Following Black Lives Matter’s 2020 summer of rage, there has been a mad-rush for guns and ammo. Gun Grabber-in-Chief Joe Biden’s contested election and the coronavirus panic has only exasperated this; and according to Smith & Wesson’s CEO, there is no sign of the ammo shortages in response to this rush slowing down anytime soon.
“It’s widely known the ammunition shortages continue,” said Smith & Wesson CEO Mark Smith. “There is still a lot of interest in firearms.”
Last year alone, Smith & Wesson shipped nearly 2.5 million units, which is an increase of 70% from the year before. According to Smith, this demand isn’t slowing down as 2021 continues on.
2020 saw record numbers of firearms purchases, with 39.695 million NICS background checks on record, which is a massive 40% increase from the year before. The first five month of 2021 have seen 1.63 million NICS background checks.
An April survey from market research firm Southwick Associates found three-quarters of respondents encountering out-of-stock issues when purchasing ammo. This is down slightly from the four in five respondents experiencing the same issue in 2020.
The survey shows that 81% of respondents stating they would like to have more ammunition. But no matter the situation, you would be hard-pressed to find many gun owners who wouldn’t want more ammo.
“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.”
Anybody searching for ammo doesn’t need a market research firm to tell them just how the dire the situation is. But the fact that Smith & Wesson’s CEO doesn’t see an end to the shortages should trouble any pro-gun American.