Word: overbuying
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Dates: during 1939-1939
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...biggest danger of tight bottlenecks is that the bottle may explode. The necessity of using obsolete equipment raises costs, prices begin to pyramid, and panicked customers overbuy. The result is often an inventory depression. Example: 1937. For this among other reasons many a businessman last week had his fingers crossed about a war boom. One of U. S. industry's most influential spokesmen, President Howard Coonley of National Association of Manufacturers (also Chairman of the Advisory Committee of American Standards Association, which is trying to eliminate bottlenecks by promoting standardization) took time out to broadcast : ". . . We have no illusions...
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