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| Above, the gun department at the Albuquerque Cabela's. Photo by Armand Vaquer. |
They wrote:
Comments made by Vista Outdoor CEO and Director Christopher Metz during the company’s quarterly earnings call last month indicate ammunition will continue to be scare well into 2021.
“We currently have over a year’s worth of orders for ammunition in excess of $1 billion,” he said in his opening remarks. “This is unprecedented for our company. With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing…”
He cautioned there are notable differences between today’s low-cartridge inventories and that of 2016, which may indicate the current situation may be longer lasting. Metz explained the volume of new shooters is one driving factor.
“According to data from the NSSF, there are 6.2 million new shooters in 2020. This rate is more than twice the number of new shooters in the former surge. Anecdotally, there is no shortage of reports of sold out shooting ranges and backlogged firearm safety classes around the country.”
In a nutshell, the shortage is, as they also wrote, "Regardless of manufacturer, demand is heavy and inventory low."
To read the full article, go here.
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