going to airports based on the fear of getting COVID-19 and everyone was told to quarantine to prevent from coming in contact with the virus. As time progressed, many people started to travel more, especially in 2022. Based on Rains’s article, “In the first quarter of 2022, consumers spent a whopping $21 billion on domestic airflare.” Thus, we can ensure that as demands pick up, prices will spike. Furthermore, the cause of rising plane ticket prices is not only because of increasing travel demand but also because of fuel costs. Jet-fuel is the second-biggest expense for airlines and the price for fuel has been soaring severely ever since the Russia-Ukraine crisis deranged the distribution of oil. Resulting in a scarcity of oil, the cost of jet fuel doubled which led to airfare prices rising as well because of the highly anticipated desire for air travels from consumers after being quarantined for quite some time.

      To give background, I would go travel to Columbia or Ecuador to see my family for the holidays. The urge to visit my family has begun ever since I’ve lost family members because of an incident in Columbia and my uncle because of health issues two years before covid hit the news. It was definitely an eye-opener for me to enjoy every moment with my family. So, it’s very important for me to travel as much as I can every year. Moreover, due to COVID-19 we all had to quarantine, and my visits had to come to an end for the moment. However, just this summer I’ve noticed the change in airfare prices in comparison to pre-pandemic level. Nowadays, majority of the people can agree that since they stopped quarantining many have the desire to travel to make up for the time they’ve been inside. As a result of the high demand from customers and lack of the resource jet-fuel, it explains why the prices for plane tickets have soared. Nevertheless, even though the laws of supply and demand impacted the airplane industry, consumers will continue to invest their money in airplane tickets because their service is significant to them in order to travel from one place to another.

      Link: https://www.businessinsider.com/why-airfare-is-so-high-fuel-prices-demand-2022-4

      • #14548

        xue,wang
        Participant

        Hi, Quinapanta  I think the isolation of the epidemic and the psychological counseling of panic have led to excessive demand. You can go out to play and relax. I thought that the price of air tickets increased so much because of the large number of travelers. I forgot that cars and air tickets are the same because of the Russia-Ukraine crisis. disturb the oil

    • #14541

      Yelyzaveta
      Participant
      1. Food affects not only my life but also the life of every person. Food prices rise in line with inflation. In recent years, there have been several events that have had a detrimental effect on inflation. For example, Covid has led to a large increase in food prices due to the shutdown of some companies, delays in delivery and quarantine. Many firms could not withstand such pressure and collapsed. In recent months, the prices of some products have risen again due to the war between Ukraine and Russia. Supplies of products from these countries as well as gas were stopped. In a normal calm time, when there are no global problems in the world, food prices depend on demand. For example, if a farmer has a big, successful harvest, he will likely lower the price a bit to create demand for a low-cost commodity in order to get the maximum benefit for himself. The article says that some products have risen in price by 38%. These numbers are shocking. If you buy something separately, it may not be so noticeable, but if you buy a basket of groceries that are most in demand (for example, eggs, meat, milk, juice, etc.), then the final amount will be significantly different from what you would have received a few months or a year ago. Although the minimum hourly rate of $15 has not changed since 2019. Consequently, living on the minimum wage becomes more and more difficult with every price hike. </span>Some people give their preference to cheaper alternatives, for example, they opt for regular products instead of organic, buy food and cook themselves instead of frozen cooked products, or opt for cheap chicken instead of expensive beef. I can say this because I work part-time at the grocery store. Over the past year, we have experienced a price jump several times. I can also note that some people use good saving strategies. For example, they are waiting for special offers and only then are they purchased by this product;  Purchased wholesale products instead of single products. The price jump did not resettle all food products. Some are stable at the same level.  It depends on some factors, for example, some manufacturers replace ingredients with cheaper ones or those companies that do not require import supplies, that is, those products that are produced in the country in which it is sold.
        https://amp.cnn.com/cnn/2022/08/10/business/grocery-prices/index.html 
      • This reply was modified 6 days, 16 hours ago by Yelyzaveta.
      • This reply was modified 6 days, 16 hours ago by Yelyzaveta.
      • #14559

        Isaac
        Participant

        Yelyzaveta, this a very nice post all around. Your statement on food affecting everyone is very true and these  price changes have ended up changing everyone’s approach to how they go about spending within their budget. The statistic in which you put is quite alarming to read about, 38 percent in the realm of food prices is very crazy to say the least. Very informative post in which gave me a good idea of our current state of living.

