The weather is getting warmer and flowers are starting to bloom, but April’s arrival this year is otherwise unusual — you won’t see kids running home from the school bus or diners gathering on restaurant patios to enjoy a spring evening.
Together, America is staying in to stop the spread of COVID-19.
CBA Consumer Survey: 5 Weeks Into the Coronavirus Crisis
For the fifth week, Consumer Brands conducted a survey of more than 1,400 American adults about the coronavirus outbreak and its effects — what their worries are, how they’re preparing and when they think it will end.
Unsurprisingly, 92% of Americans are concerned about the coronavirus, up slightly from 89% just last week.
Accordingly, the number of people who have said they purchased supplies to prepare for the virus and its impact is up as well, from 67% last week to 69% now.
Essential Product Availability is Growing
Though many Americans have reported seeing shortages of certain products, like toilet paper or hand sanitizer, they also say they’ve seen more items in stock lately — 56% of respondents reported seeing more availability and restocks of high-demand items.
Concerns over access to essential consumer goods dropped slightly in most categories in the last week.
Household cleaning products was the only category that did not see a decrease since last week, with concern up slightly, but not above the peak two weeks ago.
When asked if they’ve experienced difficultly purchasing high-demand items, consumers agreed that supplies like hand sanitizer (65%), toilet paper (62%) and disinfecting wipes (57%) have been the hardest to find.
Find out how Coyote was able to source hand sanitizer for our carriers.
CPG companies are aware of these issues and are working nonstop to increase supply to meet this unprecedented demand.
P&G recently shifted several of its manufacturing plants around the world to the dedicated production of hand sanitizer and face masks — once fully operational, the company will be able to produce at least 45,000 liters per week of Safeguard hand sanitizer.
Many other CPG companies, including PepsiCo, Hormel, Clorox, Coca-Cola, J.M. Smucker, General Mills and more are ramping up production, rewarding front-line manufacturing workers with raises, bonuses and enhanced benefits.
Consumers Are Still Well-Stocked
Consumers are still well-stocked at home:
- 42% reporting they are stocked with essential goods for at least 2 weeks
- 37% are supplied for 1 to 2 weeks.
- 3% are stocked for 0 to 2 days
Americans Are Optimistic
Despite this challenging new normal, many Americans are optimistic about the coronavirus situation’s end.
31% of those surveyed believe that the major mitigation tactics against the coronavirus, including stay-at-home orders, city lockdowns and non-essential business closures, will end in April or May.
Another 43% believe these policies will end by June or July. 16% percent said by the end of the summer, 6% said by the end of 2020 and 4% said sometime in 2021.
Concern Over Finance
The sooner this ends, the better for Americans’ financial situations.
Concern over their family’s ability to afford essentials and pay bills remained high this week, with 63% reporting that they had already experienced financial difficulties, up slightly from last week when it stood at 60%.
As the world continues to adjust to life in a pandemic, spring looks different for everyone. We hope the optimism that the curve will be flattened soon holds in the weeks ahead.
Get more information on the stimulus bill and how it could support your business.
For more information on coronavirus from Consumer Brands, please visit their main page on the issue.
Originally published on April 3 by Katie Denis.