Kevin Willardsen, an assistant professor of economics in the Raj Soin College of Business, was interviewed by Dayton 24/7 Now about rising grocery prices. “People’s preferences are changing and the initial structure of production was geared towards preferences pre-COVID,” he said.
Willardsen said not only is production slow because plants have been shut down but people are changing what they’re buying at this time and companies are reluctant to give in.
“If I start retooling what I make in order to adjust to that and a vaccine comes out, not only have I wasted money, I’m now less competitive than I was before,” he said.
Willardsen added pricing will likely depend on how long the crisis lasts and how people react after.
Wright State’s Tom Hanks Center for Motion Pictures adds director, plans to grow 
Wright State departments create powerful collaboration researching threats to expectant mothers, babies 
Wright State nursing students to offer Stop the Bleed training in Wilmington 
Joyful connections 
Wright State’s MBA program ranked among the best for entrepreneurs by Princeton Review 