Panic buying often begins as a reaction to external shocks that expose the fragility of a highly concentrated market.
The recent surge in panic buying of baby formula is driven by a "perfect storm" of supply chain vulnerabilities, including major product recalls, manufacturing shutdowns, and long-term market consolidation. While the impulse to stockpile is a natural protective instinct, experts warn that it significantly worsens shortages, leaving families of infants with specialized medical needs in dire situations. Why Panic Buying is Occurring panic buy baby milk