    • #14549

      Oumou Jalloh
      Participant

      Link – https://www.hps-pigging.com/covid-19-the-demand-for-hand-sanitiser-and-increasing-production-capacity-by-pigging/

      This article is stating how the demand of hand sanitizer has been affected by pandemic COVID – 19. The companies were forced to increase their production capacity by using pigging option. The alcohol – based sanitizer is a daily use product that helps in cleaning the household items and clean hands. It also kinds microorganisms that are harmful. The companies that sell the hand sanitizer are Unilever, P&G, Reckitt Benckiser and Henkel. The demand of the sanitizer’s is expected to increase more than 3.6 US billion dollars by the year 2026. The manufacturing companies started to use the pigging technology in order to enhance the production capacity.

      The factors that raised the demand for the alcohol – based sanitizer because people were using it to protect themselves from the Covid – 19 infection. Even in new normal people are back to the office and using the public transport, the demand for the sanitizer increased. The supply of the hand sanitizer increased as many using a pigging technology for enhancing its production capacity. This technology helps in recovering the residual product from the pipeline at the end of the changeover batch. This gave flexibility in operation, ease as well as low – cost advantage to manufacturers. Due to the demand of the good hygiene as well as hygiene practices, the use of the sanitizer and house cleaning products increased. Even many companies introduce the range of sanitizer in their product after the increased demand which involved a company like Bell International Laboratories.

      • This reply was modified 6 days, 5 hours ago by Oumou Jalloh.
      • This reply was modified 6 days, 5 hours ago by Oumou Jalloh.
    • #14554

      Tyrena Moore
      Participant

      The topic I choose to read and write about is the product of cheese. The loss of cheese and the increase of cost has effected my daily life. Have you ever had pasta with no cheese because you couldn’t afford it? Or perhaps you are making an eggplant casserole but you are missing the most rarest cheese of all; Queso de Hoya(product of the Dominican Republic). The article “Whats Gotten Into the Price of Cheese” published by, Matt Phillips explains how the product of cheese had decreased because the Covid-19 Pandemic, follow by an increase on cheese prices. Specifically Chedder cheese.
      What’s influencing the supply and demands are Dairy Farmers and Prepared Food companies who bring ingredients to the cheese makers. The lack of big order purchases from schools and restaurants also influenced it negatively. When the Covid-19 virus hit the countries and states, it forced many businesses to close down; which made disruptions in the “Cheese Business”. Statistically, in the trade market, it became unstable . It had ups and many downs. Since the trade market became unstable it had forced the cheese markets to increase the prices. Through my own knowledge; being that I am a cheese lover ; they had limit the the different kinds of cheeses.
      The cheese markets focused on Chedder Cheeseses follow by common, casual cheeses such as Mozzarellas and Parmesan Premiums. That is now leaving me to only have one choice. Which is to plan a trip to the Dominican Republic to invest in a bolt load of Queso de Hoya to complete my recipe for the Eggplant Casserole.

       

      • #14558

        Isaac
        Participant

        Hello Tyrena, after reading your post I realized that we sometimes don’t realize how much the little things mean in our until there gone. Who would’ve thought even three years ago that all of this would occur? It is crazy to sit back and think about. COVID’s affect on the world will linger around for a very long time. I like how you explained how the pandemic forced businesses to close down. All in all this post was a very nice one to read.

         

      • #14573

        Fatima ALGABYALI
        Participant

        A lot of changes have happened due to the pandemic. It was a difficult period for everyone… However, in my opinion, many people felt the value of the very simple things around them…and they learned to appreciate and feel the value of the simple things they have.

