No need to panic buy says Tesco chairman

Tesco chairman John Allan has said the supermarket is re-filling its supply chain as rapidly as it can, in the light of coronavirus induced panic-buying in the UK.

Allan told BBC radio yesterday: “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.

“We, and I’m sure our competitors, are re-filling our supply chains as rapidly as ever we can.”

Allan said it was unlikely Tesco, would experience anything more than “very short term, temporary” shortages of certain products.

Tesco remains the largest supermarket in the UK with 27.2% market share for the 12 weeks ending 23 February, according to Kantar Worldpanel.