"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-29T12:02:14Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/27/buy-now-pay-later-zw-orig.cnn-business"
data-branding-key=""
data-video-slug="buy now pay later zw orig"
data-first-publish-slug="buy now pay later zw orig"
data-video-tags="banking, finance and investments,business, economy and trade,consumer loans and credit,personal debt and bankruptcy,personal finance"
data-details="">
Video Ad Feedback
Young shoppers love buy now, pay later. Here's why that might be a problem
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-22T00:45:34Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/media/2022/06/22/zuckerberg-meta-avatar-fashion-moos-pkg-vpx.cnn"
data-branding-key=""
data-video-slug="zuckerberg meta avatar fashion moos pkg vpx"
data-first-publish-slug="zuckerberg meta avatar fashion moos pkg vpx"
data-video-tags="arts and entertainment,business and industry sectors,business, economy and trade,electronic commerce,fashion design,internet retailing,jeanne moos,misc people,online and home shopping,retail and wholesale trade,specialty store"
data-details="">
Video Ad Feedback
Meta launches online store to purchase clothes for your avatar
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-09T12:47:28Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/06/fresh-money-lug-bags-orig.cnn"
data-branding-key="fresh-money"
data-video-slug="fresh money lug bags orig"
data-first-publish-slug="fresh money lug bags orig"
data-video-tags="business, economy and trade,business and industry sectors,retail and wholesale trade,online and home shopping,economy and economic indicators,economic indicators,consumer behavior,companies,qurate retail group,qvc,company activities and management,computer science and information technology,mobile apps,mobile technology,new products,product management,software and applications,technology"
data-details="">
Video Ad Feedback
The story behind the bag that sold out in 2 minutes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-03T21:45:47Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/03/queen-elizabeth-platinum-jubilee-business-profits-uk-moet-hennessy-champagne-qmb-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="queen elizabeth platinum jubilee business profits uk moet hennessy champagne qmb vpx"
data-first-publish-slug="queen elizabeth platinum jubilee business profits uk moet hennessy champagne qmb vpx"
data-video-tags="alcoholic beverages,beverages,british royal family,business and industry sectors,business, economy and trade,celebrities,companies,consumer products,continents and regions,europe,food and drink,kinds of foods and beverages,lvmh,misc people,northern europe,queen elizabeth ii,united kingdom"
data-details="">
Video Ad Feedback
Here's how much businesses are raking in from the Queen's Platinum Jubilee
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-23T17:41:10Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/23/marketplace-europe-patek-philippe-watches-hiphop-nft-crypto-customers-vpx.cnnbusiness"
data-branding-key="marketplace-europe"
data-video-slug="marketplace europe patek philippe watches hiphop nft crypto customers vpx"
data-first-publish-slug="marketplace europe patek philippe watches hiphop nft crypto customers vpx"
data-video-tags=""
data-details="">
Video Ad Feedback
Patek Philippe president welcomes hip-hop and NFT fanatics
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-23T13:46:43Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/23/marketplace-europe-inflation-luxury-brands.cnnbusiness"
data-branding-key="marketplace-europe"
data-video-slug="marketplace europe inflation luxury brands"
data-first-publish-slug="marketplace europe inflation luxury brands"
data-video-tags="arts and entertainment,business and industry sectors,business, economy and trade,consumer products,fashion design,leisure and lifestyle,luxurious living,luxury goods,price increases"
data-details="">
Video Ad Feedback
Inflation is pushing up high fashion prices. Luxury buyers don't seem to mind
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-09T20:18:53Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/09/facebook-meta-first-physical-retail-store-orig-ht.cnn-business"
data-branding-key=""
data-video-slug="Facebook meta first physical retail store orig ht"
data-first-publish-slug="Facebook meta first physical retail store orig ht"
data-video-tags="business and industry sectors,business, economy and trade,california,companies,company activities and management,company structure and ownership,computer science and information technology,continents and regions,facebook,north america,retail and wholesale trade,software and applications,southwestern united states,technology,the americas,united states,virtual reality"
data-details="">
Video Ad Feedback
Facebook's parent company has a brick and mortar store. See what's inside
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-12T02:36:54Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/11/walgreens-cooler-screens-reaction-ht-orig.cnn-business"
data-branding-key=""
data-video-slug="Walgreens Cooler Screens reaction ht orig"
data-first-publish-slug="Walgreens Cooler Screens reaction ht orig"
data-video-tags="business and industry sectors,business, economy and trade,companies,internet and www,marketing and advertising,marketing and advertising channels,social media,social media marketing,technology,walgreens"
data-details="">
Video Ad Feedback
New tech in Walgreens brings mixed reactions, confusion online
03:33
Now playing
- Source:
CNN Business
New YorkCNN
—
Last month, a wireless store in New York City taped a paper sign outside its door that read: “In celebration of the second day of the Lunar New Year, any customer can get a mask for free today.”