      • #14578

        Eylul Karaosman
        Participant

        Hi Tyrena,

        Having a price increase on cheese got me sad since I am a cheese lover. Covid-19 affected everyone and the whole world. I never would’ve thought these would happen 2-3 years ago. I like how you explained how Covid-19 affceted the cheese business.

    • #14557

      Isaac
      Participant

      The article in which I used is ” Why Is Inflation Rising Right Now?” by Taylor Tepper of Forbes. He gives an in depth explanation to the inflation numbers and how they are currently affecting the economy.

      Link to the article :www.forbes.com/advisor/investing/why-is-inflation-rising-right-now/

      We are now in the midst of recovery mode after a tragic two year drought with the Coronavirus. We have lost about 6,530,581 people to this virus. These last two years have brought a great amount of sadness to the world. One thing for certain though as we try to put this virus behind us for good is keeping the businesses around us up and running. These last couple of months I have noticed that the prices of items have been increased drastically. From gas to even your local pizzeria, the prices have skyrocketed and many people are left wondering why. Various factors all play a role in inflation, such as surging demand, production costs, and issues within the supply chain.

      After reading the article I realized that the prices of so many items in which I buy increased. For example, pre covid when I was in high school I would buy pizza from the local shop for $1. Now the price has been bumped up to $2.50. Also many other food spots are now charging more for delivery expenses as well. Prices for items like toilet paper, hand sanitizer, laundry detergent, etc, have all seen tweaks in price due to inflation. There has definitely been a shift as of recent and prices have been fluctuating, but in the end more and more people are starting to realize what is happening in today’s day and age.

       

    • #14567

      Eylul Karaosman
      Participant

      Inflation has been affecting everyone at the moment. This article talks about why inflation rose in the past year. The government reported that consumer goods increased by 8.6 percent; this includes food prices, fuel, housing, and many more. During Covid-19, we were all home, and most people did not have high-paying jobs. After covid-19, people started earning more money, and it caused consumers to spend money on vacations or cars. Also, during covid-19, there were few goods that went around. For example, the shortage of computer screens or toilet paper affected companies, so they started charging more to avoid losing customers.
      Additionally, the war in Ukraine affected the inflation of food and fuel. After the war started, oil prices increased by $110 per barrel. That being said, in the U.S, the gas prices increased by 48.7% in the last year.

      Another Article written by CBS News, states that food prices went up by 12.2% in the last year. New York, for example, has an increase of 9.1%. As a person that lives in New York, it has affected my daily life. For instance, I used to buy Turkey bacon, egg, and cheese for 4 dollars a few years back. A few days ago, I paid $8.50 for one bagel. Ice cream from the ice cream truck used to be 1.50 dollars, and now it’s 4 dollars. I used to work at Starbucks a few months back, and our prices increased by 20.41%. Our customers used to complain; however, we had no power over the prices.

      links: https://www.cbsnews.com/newyork/news/new-york-city-inflation-new-high/

    • #14571

      <h5 class=”mt-4 header-100 max-w-5xl “>”Notion is the underrated productivity app that may change your work life.”</h5>
      https://mashable.com/article/notion-productivity-app-review

      The article discusses the app’s essential functions and how it can help with daily productivity. There are many productivity applications on the market, including Trello, Google Calendar, Google Keep, Google Drive, and Evernote. However,  Notion does it all and offers features for all areas of our lives, from school to grocery shopping, travel, and more. The digital productivity application has attracted over two million users in the last two years.

      The article talks about the UX design experience on the app, and that makes the app an essential part of my daily life. You can create your pages whatever you want with different themes and emojis. The creative aspect makes the app so helpful and personalized to my liking. I tend to procrastinate on my essential tasks like many people and wanted a way to keep track of my goals and stay productive simultaneously. I downloaded the app Notion this year, which has changed my life. I love having an itinerary for my day and having everything I need to get done in one place. I love that I have access to it at all times as opposed to a bullet journal. I customize my feed to be what I need it to be. In terms of supply and demand, I believe more and more people are looking to these sorts of applications because of their convenience. The digital platform is also available to businesses for just $8 a month. The paid plans provide a more collaborative workspace with unlimited team members. in the future, more businesses will be using the applications feature for successful productivity.

