Business Finance Homework Help

Provide an example of a sudden shift in demand or capacity for companies or organizations due to the COVID-19 pandemic, and how they responded to those sudden changes. You can provide an example you experienced or take an example from an article.

For example, when the COVID-19 pandemic hit the U.S., the sales for toilet papers increased by 845%. Cardinal Tissue, a manufacturer of toilet papers in North Carolina, responded to this sudden, unprecedented increase in demand by running their plants 24/7, narrowing down their product portfolio, and selling even the defective roles as demanded by their customers (Narishkin, Cameron, and Barranco, 2020). Reducing the number of products they produce from over a dozen to three or four significantly reduced the number of setups, which resulted in increased capacity.

Narishkin, A., Cameron, V., & Barranco, V. (2020, September 28). Why toilet-paper demand spiked 845%, and how companies kept up with it. Business Insider. Retrieved January 4, 2021, from https://www.businessinsider.com/why-toilet-paper-demand-spiked-845-how-companies-kept-up-2020-5