Coronavirus panic
Since the escalation in the number of casualties claimed by the coronavirus in recent weeks, the market all over the world is experiencing unnatural trends. The recent cases of the outbreak have caused a situation of panic and chaos in the general public and this has also caused an increase in demands for different medical pre-cautionary types of equipment like masks and sanitizers. The lack of clarity of information about the cover-19 virus is causing a general state of panic in different countries. A majority of the companies have gone under extensive and complete lockdown to prevent any cases of covid-19 spread in their regions.
Increased demand for body armour
The panic for the coronavirus has impacted the demand of various medical equipments, but in a bizarre development, various store owners in the US have reported a significant rise in the demand for guns and body armour amid the corona fear. According to their records, the amount of purchase of guns and body armours has gone up significantly ever since the countries were put on lockdown. The trend also showcases that false and exaggerated information about the epidemic has caused a fear in the minds of the people about an extinction-level event and that has pushed them to the brink of arming themselves.
Increase in the number of quarantines
All the nations are employing their healthcare system at the full efficiency and are encouraging practices for self-quarantine to go with the recent news of outbreaks. The increased number of people going for self-quarantine has caused a rise in the sale of perishables and more strangely in the number of guns and body armours. The body armours are being reported to be sold at a peak rate that hasn’t been witnessed in some years and the demographic is mainly the senior citizens who are feeling helpless about the growing panic in the people.
A lot of rumours and fake news has caused an array of misinformation in the public eyes and is causing the spread of unnecessary panic in the masses. The rise in the demand for body armours is not witnessing any slowdown and is even spreading to more areas. As per the report by Value Market Research the sudden boom in the market has affected the various suppliers all over the country as they are facing an increased number of orders from the different parts of the country and as long as the corona virus pandemic does not slow down, there are no signs of depression in the market for body armours.
Nishtha Sarabhai after working for three years in a Bank switched to writing to balance her work and home. She is a mother of two beautiful kids. She enjoys writing on Aerospace, Science and new invcentions. She has been with VMR news since its inception.