    • #14581

      Jessica Vazquez
      Participant

      The article chosen is “Coin shortage 2022: Nickels, dimes, pennies, quarters in short supply.” by Kelly Tyko from USA TODAY. https://www.usatoday.com/story/money/business/2022/04/01/coin-shortage-2022-cash/7241045001/

       

      Remember in the middle of 2020 when “contactless payments” became the only form of payment for transactions? When the pandemic first hit, business closures crippled the US economy. The circulation of coins dropped significantly, resulting in the partial closure of the economy. When businesses started opening up again, the demand for coins exceeded the available supply. Keep in mind that many businesses also rely on cash transactions, such as grocery stores, laundromats, and gas stations. Notice how when you would walk into a store, they had signs that encouraged customers to pay with exact change, and some even had to convert to a “cash only” business. Many wholesale store businesses now have self-checkout kiosks that only accept card transactions.

      A person like me was affected because I was used to cash transactions before the pandemic. However, my perspective has changed. With features like Apple Pay easily accessible to you on your phone, I find myself just tapping my phone on the pin pad these days.

    • #14583

      CalixtoLopez
      Participant

      The  Article that has been chosen was from CNBC and by Jessica Dickler

      ‘It’s belt-tightening time’ — How to save as food inflation jumps more than 11% in a year

      After reading this article , I get a better understanding of the relationship between  supply and demand and inflation. This piece discusses the fact inflation has now hit foods. Despite the drop in gas prices , rising food prices has helped push inflation higher and now the food index alone has rose to 11.4% over the past year. For certain businesses this is a great thing because they are gaining money . So now the relationship with inflation and supply and demand take place. I say this because it’s obvious to see , meaning  that foods to us is a necessity for not just my daily life but to others as well , so big companies are supplying food with raised prices and we have no other choice but to spend a certain amount of money to buy it. This affects me personally because it now makes me spend more money for food and it makes me more cautious on how I spend my  money.  In addition , Jessica states that , “Consumers are prepared for high prices to persist in the foreseeable future, but there’s also a tendency for people to think that things might return to normal”. This gives me a certain understanding that Jessica Dickler knows that people are ready to keep paying for raised food prices if they have too , but she also sees that we hope for the inflation to go down.

      Throughout reading this article , I have notice they key points to this piece. The first key point that I had saw is actually what I discussed in the first paragraph which is rising food costs helped push inflation higher again last month, according to the latest government data. The second key point that Jessica brought to my attention is that prices for staples like eggs, milk, cereal, bread and butter notched some of the largest increases , which show a  strain on a  household budget. furthermore , the last key point brought up in this article talks about how saving experts share their top tips on how to cut costs at grocery stores.

      http://www.cnbc.com/2022/09/15/how-to-save-money-as-food-inflation-jumps.html

       

    • #14622

      Xavier Pineda
      Participant

      I personally hate to spend money on food unless I am cooking. This is even more when it comes to things that are on the go. With my heavy work schedule and now adding on school to it, sometimes it is pretty difficult to always wait to get home. There is only but enough protein shakes that I can have. I work out 6x a week and struggle with gaining excess fat pretty easy. My new obsession is The Perfect Bars. This bar has 17 grams of protein, carbs, low sugar and only 370 calories. The great thing is that they also have varies of flavors. The down side is that they are fairly new so previous months, years, it was hard for me to find so I would typically forget about them as an option.

      Lately I have been seeing them in more deli’s but now Juice Gen and Starbucks carries them. This new sudden change can be partly to the marketing that it’s been getting NYPost recently wrote about the best protein bars in the market and put them number 5.

      This new demand for them is great for someone like me to find them but the price has gone up. Target still gives a good deal but some deli sell them for $7 [I hate wasting money] but the opportunity cost of me being hungry is enough for me to spend it.

      Seeing how a lot of this correlates to some of the hidden gems in NYC, like MILK Bar prior to its popularity, then getting multiple locations prices getting higher but supply at times not being high [inflation of good needed to produce] is interesting.

       

      https://nypost.com/article/best-protein-bars-according-to-dietitians/

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