Don't panic over coronavirus as food is plentiful, says Tesco boss [Reuters (UK)]
TESCO PLC S/ADR (TSCDY)
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Source: Reuters
Don't panic over coronavirus as food is plentiful, says Tesco boss - Reuters 4 Min Read LONDON (Reuters) - Britain’s biggest supermarket Tesco ( TSCO.L ) can keep shelves stocked and withstand shopper hoarding over coronavirus that has seen runs on pasta, hand sanitiser and toilet roll, its chairman said on Thursday. Social media has been awash this week with pictures of empty shelves in Britain’s major supermarkets, with items like dried pasta and toilet rolls particularly sought after. But John Allan said that although Tesco’s recent trading had been characterised by heavy buying of certain products, including tissues and hand sanitisers, it was not at a level that threatened the retailer’s supply chain. “There’s plenty of product in the supply chain, there’s plenty of food at Tesco and other supermarkets, and I don’t think anybody needs to panic buy,” he told BBC radio. “We, and I’m sure our competitors, are re-filling our supply chains as rapidly as ever we can.” Allan said it w
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