Stockpiling
Stockpiling refers to the practice of accumulating a large quantity of goods or resources in anticipation of future needs or emergencies. This can include essential items like food, water, and medical supplies, as well as non-perishable goods. Individuals, businesses, and governments may engage in stockpiling to ensure they are prepared for potential shortages, natural disasters, or economic downturns.
The reasons for stockpiling can vary widely. For example, during times of crisis, such as the COVID-19 pandemic, many people began stockpiling items like toilet paper and hand sanitizer. Similarly, businesses may stockpile raw materials to avoid disruptions in their supply chain, while governments might maintain reserves of strategic resources like oil or grain to stabilize the economy.