According to a Newsweek story, a shortage of worldwide gunpowder supply could lead to a significant spike in ammunition prices.
The Minnesota-based company, which owns multiple guns companies, told the magazine last week that it would raise ammo and gunpowder prices across the board on January 1.
“Due to world events, our suppliers have notified us of unprecedented demand for and an anticipated global shortage of gunpowder, and thus has increased our prices substantially,” Vista Outdoor’s vice president of athletic product sales, Brett Nelson, was cited in a letter as saying. “We must therefore raise our pricing to help offset those increases.”
Vista Outdoor also told customers that unless they cancel a delivery, the firm will reprice “existing and future orders shipped on or after January 1, 2024, to the new prices.” Revised price lists will be provided in the coming weeks, according to Nelson.
The report indicated that among the companies expected to increase prices are Remington, Alliant Powder, CCI, Federal, SEVI-Shot, and Speer.
Ammunition prices spiked during the Covid pandemic amid soaring sales and disrupted supply chains.
According to report, Vista Outdoor did not explain which global events contributed to the price rise. However, the journal stated that the Ukraine situation and Israel-Hamas confrontations have significantly increased ammunition demand.
According to the source, Vista Outdoor has agreed to provide a million rounds of ammunition to Ukraine in March 2024. “Supporting the relief effort is a crucial element of the global response and we are proud to do our part,” the company said in a statement. “It emphasises the importance of the Second Amendment in America and the ability of American manufacturers to supply ammunition to our allies.” We have long backed Ukrainian armed forces and will continue to do so in this worldwide effort to unite the world.
