Ammunition inventories that were depleted during the pandemic are showing no sign of improving, according to Smith & Wesson Brands CEO Mark Smith.
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.
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.”