The offer was meant to attract shoppers to the storefront in Sunset Park, Brooklyn – one of the largest Chinese enclaves in the United States – as fears grew about the spread of coronavirus and pharmacies and online retailers began running out of face masks used to prevent its transmission.
Since then, the situation has become far more dire, with hundreds of deaths in China and more than two dozen countries reporting cases of the respiratory disease. On Friday, the World Health Organization warned of a global “chronic shortage” of equipment that could shield individuals from coronavirus.
“We’re sending testing kits, mask, gloves, respirators and gowns to countries in every region. However the world is facing a chronic shortage of personal protective equipment,” World Health Organization chief Tedros Adhanom Ghebreyesus said in a briefing in Geneva.
Coronavirus emerged in the city of Wuhan in central China in December. As of Friday morning, the number of confirmed cases globally stood at 31,420, with more than 31,000 of those in mainland China. There have been 638 deaths, all but two in China.
The worldwide mask shortage prompted electronics giant Foxconn, the maker of the Apple iPhone, to set up a production line of facial masks at its facility near Shenzhen in southeastern China.
The company said on Friday it is applying for product certification and it expects capacity to reach 2 million facial masks per day by the end of February.
“These masks will not only satisfy the maximum needs of company employees for preventing the coronavirus, but could also be used for external support to help with the current coronavirus control,” the Taiwanese company said in a statement.
For weeks, it’s been impossible to buy any masks on China’s e-commerce giants. Even N95 respirators, which are said to be more effective than surgical masks in stopping transmission of the virus, are also out of stock on all major online platforms in China.
In Hong Kong, people have been waiting as long as three hours outside of pharmacies to buy surgical masks. Demand was so high that some pharmacies had to limit the number of masks customers were allowed to buy.
In the Philippines, the government distributed free surgical masks to high school and college students after its first coronavirus case was confirmed on Febuary 1. Yet there are still mask shortages in medical supply stores in such major cities as Manila, Pagadian City, and Bukidnon.
Thailand on Tuesday curbed mask exports to ensure it has enough for its own citizens, according to multiple reports.
In France, a manufacturer of respiratory masks is ramping up production four or five times higher than normal. Kolmi Hopen typically produces 170 million masks a year at its facility in Angers, about 200 miles southwest of Paris. Now, though, demand for its products has multiplied, said Guillaume Laverdure, COO of parent company Medicom.
The factory has increased production to seven days week, three shifts per day, and is looking to hire 30% more staff. And that’s not the only Medicom location to do so; its US facility is moving to three shifts per day, too. “Our target right now is to protect as many people as we can,” Laverdure said.
Masks are now hard to come by in the United States, as well.
The National Community Pharmacists Association on Thursday released results of a national survey that said 96% of local pharmacies are experiencing a shortage of surgical masks, and nearly 40% are don’t have enough N95 respirators.
“All the masks that we restocked in the morning were gone by the afternoon,” a salesperson at a Walgreens pharmacy located near the Hudson Yards of New York City told CNN Business.
Leading US pharmacy chains, such as CVS and Walmart, show few to no medical masks or N95 respirators on their websites.
“We are working with our suppliers to meet customer demand for face masks,” Amy Thibault, senior manager of communications at CVS Health, told CNN Business. “We will re-supply those stores [that are out of masks] as quickly as possible.”
Given the shortages in China, some groups are trying to buy supplies in the United States and send them overseas. Wuhan University Alumni Association of Greater New York raised over $600,000 through a Gofundme campaign to send medical supplies to doctors and patients in the Wuhan area, including 40,000 masks bought from US manufacturers.
CNN’s Laure He and Saskya Vandoorne contributed to this report