SMITH and Wesson sends warnings about depleted ammo supplies

[powderman]

   
SMITH AND WESSON sends warning about about depleted ammo supplies.
« on: Today at 07:09:09 PM »

https://www.foxbusiness.com/markets/ammo-shortage-shows-no-sign-improving-smith-wesson#&_intcmp=hp1r_4,hp1r

Ammo shortage shows no sign of improving: Smith & Wesson
'There is still a lot of interest in firearms'

By Jonathan Garber FOXBusiness
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Gun sales skyrocket as crime surges in cities across US
Ammunition inventories that were depleted during the pandemic are showing no sign of improving, according to Smith & Wesson Brands CEO Mark Smith.

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Gun sales in the U.S. have soared over the past 15 months as people sought protection in response to the wave of civil unrest that occurred following the death of George Floyd as well as an increase in socially distant outdoor activities amid COVID-19 lockdowns.

Firearms enthusiasts also stocked up to prepare for the possibility of stricter gun regulations during the Biden administration.

GUN SALES HEADING TOWARD RECORD YEAR

The unprecedented demand for firearms has made it difficult for manufacturers to keep ammunition on store shelves.

"It's widely known the ammunition shortages continue," said Smith & Wesson CEO Mark Smith. "There is still a lot of interest in firearms."

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Smith & Wesson said it shipped nearly 2.5 million units last year, up 70% from 2020.

Strong demand continues in 2021.


NICS background checks have climbed 6.8% year over year to almost 1.63 million through the first five months of 2021. Last year they soared 40% to a record 39.695 million.

Background checks are indicative of sales trends but don’t translate directly to sales. For example, customers can purchase multiple firearms at once and only be the subject of one background check.

A survey of 1,800 customers conducted in April by market research firm Southwick Associates found three-quarters of respondents encountered out-of-stock issues when trying to purchase ammunition. That was down slightly from the four in five customers who faced the problem in 2020.

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Eighty-one percent of those surveyed said they would like to have more ammunition.

"At some point, demand will certainly soften," said Rob Southwick, president of Southwick Associates. "However, frenzied purchasing and empty shelves often fuels further increases in demand. We do not see demand softening in the near future."

[Ranger99]

I can't say for other areas, but as soon
as any kind of ammo hits the shelf at
any of these stores here, it gets bought
within the hour, usually much less.
Many have caught the gouge fever,
and buy everything they see to resell
whether they can use it or not

[powderman]

How hard can ity be to track pallets of ammo?? Nothing here at any of the 3 wm. Rural king is the only place I see ANY AMMO. Saw some Norma SPCL so called target ammo, ONLY $8 a box of 50, had a lot of it, 7.62X 39 too. I'm still trying to find some 22WMR MAG HPTS. CHARLIE.

[billy_56081]

My ammo supplies are not delpleted.

[ironglows]

.
   Even first time buyers will not be satisfied with 25 or 50 rounds.  They will want to practice also, so they will be seeking all the ammo they can get too !

   ...Can't blame them too much !

[oldandslow]

How hard can ity be to track pallets of ammo?? Nothing here at any of the 3 wm. Rural king is the only place I see ANY AMMO. Saw some Norma SPCL so called target ammo, ONLY $8 a box of 50, had a lot of it, 7.62X 39 too. I'm still trying to find some 22WMR MAG HPTS. CHARLIE.

I ran across some CCI 22 mag “total metal jacket” ammo yesterday afternoon. What in the world happened with calling it “ full metal jacket” like it has always been? Will “ hollow point” become “ hole in nose” now?

[geezerbiker]

FMJ has the base of the bullet open to the lead core while a TMJ bullet has the lead fully sealed in the jacket that is usually plated on... This time it's not a marketing gimmick...

Tony

[Ranger99]

Trying to catch a bit of news earlier
I heard a new buzzword.
Seems a man stole a couple of
guns from a gun store.

Gun store has now been changed
to " weapons store "

Just when I think I can't be
amazed anymore, they come
up with a jewel like that

[DEACONLLB]

When I go by wm I check the ammo supply if there is anything I can use or my family can use I buy 3 boxes as that is the limit per day. I am not buying to double my money as some are. I have a 350 legend barrel coming from JES rebore and I have been stocking up on ammo for it. I reload for most all my rifles and I may at some point reload for it when and if supplies start coming back on the market. From what I hear from those in the know primers are the big problem for company's

Deaconllb